Choosing Healthcare Plans - Business Deck

Post on 21-Mar-2017

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Transcript of Choosing Healthcare Plans - Business Deck

Choosing Healthcare

InsuranceWhich healthcare plan is best in value

for our employees?

Best Plan

Executive Summary

Central Health – PPO Open Access is the best insurance plan for our employees.

PPO Plans are best suited to the needs of our employees.

A lot of open access insurance is requested by our employees.

Industry wide price increase of 15% this year in insurance premiums.

Central HealthPPO Open

Access

Healthcare Plan Decision

Most of the healthcare plans increased their premium by 15% over the last year prices.

The price increase is due to the insurance law changes in the country this year.

Every year, we do our best to provide our employees with the best healthcare insurance policy.

Types of Healthcare PlanHMO – Health Maintenance Organization

Services through one primary care physician

PPO – Preferred Provider OrganizationServices through any physician but in-network results in minimum co-pays

Open AccessService through any healthcare provider but higher co-pays

Others ( HDHP, HAS, HealthSavings, etc)

PPO is best suited for us.Our employees get the most benefit with a PPO Plan.They can choose from the network of doctors provided by the insurance company to ensure low co-pays.They can choose any healthcare provider other than the network for a slightly higher co-pay.They get both Flexibility and Coverage.

PPO optionsRedCare -PPO

Central Health -PPO Value

Central Health -PPO High

Central Health -PPO Open Access

Cantro -PPO

Liberty Health -PPO

Central Health has the biggest network of

healthcare providers.

PPO Comparison

RedCare -PPO Central Health -PPO Value

Central Health -PPO High

Central Health -PPO Open Access

Cantro -PPO Liberty Health -PPO

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

$160.00

$180.00

$200.00

$220.00

158.00

Last YearCurrent Year

This Plan provides both plans PPO with Open Access.

(Benefits of two plan at less cost)$158 per year

Central Health(PPO Open Access)

These are the policy order details.Company: CENTRAL HEALTHPlan Name: PPO Open AccessPremium Price: $ 158.00 per policyTotal Amount: $158 x 300 employees

= $ 47,400(Forty Seven Thousand and Four Hundred Dollars Only)

For details Contact:Nitish Bhardwaj

Employee Care OfficerGreat Company Inc.

Canada

Action to be taken by Head Office

Send Employee Details with payment of $47400 to

Central Health Insurance