Friday, 15 October 2010

Explaining the PPO Group Health Insurance System

As you may well imagine, the ability to choose one's own doctors has led to the Preferred Payment Organization alternative being far and away the most popular approach from virtually every employee questioned about the most favored group health insurance option. Still, as will happen with so many aspects of a smaller corporate operation, the work force does not always completely understand all of the elements that go into the decision making process. However much that the employees may feel compelled to stay with their family primary care physician, even if they haven't actually seen their doctor for years (or, for that matter, are one hundred percent aware that their doctor's still practicing), they'll sometime require the voice of management to help them appreciate the disadvantages of the PPO design.
Obviously, beyond anything else, the Preferred Payment Organization form of group health insurance all but assures the policy members of substantial increases in the price of monthly billing OR just as substantial reductions felt in the health care coverage. Whether or not the diminished coverage shows itself through a restriction of insurance or through an increase of yearly deductibles, either of these could readily outstrip the potential bother of choosing a new primary care physician: or even the feelings of disloyalty that often occur, regardless of how ridiculous medical professionals would find such sentiments.
Also, keep in mind, group health insurance done through the Preferred Payment Organization method will involve markedly more confusion for all parties connected with the inevitable billing. In the PPO system, the hospital will forward a request for all moneys owed to the underwriters of the group health insurance IL carrier chosen by the company. With regard to co pays, which are going to be nearly guaranteed parts of PPOs, the patient will be responsible to supply the funds (or, as generally happens, hand over the Visa or Mastercard) out of his or her own wallet after the appointment. In general, regardless of the group health insurance system chosen, co pays are almost always less than one hundred bucks and often can be as low as ten or fifteen dollars
All the same, that doesn't mean the owners or executives charged with assigning the specificities of their employees' medical coverage should completely overlook the price tag. Although these sums might appear to be virtually non existent to management positions, given their salaries relative to the more poorly paid employees, some heads of household who have genuine troubles meeting utilities and domestic staples such as food or gas might shy away from visiting their doctor for non essential concerns if the fifty dollar co pay would prevent junior from a field trip or the spouse from affording a new set of shoes.
Still, what small business owners have to keep in mind, the very same seemingly negligible concerns over skin irritation or lingering coughs are precisely the sorts of symptoms - largely ignored because of patient costs, by the way - that the American Medical Association has determined to be so very important for early diagnosis. As we have said, not every firm looking through group health insurance IL programs will have the luxury of sufficiently expansive operating budgets to pick up the premium costs which would eliminate or greatly diminish co pays. However, for those companies who haven't the fiscal resources to subsidize the costs of their poorer employees, it might be time to convince them of the benefits of Health Maintenance Organization or other more cost friendly group health insurance opportunities.

Thursday, 14 October 2010

How Can You Save On Health Insurance For Pre Existing Conditions

Perfection is an ideology that cannot be achieved by anyone out there today. There are a lot of things that need to be looked into to ensure that things are in fact as close to perfect as possible. However, actually achieved perfection is seldom possible. Coming to your health, the same fundamental is applicable. As it is quite unlikely that you are going to be in perfect health, your insurance too should have some leeway to accommodate for common issues. Hence, it is advisable to learn more about health insurance for pre existing condition since you are quite likely going to want to know more about it when you have the time rather than when it becomes absolutely mandatory.
Choosing the right company
One of the first things that you can do in this regard would perhaps be to identify the right insurance company that you ought to be linked with. Don't simply go to one of the standard companies, as this really does not help much in achieving the objectives. In a number of instances, it is important to have the right insurance company in view as certain companies do offer special prices on health insurance for pre existing conditions. Ideally, you would want to take advantage of these and see how much you might be able to save in the long run.
Picking out the features
Once you have the policy and the company in mind, the next thing that you would want to do would probably be to pick out the right kind of features that will help keep the costs of the cheap medical insurance as low as possible. Remember that you wouldn't want to simply get generic health insurance, as this might not always be the best option for you to take advantage of. Consult with someone knowledgeable to help you out in this regard.
Working to improve the condition
If it ever is an option, you should also consider trying to work on your condition and perhaps improving it in any way possible. In this manner, you can be assured that you wouldn't have to simply suffer with this condition medically as well as have to pay the price for it. Taking care to ensure that things are in check is definitely a good thing to have and abide by. Not only will you start saving on health insurance for pre existing conditions, but might eventually not need it altogether.
By carefully looking at all your options and picking out the ones that you would want to go in for, it is quite possible that you can end up saving quite a lot of money over time. You should be able to easily identify the different options that you have and know to select the right ones from the wrong ones. If you are really in a dilemma about what to go in for, you should go to a website that has the resources for you to consider and perhaps even adapt.

Wednesday, 13 October 2010

Obama's Health Care Reform Bill VS The Workforce

Everyone can agree that health care should be made available to every American. Now that President Obama has signed the bill into law we have yet to view the entire package. Already burdened tax payers will pay dearly for this one as in the end we still pay the cost. Businesses will be required to provide health coverage for employees. This action will have anegative impact on the work force as small business will have to scramble for extra funds to pay for health insurance. A small business owner will have 4 choices.
1) Raise the price of goods or services to compensate for the increase in costs. The end result consumers pay the price. Raising prices in a recession will slow sales which could lean toward layoffs adding more employees to the unemployment lines
2) Force employees to pay a greater percentage of the cost and opt for a cheaper policy with less coverage. Employees will see less take home pay stretching already tight belts. With less to spend in their pockets we slide further into a depression.
3) Lay off a few employees or freeze hiring as employees retire to compensate costs. This action will add workers to the unemployment lines sending us farther into a depression.
4) Start using temp agencies.
With a huge pool of overqualified work force in unemployment temps will be the wave of the future. An employer does not have to provide health coverage for temporary employees. Every few months the employer will tell the agency to send out different workers so they do not have to hire anyone. Productivity and customer service will decline as a result of temporary workers. Although they can be good workers, a temporary work force will have to be retrained every few months as they are bounced around from workplace to workplace. After a period of time this can have physiological effects on the best of workers.
Introducing a costly health care reform bill during a deep recession is bad politics. In the long run it might just push us into a depression. More job cuts and a further strain on the economy. The government always reports new unemployment filings for the month but they do not report the numbers whose unemployment benefits ran out and still are out of work. The government will not admit it because they always paint a rosy picture. Introducing the health care bill during a deep recession took the focus off the economy to the new subject of health care reform.

Tuesday, 12 October 2010

Filling In The Gaps In Your Health Insurance Coverage

With the steep increases in the cost of health insurance, many families have begun choosing high-deductible health insurance plans as a way lower their monthly expenses to make ends meet. In exchange for paying lower monthly premiums, the plan requires that the clients pay for the first $1,000, $2,000, up to $10,000 of medical expense before the insurance steps in and begins providing coverage.
While lower monthly premiums are welcomed by all, there are some downsides. First off all there is the risk that you would have to come up with thousands of dollars in the event of a serious illness or accident. With the recession, homes that have negative equity, and high unemployment, most people do not have the cash on hand it would require to pay for the deductible.
Secondly, your health insurance policy cover may have hidden exclusions which can create gaps in coverage. In an effort to reduce expenses, some health insurers have excluded certain conditions and circumstances. Some of the areas that could be excluded are:
Car accidents with uninsured drivers. Sadly many people are injured every year due to auto accidents and it seems that the worst drivers almost always have no insurance.
Accidents that occur during school hours or on school or church related outings.
Mental Health. This has long been an area that is underserved by health insurers, yet the number instances of being diagnosed with a mental condition are growing rapidly.
Death. Health insurance policies rarely have any provision to pay out if an insured person dies. This can strike home particularly hard if a child dies since most kids do not have insurance. Conventional thinking is that only people with financial obligations need life insurance but if a child dies money might be needed for counseling for the other children and the parents, as well as to pay for funeral costs.
An increasing number of families are covering their high deductibles and these excluded risks by adding inexpensive supplemental insurance policies to cover accidents, illnesses, and small life insurance policies to cover final expenses. There are many different types of policies available from many companies and you can easily go online and research your options with an independent online insurance agency. The cost for this type of coverage is inexpensive because the risk of these events occurring is low. Insuring against that low risk though, could make all the difference in the world to your family.

Preventative Measures to Lower Insurance Rates

If you are fortunate enough to have medical insurance, there are ways to generate savings. Healthcare is fast becoming a commodity where good health is the responsibility of every consumer. It is in ones control to raise or lower insurance rates.
If you smoke you should quit, or be prepared to face the consequences. Premiums are higher on smokers than non smokers to begin with. The future threatens to withhold medical treatment for ailments, which the consumer continually contributes to by their actions. If you are overweight, you should lose pounds to reduce premiums. Again, if you continue to contribute to an illness caused or aggravated by weight you may not receive treatment. If you drink, consider cutting down. Illnesses caused by alcohol may go untreated as long as drinking continues. If you are a couch potato, get moving. Exercise is vital to maintaining a healthy lifestyle.
The focus of today's healthcare is preventive. Stopping an illness before it gets out of control is now more important than ever. Medication to control factors out of range such as high cholesterol, blood sugar, and high blood pressure, just to name a few is paramount to controlling health problems. The hope is by controlling them they will remain minor.
Health screenings is a crucial part of the healthcare industry. The ability to detect health problems quickly, allows a better chance of alleviating them early. Not only will it help the patient, it will help control medical costs. Health insurance rates will reflect positive and negative health habits. Everyone bears the responsibility of keeping themselves in the best possible physical shape.

Monday, 11 October 2010

Cobra Medical

Are you familiar with Cobra medical coverage? Most people do not know what it is; however you need to understand what it can do for you. Here is the information you need about Cobra.
Cobra stands for the Consolidated Omnibus Budget Reconciliation Act and is a program put into law by the U. S. congress in 1985. It basically covers insurance offered by employers and which employees are eligible for continuing coverage after they have left the company. Of course employees leave a company for different reasons, including on their own and by being fired. When you leave a job for whatever reason, the company is required by law to inform you within fourteen days that you are eligible for Cobra coverage. You will be able to continue receiving the same medical insurance coverage you had before leaving for up to 18 months after you leave. The biggest down side is you will probably be required to pay more for it than you were paying while still employed. This law only covers companies that have 20 or more employees.
You will be required to pay the full cost of the continuing insurance coverage plus a 2% administration fee. While this may seem like a lot, you are still probably going to be paying less than you would if you had to buy it on your own. This is because you are paying the same bulk rate as your former employer was. Understand that the more employees a company has, generally the less they have to pay per employee for insurance coverage. You are allowed to take advantage of these discounts. However it is not a bad idea to check with your own insurance agent or on the Internet to see if you are able to find a better deal. You are in no way required to accept coverage from your former employer.
Here are the rules covering whether you are covered under Cobra. When you are terminated for any reason or leave on your own you are covered. When your work hours are reduced for any reason you are also eligible for coverage. If you die your family, including your spouse and dependents, are eligible for coverage. When you are involved in a divorce, your ex spouse can receive coverage for up to 18 months. Finally, if one of your dependents reaches an age where he or she is no longer a dependent, his or her coverage is extended 18 months.

High-Risk Health Insurance Plans Have Surprisingly Low Enrollment

One of the aims of the Obama administration's healthcare reform law is expanding coverage to nearly all Americans. Eventually, health insurance companies will be forbidden from denying coverage to individuals based on their health status. However, the legislation gives health insurers time to adjust their business models. They will not be required to accept all comers until 2014, the same year that the controversial individual mandate is set to take effect. The mandate would bring more younger, healthier people into the fold to pay premiums--making up for the increased cost of patients with pre-existing conditions they would previously avoid.
As a stopgap measure, high-risk insurance pools were created by the law. These are heavily regulated programs that allow those with serious pre-existing conditions to buy health insurance coverage. Some subsidies for the program were also funded by Congress.
Over 20 states have agreed to create their own high-risk health plans that comply with the federal law, while the rest have refused to participate (due to financial and/or political concerns). The latter states are directing their residents towards the federal high-risk pool (which has the ironic effect of giving the federal government even more control over the program). Some states already have their own high-risk pools, although they may not comply with the legislation as a result of their high costs and limits on enrollment. Granted, the new program also has its own limitations: patients must provide proof that they were rejected by at least one insurer, and have to have been uninsured for the past six months.
The high-risk health insurance plans launched in July. However, so far they have not been as successful as proponents hoped. Although a handful of larger states have yet to fully launch their programs, enrollment is far lower than expected, with only several hundred applicants in most states. This may be because the premiums are often prohibitively expensive, with monthly premiums sometimes reaching nearly $500.
Despite those expenses, it is still preferable to the alternative for those with cancer or other serious diseases. For example, the plan in New Hampshire includes an annual $5,000 deductible: the patient is only responsible for out-of-pocket expenses up until that point. While the cost is still significant, it is still cheaper than the $16,000 a single chemotherapy treatment can cost.