For CEOs Considering Consumer Driven Health Plans to Reduce Cost, A “Well Better” Permanent Solution

Consumer Driven Group Health Plans (CDHPs): How and Why They Miss the Target
by Michael Chapman

The rising expense of group health insurance is a big issue for most small businesses businesses (businesses with 500 or fewer employees. Companies of this size represent 95% of all businesses in the US.) The percent of small businesses offering group health insurance plans has fallen steadily. Today half of small businesses offer group health insurance plan for their employees, down from 70% a decade ago.

The only effective way that a company can reduce the cost of group medical insurance is if their employees have fewer medical insurance claims. This can lead to a reduction in the overall increase in the cost of group health insurance for the company the following year, when the company signs a contract at new rates for the next year. While there may not be a cost reduction, fewer claims should mean a lower than normal premium increase.

“Consumer driven group health plans” are plans that pass on more cost to the employees in the form of higher deductibles and higher or no prescription or doctor visit co-pays, and “incentives” to reward employees for reducing their medical insurance claims. These incentives include monetary and tax incentives approved by the IRS that reward the employee for controlling the cost of their medical claims.

The idea is that if more of the health care costs are shifted to the employee, and if the employee makes fewer medical claims, they are rewarded with tax-favored savings. The thinking is that if the employee is a “good consumer,” they will find ways to keep more of their tax-favored savings that they can use in future years rather than use it for health care.

Consumer driven group health plans couple a high deductible health plan with one or more of the following types of IRS approved programs: Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Medical Expense Reimbursement Plans (MERPS).

Companies that select consumer driven group health plans (CDHPs) generally see a significant, but moderate and often short term, reduction in the inflationary increases in group medical insurance expenses. However, we now believe that CDHP advocates are making the wrong argument, and are missing the point.

While CDHP advocates might be winning a lower rate increase for a year, they are losing the war on affordable health care and health insurance, and are only motivating the proponents of universal health care and nationalized health insurance to work harder to get their candidates elected in 2008.

We feel that consumer driven group health plans do not do enough to control the cost of group health insurance. Even if company receives a premium group health insurance premium increase of 7% instead of 15%, that is still a doubling in rates by the year 2015. Clearly, that is too much.

We feel that the basic premise of CDHPs is wrong. The challenge is not to make the employees pay more for group health insurance, and then reward them for shopping for less expensive health care and avoiding medical claims. CDHPs represent short-sighted thinking and bandaid fix for group health insurance.

We feel that the only way to achieve a fundamental change in the cost of employee group health insurance is to make employees accountable for maintaining healthy lifestyles. Fully 75% of all diseases in the US are preventable. Group health insurance plans that reward employees for preventing diseases represents could truly reduce health care expenses for employers and employees alike.

Employers should be able to hold their employees accountable for their own lifestyles. A group health insurance plan that rewards tobacco-free, obesity-free living, and rewards employees and dependents for maintaining an active, healthy lifestyle is the goal.

With this type of plan, employees could avoid or minimize the chance of their family’s suffering and the cost of diseases such as diabetes, diseases of the heart and circulatory system, stroke, and cancer-related diseases. Plus, employers would benefit from a true systemic reduction in medical insurance expenses, and reduce lost time productivity and wages due to sickness.

Employees who choose a healthy lifestyle would receive tax-favored incentives for losing weight for stopping use of tobacco, etc. Those incentives would effectively lower the cost of the employee’s out of pocket medical expenses to below what they would otherwise spend.

Those employees who choose not to live healthy lifestyles would not reap the rewards and incentives that the employer’s plan offers, and would pay more for their health care. Or they could choose to seek employment elsewhere with a company or organization that offers a group health insurance plan that does not reward healthy employees with lower cost health insurance and incentives for a healthy lifestyle.

This simple concept, for employers to reward employees who choose to live healthy lives with lower health care expenses, represents a major departure from the current CDHP movement. Forward-thinking CEOs can now have a major impact on permanently reducing the cost of group health insurance, can improve their company’s bottom line, and can play a major positive role in improving the lives of their employees and their families.

We will elaborate on this concept in future articles and will show employers how step by step how they can implement employee wellness as a key driver in their company’s employee benefits and human resources plan. Individuals interested are encouraged to contact for more information.

How to Choose Health Plans

Health plans Virginia-this term can confuse any consumer who is looking to buy healthcare cover for individual or family purpose. At the same time, group health plans and various other types of special insurance plans are also offered in Virginia. The companies that offer health plans in Virginia include Aetna, American National, Anthem Blue Cross and Blue Shield, Assurant, CareFirst Blue Cross Blue Shield, Celtic, Golden Rule, Great American, Humana One, IAC, Kaiser Permanente, Patriot Health, Solera Dental, and UniCare.

