This allows for premium tax credits as well as savings on copayments out of

This allows for premium tax credits as well as

This preview shows page 2 - 4 out of 5 pages.

unemployed often qualify for what is called a Marketplace insurance plan. This allows for premium tax credits as well as savings on copayments, out-of-pocket costs, and deductibles depending on the size of one’s household and income ( HealthCare.gov, n.d.-b). The unemployed in the U.S. can also apply for Medicaid (Cherry & Jacob, 2017). If an individual loses job-based insurance, they can also apply for COBRA coverage, which is for continuation of insurance from former employer (Healthcare.gov, n.d.-a). For retirees in the United States under the age of 65, Health Insurance Marketplace can be used to purchase a plan. This will often decrease out-of- pocket rates and allow for premium tax credits (Healthcare.gov, n.d.-c). If retired and over the Updated on 2/21/19
Image of page 2
ORGANIZATIONAL SYSTEMS TASK 3 3 age of 65, Medicaid may be an option where individuals may qualify for low-cost or even free coverage (Healthcare.gov, n.d.-c). In Japan, the unemployed, as well as the retired, can apply for Citizens Health Insurance which reduces premium payments (Matsuda, n.d.). They can also apply for National Health Insurance, which covers the unemployed and retired under 75 (Japan Health Policy NOW [JHPN], n.d.). Coverage of Medications In the U.S., even though some insurance companies cover prescription medications, many require co-pays. Not only that, many insurances require separate prescription coverage. In the U.S., medications vary in price depending on if has a trade name or generic name. In Japan,
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 5 pages?

  • Spring '19

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture