[Fredslist] promotion-Health Insurance. HELP- Employers

[Howard W. Bersch]

Benefit Changes that Can Reduce Insurance Costs

 

Employers---A little insight can save you a lot of money.

 

In-Network Deductible:

       This will not apply to doctor's office visits.

 

In-Network Coinsurance:

       Split the doctor's office visit copay so there is a higher cost to
see a specialist. This is a simple way to remind employees that a specialist
costs more than a primary care physician.

 

Hospital Copay:

Since most employees don't go to the hospital, why pay for first dollar
coverage for this benefit?

       Think about reimbursing employees for this expense from the savings
this change in coverage.

 

Rx:

       How prescriptions are covered has a big impact on the cost of a plan.
Here are several ways to reduce this expense:

       Add an annual deductible.

       Increase copays.

       Have a copay for generic drugs and a percent reimbursement for all
other drugs.

       Remind employees that they can be reimbursed for over-the-counter
drugs through a flexible spending account.

 

Next week:

 Some things to review before deciding on a health insurance plan.

 

TAKE CARE OF TOMORROW TODAY

 

For more information please call: 201 567 3236

Howard W. Bersch, Independent Insurance Broker

 <mailto:Howard at hwbinurance.com> Howard at hwbinsurance.com

 
February 23, 2007

 
Howard W. Bersch
tel. 201 567-3236
fax 201 567-6210
email- howard at hwbinsurance.com
Take Care of Tomorrow Today
 
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