Rising healthcare costs have already added salt to the woes of an insured or even a sick man. Consumers in Virginia, who don’t have a medical plan to provide coverage, are under the prospects of severe financial burdens.

Understanding how to choose medical plans in Virginia gives a lot of help to the consumers in making sure they do not end up paying very high rates without getting the optimal level of coverage, which could ensure financial security during the times of medical care needs.

Here are some points that should help the consumers as to how to choose health plans in Virginia:

1. If you are not sure your agent/broker would provide multiple quotes from which you can choose, try searching online. Online websites and exchange portals provide a lot of options when it comes to buy affordable health plans in Virginia. Moreover, you get the option of instantly comparing various health plan quotes and also to submit applications if you like any of them.

2. In order to make sure you will be able to pay the premium and other costs involved in any health plan, you need to stipulate the budget from your side. Once that is done, you can ask for some quotes to get an assessment as to what’s in the market. Once that is done, you can compare the rates with your budget to make sure you are not putting yourself under severe financial liability.

3. If you are buying a family health insurance, make sure you know the medical care needs of each and every family member. If you have children, you should consider their needs also. Optimal level of medical coverage ensures that your out-of-the-pocket expenses are not much whenever you need medical care.

4. The premium costs are directly related to the age of the applicant. So, if you have a family, the younger spouse should become the primary applicant while the other could be added as a dependent. This will help lower the premiums of the medical plans.

5. With healthcare reforms making headways, before buying any health plans in Virginia, make sure you are abreast with the changing laws and regulations. Though lots of rules are to be implemented according to different time-line, a lot of insurance companies in Virginia are already offering the options to the consumers. Checking those options can save a lot of hassle.

Rest, as all the expert say, shopping around is the best thing when it comes to buy health insurance in Virginia. Do your home-work and you will be able to stumble on the best health plan for you.

The Health Plans and Insurance For Employees

Today the work environment has undergone great changes due to which the employers are much responsible for their employees. In this case there is a benefit that employers attempt to provide the health insurance plans to their employees. Because of this trend many insurance companies introduced the small employer group plan for business owners. These plans are actually so much beneficial that they do not only provide the affordable health care benefits to the employees but also help business owners to retain their employees. The employers offer the small employer group plans as a part of the benefits package for their employees. For a small business the employer or organizations have special terms. There are some benefits that small businesses do not require but larger employers have to include in their health benefits package. It is not necessary that employers have to offer care insurance and also they do not have to put money to pay for premiums. However there are some health insurance companies that compel some employers to pay half of the premium of the premiums for their employees.

To be really effective the small employer group plan should provide the extensive and inexpensive facilities of health care without putting a lot of pressure on the budget of employees. So the most health insurance companies provide 3 types of the health plans. First type of small employer group plan is meant for the employees who work on a part time or hourly basis. This provides coverage options for the necessary examination on a general or a limited basis. The second plan of small employer group plan is designed to cover the full time employees whether they are salaried or not. The third type of small employer group plan is meant for the employees who are more specific about their health care requirements. These above mentioned healthier people who do not regularly visit a doctor prefer the third plan.

How to Get Medical Care Without a Formal Health Plan

As costs for medical treatment skyrocket and more Americans are without health insurance than ever before, many people are left wondering what they are going to do when they need medical care and have no plan. If you are someone without health insurance and are in need of medical treatment, here is a brief guide to help you though this difficult time.

5 Ways To Get Medical Treatment Without Formal Insurance:

1) Enroll in a discount health plan. Depending on what you’re budget is and what your medical needs are, there are plenty of medical health plans that aren’t formal insurance. These are great because they have no pre-existing condition requirements, no benefit caps, and you don’t have to worry about submitting complicated claim forms–you get a discount when you present your discount health plan card. In addition, many discount medical health plans are accepted by a wide-variety of physicians. A good discount medical plan provider will have a searchable database for physicians in your area.

2) Search for independent doctor’s offices in your area. These doctors are independent from corporations and run a private facility. A key attribute to look for in these types of healthcare providers is a well-received reputation in the community. These types of doctors are generally, easier to find in smaller cities. Also, when you’re calling to make an appointment, be sure to clearly state that you have no insurance and have little money. If you have a discount medical plan like the aforementioned, be sure to inquire if they accept it.

3) Find local schools or medical learning centers. These institutions often offer greatly discounted treatments by students.

4) If you’re concerned about treatment in the event of an emergency, you should look into the EMTALA or the Emergency Medical Treatment and Labor Act. If you were recently laid-off from a job where you and/or your family had medical health plans you can be entitled to coverage from your insurer. Specifically, the act states that insurance companies provide insurance for laid-off individuals at a reduced rate if they were enrolled in a plan through their previous employer.

5) If you decide to go the emergency room for your ailment, without insurance or a discount health plan, go to the hospital billing office after you’re released. Under some circumstances, you may be able to have your bill waived if you have no job or no way to feasibly pay the health care costs.

