I wouldn't expect the average man-in-the-street to automatically understand concepts like deductible, copay, co-insurance, MOOP, or capitation, among others.
Some of the newer variations like cost-sharing subsidies in certain silver plans take a moment to sink in even among the better read of the rest of us.
I would expect the average man on the street to understand deductible and co pay. Maybe not all the other, but yes, if you call yourself a man, there are some basics one should have.
If you’re a boy on the other hand…..
Most people that have had health insurance at one time or another would understand those concepts. What they may not understand is Obamacare. I was talking today to a 60 year old lady that was laid off a couple months ago from her job. I brought up the subject about what she going to do about health care. She said the Cobra coverage was way too expensive. I didn't want to pry too much into her affairs, but I got the sense she had no clue about the implications of Obamacare or even what kind death care she was eligible for....
Your post is spot on. Most people don’t understand deductibles and co-pay. My company is self insured and I am pretty amazed at the number of people who pop a cork about paying a deductible and out of pocket charges....even though we have a low monthly premium, low deductible and oop. And good coverage. This insurance is CRAPPY they will tell me. Someday, I’m gonna have to tell these folks to hit the market place and see how crappy the insurance our very generous employer is providing.
I read an article (and received notices at work) that there is legislation in place that will allow insurance companies and OCare to cap what they will pay on various procedures. And if a provider is chosen that exceeds the benefit amount...it won’t apply to the out of pocket or deductible. That sure isn’t going to muddy the waters will it?