Question

In: Operations Management

how do you provide effective medical benefits while also controlling the cost?(about individual health insurance)

how do you provide effective medical benefits while also controlling the cost?(about individual health insurance)

Solutions

Expert Solution

Effective medical benefits are provided basically by government with financial support from hopsital chains and also through direct frun from government side. Also the mployers also provided medical coverage to their employers. Health is wealth. By keeping this success mantra in every aspect the money spend on medical benefit will give in return through good health and productivity of an individual which inturn give more financial benefit to the economy. The individual health benefit plans also become benefit during any treatment time whee the individual can make use of the coverage and save money for the treatment or any sort of illness, operations or accident. It protec the individual from spending lot of money for that and it will; get covered from the benefit of insurance through the premium the person paid according to the plans.


Related Solutions

how do you provide effective medical benefits while also controlling the cost?(about individual health insurance)
how do you provide effective medical benefits while also controlling the cost?(about individual health insurance)
How would you suggest the United States reduce the cost of medical health insurance? Why do...
How would you suggest the United States reduce the cost of medical health insurance? Why do you think the United States has not adopted the approach to health care as Canada, France, and much of the developed world?
Compare and contrast group health insurance and individual health insurance. Provide examples to illustrate how these...
Compare and contrast group health insurance and individual health insurance. Provide examples to illustrate how these coverage plans are similar and how they are different.
Provide a thorough comparison of the “cost-controlling” health insurance plans. Clearly identify the advantages and disadvantages...
Provide a thorough comparison of the “cost-controlling” health insurance plans. Clearly identify the advantages and disadvantages of each system for patients and health care providers.
Provide valuable thought about controlling health hazards in construction industry such as controlling the spread of...
Provide valuable thought about controlling health hazards in construction industry such as controlling the spread of viruses and diseases like Coronavirus disease in construction industry and answer following related points: 1- What are management's roles, actions and strategy that should be? 2- What kind of new, modern or advanced trainings that should be introduced for controlling this hazard? 3- What is the effect of these epidemics on the insurances of construction companies? 4- How can construction companies play control role...
Discuss the reasons that employers provide their employees benefits (health insurance, life insurance, pension benefits) in...
Discuss the reasons that employers provide their employees benefits (health insurance, life insurance, pension benefits) in addition to monetary compensation.
Do you think it is easy to purchase health insurance and do you think the cost...
Do you think it is easy to purchase health insurance and do you think the cost is too high for some lower income families?
Medical coding and billing is a significant element that benefits; health insurance companies, healthcare providers and...
Medical coding and billing is a significant element that benefits; health insurance companies, healthcare providers and institutions, patients, and public health. Explore the benefits of these four areas.
Benefits Plus is health insurance company that pays medical and hospital claims of the policy holders....
Benefits Plus is health insurance company that pays medical and hospital claims of the policy holders. In order to have their claims processed, policy holders must submit a claim form. All claims are either mailed or presented in person to Benefits Plus' Claims Processing Department. Claims forms are first checked by claims screening clerks and any incomplete forms are returned to the claimant for completion. Details of those incomplete forms which are returned by mail are first entered in a...
Benefits Plus is health insurance company that pays medical and hospital claims of the policy holders....
Benefits Plus is health insurance company that pays medical and hospital claims of the policy holders. In order to have policyholder’s claims processed, policy holders must submit a claim form. All claims are either mailed or presented in person to Benefits Plus' Claims Processing Department. Claims forms are first checked by Claims Screening Clerks and any incomplete forms are returned to the claimant (policyholder) for completion. Details of those incomplete forms which are returned to the policy holder are first...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT