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Fixing the Healthcare Plan

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Submitted By thicks13
Words 910
Pages 4
Travis Hicks
Benefits Administration
Fixing the Health Care Plan Health care is an asset that is vital for everyone to have in today’s society. Not having health coverage could bring financial drain or ruin to someone who has become ill. Let alone, if you want insurance later, you may not be able to get coverage due to past and current health situations. Also, you may have to pay a higher premium even if you were approved for coverage due to those past and present conditions. Statistically, you are at a higher risk of dying when you do not possess health coverage. With that being said, Wolfman’s employees understand the importance of the health coverage that they possess through their employer. It is important that I help the employer takes the appropriate steps to ensure that the employees will accept the newly designed insurance program and approve of its initiatives. The biggest area of focus is to provide Wolfman’s with a more affordable health care premium while ensuring that the employees will retain an adequate amount of health care coverage. After observing the current plan that is in place, it looks as if Wolfman’s currently uses a fee-for-service method of coverage. It is common that once a deductible is met, the fee-for-service plan will pay a percentage of the bill, usually %80 percent, and you will pay for the other %20 percent. Under a fee-for-service method, doctors and hospitals will get paid for each service that they perform. There are no limitations on the doctor’s treatment decisions, and the doctors or hospitals can order as many tests as they feel necessary. This system provides the hospitals and doctors a lot of money because they can decide upon prices, and patients don’t always reap the benefits because the insurance company is only going to pay a certain percentage of the fees being charged. Few organizations are

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