36 A coordinated stream lined way to provide health insurance coverage, individual health care savings account, solution to pay high deductibles, promote preventive health care and reduce/eliminate medical billings with special MANAGED CHOICES debit card Managed Choices is an innovative service that offers possible solution to our escalating health care costs by initiating a fundamental change in the way health care insurance is offered to employees in the public and private sector employments or to those who are 'uninsured' Instead of purchasing the traditional health insurances, the Managed Choices program will offer a fully coordinated service with the following advantages-- It gives control of the health care dollars to those who are directly involved with their health care Individuals will have complete freedom to choose their doctors and health care providers The whole process of billing and collection, delays, denials etc that consumes so much time and money will be replaced by a special 'Managed Choices Debit card' that can only be used in approved health care facilities and participating doctor's offices The health service utilization and expenses will be closely managed for 'big ticket' items (ie waste or fraud; expensive tests; surgeries; hospital admissions etc) Preventive health care will be promoted Best of all, the participants will have saved money in their personal health care accounts by the end of the health insurance premium year that can continue to accumulate year after year until they really need these dollars How will Managed Choices work The average annual outlay for health insurance premiums are $ 9000/family and about $5000/person The plan will manage these funds in the following way-- Account A-- Purchase high deductible (anywhere from $500-$5000 or more) insurance (these will be individualized based upon age and risk factors); Account B-I-- Savings account of various amounts, ranging from $1000 and more Account B-II-- Reserves to provide "loan" to members with unexpected high medical expenses to cover their deductibles Account C-- Individual health expenditure accounts of $1,000 per family to assure they go to the doctor for regular preventive checkups (pays doctor's fee; lab tests; x-rays; 'Paps', mammograms etc) Out of pocket expenses-- Each member will continue to pay the usual out of pocket expenses as an additional part of the Account C These may include 'co-pays' Thus, each person will be expected to spend approximately $750 to $1,000 each year, but there will be no extra hassle of collecting and accounting of co-pays
Trademark: 78223005
