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Health Insurance in United States
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Health Insurance in United States has got widespread reach and awareness. According to the statistics of United States Census Bureau, approximately 84% of Americans have health insurance. Around 60% of the people obtain health insurance in United States through an employer, about 9% buy it directly, and various government agencies provide coverage to about 27% of the Americans
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Private- Employer sponsored
This type of health insurance in United States is quite popular. Health insurance is paid by business bodies generally on behalf of their employees and other immediate stakeholders. This type is broadly classified as Traditional/Indemnity and also Managed/Preferred Provider. Most private health coverage in United States is employment based, and the employer makes a good contribution towards the cost of the coverage.
According to the Centers for Medicare and Medicaid Services, almost 100% of the large firms offer health insurance to their employees. Many small employers provide employee health insurance, but the percentage offering is lower than the larger employers. The types of coverage available to the small employers are similar, but they differ in some options for financing their benefit plans. In particular, self-insuring the benefits is not a very good option for most small scale employers.
Private/ Individually purchased
These Insurance Policies are obtained by individuals who are not covered under policies or programs anywhere else. Generally this type of health insurance in United States constitute major medical, short term medical, and student policies. Americans covered under individually purchased medical expense insurance is much less than by employer-sponsored coverage. However, the range of products available is similar. Average premiums are generally less than those for employer sponsored coverage, but the amount varies with age.
Private/ Long-term care insurance
Long-term care insurance in United States is growing in popularity. Premiums have remained relatively stable in the recent years. However, the coverage is very expensive, especially when consumers wait till the age of retirement to purchase it.
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