Navigation Links
Leader in Health Plan Cost Containment Cites Three Economy-Driven Reasons Why Self-Insured Health Plans Should Brace for Claim Increases and Fund Reserves Accordingly
Date:3/18/2009

elves and their dependents that might otherwise be postponed or ignored," he added.

"The third reason why claim costs for thousands of self-insured employers might be unexpectedly high is a COBRA provision in the new Federal Stimulus," Niehus said. "As part of the Stimulus, the Federal Government will provide a temporary 65% subsidy for COBRA continuation premiums for up to nine months for workers (and their families) who fall within certain income thresholds and who have been or will be involuntarily terminated on or after September 1, 2008 and before January 1, 2010. COBRA premiums are permitted to be set at 102% of plan costs and can be changed once a year," she added.

Niehus went on to explain that it is possible that average costs for COBRA participants can exceed the plan average, particularly if participants who elect COBRA coverage have significant medical concerns. In that event, the self-insured plan may have to subsidize COBRA members, resulting in increased costs.

Niehus urges plan sponsors to get sound actuarial advice in setting COBRA rates, and to consider all factors affecting average costs, including those listed above.

Putting the need to monitor costs in perspective, McSweeney offered the illustration of a company with 2,000 covered people, a15 percent increase in claim expense in 2009 and an underfunded reserve. "The additional expense could reach into in the millions of dollars," he explained.

"Today, the only 100 percent effective way to set or adjust claim budgets and reserve requirements is to analyze claims from a financial versus clinical perspective on a rolling, quarter-to-quarter basis, so you can catch a problem in its early stages," McSweeney concluded.

