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Choosing Healthcare Plans - Business Deck


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Business Deck

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Choosing Healthcare Plans - Business Deck

  1. 1. 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 Health PPO Open Access
  2. 2. 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.
  3. 3. Types of Healthcare Plan HMO – Health Maintenance Organization Services through one primary care physician PPO – Preferred Provider Organization Services through any physician but in-network results in minimum co-pays Open Access Service through any healthcare provider but higher co-pays Others ( HDHP, HAS, HealthSavings, etc)
  4. 4. 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.
  5. 5. PPO options RedCare -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.
  6. 6. PPO Comparison 158.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 $220.00 RedCare -PPO Central Health - PPO Value Central Health - PPO High Central Health - PPO Open Access Cantro -PPO Liberty Health - PPO Last Year Current Year This Plan provides both plans PPO with Open Access. (Benefits of two plan at less cost) $158 per year
  7. 7. Central Health(PPO Open Access) These are the policy order details. Company: CENTRAL HEALTH Plan Name: PPO Open Access Premium Price: $ 158.00 per policy Total Amount: $158 x 300 employees = $ 47,400 (Forty Seven Thousand and Four Hundred Dollars Only)
  8. 8. For details Contact: Nitish Bhardwaj Employee Care Officer Great Company Inc. Canada Action to be taken by Head Office Send Employee Details with payment of $47400 to Central Health Insurance