Payer Industry Overview - Health Insurance Terms Explained

Published: 27 June 2024
on channel: Primerli
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The US Healthcare industry is complex and massive! Each insurance plan contains a multitude of benefits and prescription tiers. In this video, we'll explain common characteristics and terms in the Payer Industry.

▶️ Watch our other videos:    • Insurance Companies: How they make mo...  

Key Sections
0:23 - What is a healthcare plan?
0:40 - The 5 Key Features of US Healthcare Plans - Plan Benefits
1:19 - What is the drug formulary?
1:47 - What are Out-Of-Pocket costs?
2:48 - Explaining the Provider Network (Managed & Non-Managed Care)
3:42 - The differences of EPO, PPO, HMO, and POS.
5:00 - What are insurance plan premiums?

#healthcare #healthcareindustry #healthinsuranceplan #affordablecareact #payer

📚 This video serves as an excerpt from the Payer Industry Learning Primer, meticulously curated by the digital e-learning content provider, Primerli https://www.primerli.com/. The full module, comprising 10 bite-sized videos and quick quizzes, is tailored to empower professionals to grasp the industry intricacies in under an hour.

What industry do you want to learn about next? Let us know in the comments.

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