www.hdminc.com


'/>"/>
SOURCE Healthcare Data Management, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Des Moines-Area Optometrists Partner With Sens. Harkin and Grassley; U.S. House Leaders in Improving Infant Eye and Vision Care
2. MorseLife Launches Learning Institute to Teach Best Practices in Leadership, Healthcare and Kosher Culinary
3. Leader in Ear Care Health Category Expands Product Line
4. No Bailout Needed: Long Term Care Insurance Leader Declares Dividend, Plans Strong 2009 Growth
5. Access MediQuip Launches New Brand to Reflect Companys Leadership and Innovation in Healthcare
6. Faith Leaders Call on Iowa Members of Congress to Support Legislation to Protect Kids from Tobacco
7. Englewood Hospital Marks 15 Years of Leadership in Improving Patient Outcomes Through Bloodless Medicine and Surgery
8. Global Leader in Information Technology Services and Business Solutions Signs Long-Term Agreement with PureWellness
9. University of Maryland Business School Continues Executive Education Leadership With Maryland State Medical Society Partnership
10. BancTec Provides Thought Leadership at 7th Annual Medical Banking Institute
11. HEROES Grants, Education Guide Support Youth Leaders Addressing Childhood Obesity Epidemic
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2014)... Albany, New York (PRWEB) August 28, 2014 ... is currently perceived with great interest among other healthcare ... due to the high demand in vaccine with respect ... also highly in demand due to an improved understanding ... individuals across the United States. It has led to ...
(Date:8/28/2014)... Port Washington, New York (PRWEB) August 28, 2014 ... law firm that has spent many years fighting to ... comments that the decision to provide coverage to WTC ... report released by the U.S. Government Accountability Office (GAO). ... Watch on August 25th, the report is entitled ...
(Date:8/28/2014)... AZ (PRWEB) August 28, 2014 Hastings ... that has been providing quality accident attorney services and ... The firm is proud to announce that it has ... settlement that has been valued at over half of ... and Hastings provides genuine discount attorney's fees that result ...
(Date:8/28/2014)... (HealthDay News) -- Having greater amounts of yellow pigment ... distant objects in hazy conditions, a new study reports. ... simulated hazy conditions in order to test the distance ... (also called macular pigment) in their eyes. The ... represents accumulations of the nutrients lutein and zeaxanthin, according ...
(Date:8/28/2014)... Genetic testing for multiple diseases and ... large reference laboratories as well as smaller providers ... to the genetic variants analyzed, the methods used, ... find the most appropriate laboratory providers for their ... these differences, Hayes, Inc. has added GTE Laboratory ...
Breaking Medicine News(10 mins):Health News:U.S. Vaccine Market: Opportunities and Threats by Transparency Market Research 2Health News:U.S. Vaccine Market: Opportunities and Threats by Transparency Market Research 3Health News:GAO Report Reaffirms Decision to Add Cancers to List of Illnesses Covered under the Zadroga Act, Parker Waichman LLP Comments 2Health News:GAO Report Reaffirms Decision to Add Cancers to List of Illnesses Covered under the Zadroga Act, Parker Waichman LLP Comments 3Health News:Hastings and Hastings Is Pleased To Report Having Saved A Client $23,400 On Settlement Of $540,000 2Health News:Hastings and Hastings Is Pleased To Report Having Saved A Client $23,400 On Settlement Of $540,000 3Health News:Eye Pigment May Help Vision in Hazy Conditions 2Health News:Hayes, Inc. Unveils Laboratory Comparison Tables for GTE Clients 2
... News) -- The time between the start of substance abuse ... than for women, a U.S. government report shows. Researchers ... the first time last year and found that the average ... were primarily being treated for was 15.6 years. The ...
... -- Medical researchers are demonstrating that Office of Naval ... mines can help doctors identify and classify cancer-related cells. ... professor at Duke University and developer of the technology. ... The problem that physicians encounter in analyzing images ...
... By Denise Mann HealthDay Reporter , THURSDAY, Oct. ... likely to cause skin cancer than previously believed. New research ... suggests that the main type of ultraviolet rays used in ... of skin that is most vulnerable to the cancer-causing changes caused ...
... Thomas Jefferson University biochemistry researchers have shown for the ... hormone doesn,t activate and repress genes as once thought. In ... a heme-binding receptor to repress the same genes during the ... the last 20 years, the nuclear receptor known as EcR/Usp ...
... Oct. 6 (HealthDay News) -- As many as one-third of Medicare ... of their life, a new Harvard study finds. But ... a tricky one that can only be decided by the doctor, ... medical director at the American College of Surgeons. Nor is ...
... Where you live could play a larger role in ... study by researchers from the Johns Hopkins Bloomberg School ... low-income neighborhood in Baltimore, Maryland and found that, with ... diabetes, obesity among women and use of health services ...
Cached Medicine News:Health News:Mine-hunting software helping doctors to identify rare cells in human cancer 2Health News:Tanning Beds May Be Even Riskier Than Thought 2Health News:Tanning Beds May Be Even Riskier Than Thought 3Health News:Nuclear receptors battle it out during metamorphosis in new fruit fly model 2Health News:Many Medicare Patients Get Surgeries in Last Year of Life: Study 2Health News:Place, not race, may be a larger determinant of health disparities 2
(Date:8/28/2014)... 28, 2014 Reportlinker.com announces ... is available in its catalogue: ... Broadened Diagnostic Criteria and Growing Adult ... Patent Expirations ... to 2020 - Broadened Diagnostic Criteria ...
(Date:8/28/2014)... --  RapidForce , an innovative muscle support and pain ... professional tennis player John Isner . Currently the ... competitions to help with knee support. He is wearing ... US Open Tennis Championships. Fifteen times ... a revolutionary hybrid of a brace and kinesiology tape. ...
(Date:8/28/2014)... , Aug. 28, 2014 The Leukemia ... a partnership to advance an experimental cancer vaccine ... an asymptomatic stage of myeloma. The ... through which LLS forges collaborations with biotechnology companies ... OncoPep is developing a vaccine, PVX-410, ...
Breaking Medicine Technology:ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 2ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 3ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 4ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 5ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 6ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 7ADHD Therapeutics to 2020 - Broadened Diagnostic Criteria and Growing Adult Prevalence to Drive Market Growth despite Patent Expirations 8America's top-ranked tennis player John Isner Joins Forces with RAPIDFORCE Physio Hybrid Shapes 2America's top-ranked tennis player John Isner Joins Forces with RAPIDFORCE Physio Hybrid Shapes 3America's top-ranked tennis player John Isner Joins Forces with RAPIDFORCE Physio Hybrid Shapes 4The Leukemia & Lymphoma Society Provides Equity Financing to OncoPep to Support Clinical Trial for Myeloma Vaccine 2
... Jan. 25, 2011 Mylan Inc. (Nasdaq: MYL ... agreement with Pfizer Inc. resolving litigation related to Caduet® Tablets, ... mg, 5 mg/20 mg, 5 mg/40 mg, 5 mg/80 mg, ... 10 mg/80 mg, known generically as Amlodipine Besylate/Atorvastatin Calcium Tablets. ...
... 2011 eCareSoft recently launched eCS Inpatient EHR V1.2 ... for small and medium hospitals. eCS,s uniqueness is the ... management systems into a single web-based software solution. The ... reduced costs and simplified deployment. "eCS is ...
Cached Medicine Technology:Mylan Announces Caduet® Settlement Agreement 2eCareSoft Launches Comprehensive EHR for Small & Medium Hospitals 2
... The Isoseeds I-125 are brachytherapy sources which ... of localized tumors, especially in the prostate. ... the conclusion of the therapeutic effect, i.e. ... are intended for single use. They are ...
... Four 64 mirrors for complete ... lens rotation. Directly hand held for ... or small holding ring. Small diameter ... gonioscopy without methylcellulose. Advanced technology, multi-layer ...
... Three mirrors of 64, ... small diameter contact surface for ... can be viewed through the ... Multi-layer polymer coating protects mirrors ...
West lacrimal cannula blunt tip with side port....
Medicine Products: