This page contains a Flash digital edition of a book.
»


OPERATIONS MANAGEMENT


LIMITED BENEFIT BY GARY SHAPIRO


SENIOR VICE PRESIDENT, WEISBURGER INSURANCE BROKERAGE


L


imited Benefit Medical plans have become a fast growing alternative to traditional medical plans because they provide a cost effective way


to enhance an employee benefits program by packag- ing only the most desired and well-utilized medical benefits into one affordable plan. Due to the high cost of offering traditional medi-


cal insurance, Limited Benefit Medical plans have become increasingly popular in recent months among employers seeking an alternate means of delivering broad and affordable coverage for those who may not have access to customary benefits and for those who want to supplement other insurance coverages.


Limited Benefit Medical plans give employers the ability to provide their employees with cost-efficient access to a wide array of first dollar accident and sickness coverages


Limited Benefit Medical plans give employ-


ers the ability to provide their employees with cost-efficient access to a wide array of first dollar accident and sickness coverages, including specified benefits for emergency room visits, health screen- ings, in-hospital indemnity benefits, doctors office visits, ambulance and other hospital related care. These benefits are paid to the insured or provider, independent of actual medical costs and regard- less of other insurance. In addition, some Limited Benefit plans include a fully insured vision benefit and lump sum critical illness benefits.


30 PESTWORLD MARCH/APRIL 2011


MEDICAL PLANS: A WIN/WINSOLUTION FOR PEST CONTROL OPERATORS AND THEIR EMPLOYEES


Who Can Benefit from Limited Benefit Medical Plans? Limited Benefit Medical plans offer companies, such as restaurants, hotels, staffing agencies, nursing homes and hourly workers from many other industries an affordable means to help cover contractors, sole pro-


prietors, or groups with employees of any size: ■ who may not have access to comprehensive medical insurance.


■ who may not be able to afford comprehensive medical insurance.


■ who elect comprehensive medical plans with high plan deductibles, thus requiring significant out of pocket payments that may be supplemented by these plans .


■ who cannot afford to add dependents to a company sponsored plan. Pest Control firms could greatly benefit from these


plans, while providing some of their staff members with new benefits that were never present before. Some companies have even gone so far as to drop their major medical coverage altogether leaving only a voluntary Limited Medical Program for their employ- ees to utilize.


Comparison of Limited Medical Plans Comparing Limited Medical Plans is like comparing “apples to oranges.” The commonality amongst all plans is that they provide for services at the physician level and then put low dollar caps on services like hos- pitalization and surgery. Where the plans differ is in how the benefits plans are designed. The overwhelm- ing majority of the plans in this marketplace try to


www.npmapestworld.org


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52