Distinguish among the types, costs, and benefits of health insurance.

Distinguishing among the types, costs, and benefits of health insurance coverage should include an explanation of

• terms associated with health insurance (e.g., Health Maintenance Organization [HMO], Preferred Provider Organization [PPO])
• basic health insurance, which includes doctor visits and routine service, hospital, and surgical expenses
• major medical insurance, which protects a person from large and catastrophic expenses resulting from injury or illness
• dental insurance, which provides reimbursement for the expenses of dental services and supplies and encourages preventive dental care
• vision insurance, which is a part of many group health plans
• disability insurance, which includes short-term and long-term income protection when the insured is unable to work due to an injury or illness
• the advantages and disadvantages of managed and unmanaged health insurance plans
• the impact of the Affordable Care Act on types of coverage
• the impact of the government-sponsored health care opportunities on the insurance market.

It should also include using a decision model to compare policies offered by different companies.