All in all, don’t give up on finding medical care and remember that a discount health plan is much better than nothing. If you truly need to see a healthcare professional, don’t wait. Your illness may continue to get worse and in turn, cost more to treat. On the other side of the coin, make sure you’re truly sick before you go out and spend money on a doctor. Wait out common cold and flu symptoms and treat them at home, unless they last for more than 2 weeks.

Low Cost Health Plan Quote – Health Insurance Plan POS

If you are looking for a health plan quote, be sure you check out the choices to compare plans because different providers offer varying benefits, therefore it’s up to you to pick the one that functions for you depending on requirements.

If it’s affordable medical coverage you are looking for, for example, you may try HMO, which gives relatively low-cost health plans. Or you can choose PPO, that is like HMO as there is a scroll of doctors and hospitals which the provider recommends. However as opposed to HMO, you can pick a healthcare company not on the list, though you will have to pay an extra fee. And, naturally there’s HSA, which offers the lowest-cost health plans, as it delivers in conjunction with the high deductible health insurance plan.

Going online works!

Given the ever increasing influence of the Internet, every major provider offers health plan quotes onlint, thus finding the perfect plan for you is much more convenient. Also you can usually fill in forms online, making your legwork is reduced to a minimum.

But remember

No matter how tempting the health plan quotes, you need to be hard-headed and figure out a couple of things. For instance, you must be wary of health plans that promise total coverage because there’s no such thing, really. Be very aware of the deductible cost as usually the lower the quote, the more the deductible will be.

Thus check out the small print to find out exactly what all the costs are, as well as whether the health plan is complete enough to cover other members of your family, and whether it covers for different sorts of medical examinations.

Beyond basics

You also need to find out whether specialist care and referrals are covered. What would happen if of an emergency and if you need immediate hospitalization? Will the health plan cover all prescription drugs?

High Deductible Health Plan – How to Make It Even More Affordable

If you have not realized this yet, a high deductible health plan can save you a lot of money per month on your insurance premiums. Your deductible is the amount of money that you pay when you have to file a claim on your health insurance. It can be set at different rates that will subsequently determine what your monthly payments will be. The higher the deductible the lower the premiums will be. There are other things you can do with your insurance plan though to save yourself even more money each month. Here is a look at just a few suggestions you may take into consideration.

One way that you can further save money on your health insurance is by only getting the amount of coverage that you actually need. If you are not at risk for using your health insurance much in the future, just get a minimalistic plan. That will still give you a cushion in case an emergency comes up, but it will save you from having to pay a lot of money each month, you may never get anything out of it. Go over what your current limits are and see if you could lower them to a more logical amount of coverage.

Bundling is another great way to save money on an insurance plan. You can combine your high deductible health plan with other forms of insurance that you need, and then you can save money on each policy you have. Basically you will get a reduced rate for your insurance by bringing in more business for your insurance provider. You could also bundle the health plans for various members of your family and save money that way. Come up with a package deal through your health insurance provider and see what kind of money you could save.

Since your health risks are part of the determining factors for your health insurance premiums, you should work on getting your body in the best shape it can be in. Then you could have your case reevaluated to determine if there are any savings available to you. You may still be paying more than you have to for your high deductible health plan if you have lost weight or gotten a cure for a condition that put you at risk before. If you discuss your different savings options with your health insurance agent, you should get an idea of how much you can reduce your costs each month.

Altius Health Plans – Quality Plans, Customer Service, and Provider Choice

Altius Health Plans is one of the most customer-friendly health insurance companies in Utah.

Customer Service

Ever since Altius entered the Utah health insurance market, they have taken pride in their attention to customer service. Many Utah residents that have Altius health insurance through their work, insist on continuing with Altius once they leave their place of employment.

Plans & Maternity

Altius has had and continues to have competitive priced plans that are rich in benefits. Altius won’t likely be the right company for you if you plan on having a baby in the near future, as their maternity deductible is one of the highest in Utah.

Stability

However Altius Health Plans boasts a large doctor network and the large independent HCA hospital network. They have done a great job managing health insurance rates and keeping them at a reasonable level. Altius Health Plans has a variety of plans ranging from those that cover office visits and prescriptions before the deductible to major medical plans with high deductible that allow the use of health savings accounts. Altius has excellent financial backing and has shown that they are in Utah to stay.

Value-Added Bonus’

One thing that Altius does that no other Utah insurance company does is they offer a dental discount plan to each one of their members who have a health insurance plan. This allows their members to receive dental services at a reduced price if they use preferred providers. On top of that, each member receives discounts on a variety of other services, such as eye wear and other health-related services.

The Need For a Discount Health Plan

Are you in search of an affordable health insurance? Then you must learn the difference between a health insurance plan and a discount health plan. Many insurance companies give away discount health plan to people looking for healthcare provisions. This plan promises to save the subscriber’s money by giving discounts on hospital stays, physician visits, dental work, prescription drugs, ear check ups, eye treatment and other facilities in exchange of only a monthly fee.

The use of discount health plan is spreading faster everyday as most of them offer incredible money saving advantages for people who do not have any kind of health insurance. However this plan should not be mistaken for a health insurance. This plan will give you concessions on services that you avail of but not get you anything without pay.

Be careful about how much you pay for a discount health plan because due to its increasing popularity, the chances of fraud in this sphere are also high. The advertisements for many discount plans seem as though real insurance is being sold and along with that highly overestimated promises regarding benefits and savings might also be made which might lead you to purchasing the plan for a higher price than that you really ought to pay.

Thus there are a few important things you should know. Do not give up on any health coverage hoping to get better from a discount health plan as this plan will not cover most of what an insurance policy is bound to. The facilities you get on a plan are less dependent than the facilities you get in insurance so think again before giving up your insurance for a plan. There are many such disadvantages, which you might not be wary of, but need to know before opting for a discount heath plan so do your homework well.

Insurance Health Plans – The Recession Factor

Insurance health plans in America continue as one of the most frequently talked about subject these days, and as a new administration takes office its a sure bet the conversation will pick up. With health care cost going through the roof most families find themselves stretched to the breaking point trying to find an affordable health care plans. The recession is having a greater affect on most companies health care.

Any company manager or owner will tell you in a heart beat their employee health plan cost continues to grow out of control for both the company and the employee. Many companies large and small now require more employees to accept more of the burden of  primary health care for their families.  This can range from forcing more company employees to choose high deductible health plans or sky-high health insurance premiums.

The choices between high deductibles or high premiums is a tough choice to make for many families when it comes to choosing insurance health plans.  Most families have to make the same choice when it comes to insurance prescription plans. The cost of  medical prescription drugs helps to push the cost of medical care higher each year. Why? Because the cost of research, development and  marketing passes on to the end consumer.

The prescription insurance is a fast growing slice of the consumer health insurance industry as people seek relief from higher cost of medical prescription drugs. Still many people fight the higher cost by going across the border, mainly Canada and Mexico, to find cheaper pharmaceuticals. This has fueled another debate whether  these drugs are of the quality, potency or as safe as the higher cost American distributed pharmaceuticals.

Yes, the current recession is affecting banking, housing but most importantly it’s affecting the affordable health care plans.  Affordable health care plans is quickly becoming an oxymoron. Insurance health plans will have to adjust to current  consumer health insurance needs to stay useful in the coming years.

Advantages and Disadvantages of Point-of-Service Health Plans

Point-of-Service (POS) plans are one of the many health insurance options available to you and your family. A unique type of health plan, POS plans can be considered a hybrid of HMO and PPO plans. POS plans contain some characteristics of each of these, which some people may find advantageous. Below is a rundown of the advantages and disadvantages of a POS plan compared to other plans.

Advantages of a POS Plan

  • No deductible. One of the most obvious advantages of a POS plan is its lack of deductibles for physicians in your network. This means that you do not have to make any payments towards your medical expenses on your own before your insurance begins to reimburse you. PPOs, on the other hand, have deductibles.
  • Low co-payments. POS plans have lower co-pays than PPOs. When you have a medical expense, you will only have to pay for a small portion of it as a co-pay, and your POS plan will cover the remainder of the cost.
  • More choices and freedom to choose. Unlike HMOs, POS plans provide partial coverage even for doctors that are not within your network. This means that if you are not satisfied with the choices available in your network for a certain medical treatment, you can see a doctor out of network and still have some coverage.

Disadvantages of a POS Plan

  • Under a POS plan, you must choose a primary care provider (PCP). This physician serves as your primary doctor for all medical needs. He or she can refer you to specialists in your network if you have a specific health concern. In order for a doctor’s visit to be covered as an in-network visit, you must go through your PCP to see a specialist.
  • If you visit an out-of-network physician, your only have limited coverage. You must pay a deductible and higher co-payments than you would with in-network physicians.

Choosing the Right Health Insurance Plan

If you are happy with the doctors that are in your network and do not mind having one primary care provider that you must go through to receive coverage, then a POS plan may be ideal for you. Often a PCP or the specialists he or she refers you to can cover all common medical needs. However, if you have unique medical conditions that will require you to frequently visit doctors outside of the POS network, you may be better off finding a plan that covers you with those doctors instead.

The greater choice and freedom of doctors, lower co-payments, and zero deductible for in-network physicians make the POS an attractive option that you may want to consider. For more information on POS health insurance plans and other options that are available to you, please visit the website of Texas health insurance company Option 1 Health here.