Health Care Finance in the United States SLP Essay

Health Care Finance in the United States SLP - Essay Example NC Health Choice for Children does not cover pregnancy related services. Another major advantage of getting healthcare for citizens in North Carolina is that individuals cannot be rejected because of health condition. Furthermore, health Care Coverage program eligibility is based on family’s finance. Seniors along with unemployed need to have a specific medical need when application is made. Just like in other states, patients can opt for either HMO or PPO plans. This allows an individual to select a plan with a different ramifications since different provides will charge a different price. North Carolina’s policies regarding health care is not much different than federal policies outlined for other states. As a matter of fact, North Carolina dictates that children under 18 are eligible for Medicaid. Medicaid is quite essential is provides affordable healthcare to parties that cannot afford insurance. One important detail about Medicaid is the fact that nearly all cost-sharing is prohibited for children covered based on family income. Hence in separate plans, the state has the ability to demand premiums, deductibles or other cost-sharing fees. This means that children’s coverage can be covered by Medicaid or a private insurance company depending on the family’s income. Â  In North Carolina the self-employed and small business are guaranteed access, and insurance companies are limited in, which is dictated by other factors. One of the key factors that dictates healthcare polices is the cost of unhealthy versus healthy self-employed individuals and small groups. Even under the best of circumstances, those who are new to the health insurance market, or have previously been covered by an employer, should be prepared for sticker shock. A standard small group health insurance policy in North Carolina can easily cost $15,000 or more for a family. Most self-employees obtain the HNOnly Plan H-101, in which the deductible for individual is