Explain the Health Insurance Plans.
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Paper instructions;
Create one Word documents containing all parts of the assignment.
Format your document with one-inch margins and 12-point Times New Roman font.
One page, double-spaced for each part.
Instructions: Part 1
1. Read the scenario below:
It is time to renew the annual health insurance policy for employee coverage in the medical practice where you serve as administrator. The plan for the past three years has been a Blue Cross Indemnity Plan, a plan with great benefits that the employees like. The practice covers 80% of the premium regardless if it is for employee only, employee and spouse, or family.
The practice also offers:
A Prescription plan which covers brand name/first generation medications, dental plan through Delta Dental (nominal cost), and vision plan through VSP (nominal cost)
Currently 60 employees including the doctors are covered. Of these, 30 have family coverage, 20 employee/spouse, and 10 single coverage.
For the past three years, the premium costs to the practice have gone up by 12%, 13.5%, and 15%.
While the doctors want to continue to provide health insurance coverage for their employees, they have clearly stated that they cannot afford another double digit increase this year.
You have meetings lined up with sales reps from Blue Cross, Aetna, United, and Cigna.
2 . Write the answer to the following question:
What will be your strategy and approach to provide the most comprehensive coverage possible, while maintaining a single digit increase this year?….(use concepts and types of health plans we discussed in class).
Discuss the various types of plans available, and what you might do to restructure the plan, benefits, and out of pockets costs (premium resposnbility, co-pays, deductibles, co-insurance ) for the employees? Address health isneruance, pharmacy, dental, and vision options
Instructions: Part 2
1 . Provide a real-life example of in writing of your personal experience with health insurance coverage, either directly or indirectly. Include answers to the following questions:
Which private company/government entity provided the coverage?
What were the positive and negative in working with the plan?
If you had to make a suggestion regarding your experience to the health plan’s CEO, what would it be?
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