| GBA to Launch a New Approach of Consumer Driven Health Insurance for Small Business |
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The movement towards consumer driven healthcare is taking place because of 3 major market trends converging: 1) Rapidly increasing premiums for traditional health insurance 2) Managed care companies keep increasing co-pays, deductibles, out-of-pocket expenses and specialist referrals constraints. 3) Information rapidly found in the internet and direct-to-consumer advertising increases health care consumerism. Most CDHC plans brake into 4 tiers. The first tier has a tax-exempt account (i.e. H.S.A) to help pay for healthcare expenses. The second tier is the preventive care expenses for routine yearly checkups and screening. The third tier is the out-of-pocket expense between the maximum deductible needed to cover expenses and the amount in the tax-exempt account. Finally the fourth tier is the allowable health expenses for the year that go above the deductible of the paired up high deductible health insurance. ConsumerDrivenHealthCare.us makes the following positive arguments towards CDHCs: “When the CDHC high-deductible insurance offers generous coverage above the deductible and the traditional health plan has an open-ended copay, then people with chronic health conditions and high health care costs may wind up paying less under the CDHC plan.” They go on to say: “Good CDHPs provide special support and separate funding for health care to prevent future illness -- such as yearly checkups and screening tests” and “CDHC is better for employees than no health benefits at all. It is also better for employees than high out-of-pocket expenses under a traditional health plan -- which does not offer employees as much flexibility, control over their health expenses, or financial reward for health management." An argument against CDHC is that it is too complicated for consumers to understand but according to ConsumerDrivenHealthCare.us “If no one makes cost vs. benefit decisions, then premiums skyrocket. If the consumer is not involved in these decisions, then that leaves providers (uneasy with their mixed role), employers (often caught in the middle and frustrated), health plans (subject to anti-managed care backlash), or the government. People decide on education, legal services, housing, clothing, food, etc. If people are given the proper tools and education, they can decide on health care as well.” At Group Benefit Agency, analysis, design and implementation of each group health care program to the specifications of an individual business is performed. This includes the health care insurance, wellness program and in-house out-of-the-box exercise equipment especially designed to fit into the small business environment for companies with 3 to 100 employees. There is a provision of year-round service for insurance administration and annual market analysis. Wellness coaches provide an easy wellness implementation and help speed up the wellness transformation. Implementation of new programs and plans take 16 – 30 days from beginning to end. Implementation of existing group insurance plans switched to Group Benefit Agency, take place within a day or less by licensed insurance service representatives. This makes it possible for businesses to begin taking advantage of the group health administration within 24 hours. Available nationwide and fully web-based with multi-channel customer representative communication available, Group Benefit Agency is at your disposal. Executives have been in the employee benefits business since 1993 and have knowledge and expertise in the group healthcare market. For more information, e-mail us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , click here to request a quote, or click here to request we service your account at no cost to you, you can also call us at 305-253-0045 option #2 Add this page to your favorite Social Bookmarking websites        
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Discover the strategies that will transform your sleepy old Group Health Care Insurance plan into a cost savings and employee performance machine! 
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