Financial Literacy: Health Insurance

VIDEO: What Is Medicaid? | Medicaid Made Clear

ARTICLE: Children’s Health Insurance Program (CHIP)

VIDEO: Medicare vs Medicaid: What You NEED to Know
The second and third most common ways Americans get health insurance is through Medicaid and Medicare. Access the videos and the article about CHIP, a third government health insurance program. Then, answer the questions on your worksheet.

DIG DEEPER: If you’d like to learn more, use this National Association of Insurance Commissioners map to click on your state and check out local insurance agents. Read more about Medicaid and Medicare.

GAME: Play Bummer! As you play the game, pay attention to how your insurance choices and the outcomes of the Wheel of Bummers impact Your Total Money.  

LEARNING TARGETS:

  • I can explain the pros and cons of enrolling in employer-sponsored health plans vs individual plans from the Marketplace.
  • I can explore the specific coverage areas and benefits of healthcare.gov Marketplace plans.
  • I understand how government healthcare programs like Medicaid, CHIP, and Medicare work and who qualifies for them.
  • I can investigate health insurance policies and eligibility in their states.

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