Archive for: ‘December 2019’

Cobra Healthcare Coverage Vs Individual And/or Family Medical Assurance

December 19, 2019 Posted by kyu7

While C.O.B.R.A. Insurance might be a lifesaver for some individuals, individuals often take the C.O.B.R.A. option when they shouldn’t. If compared to private medical care assurance, COBRA can be pricey, it can be over too early and it can put someone else in control of your policy.

COBRA is often too pricey

COBRA is s short-term solution

C.O.B.R.A. is under someone else’s control

C.O.B.R.A. is often too costly

The COBRA law gives you the right to be covered by a group insurance policy. One of the biggest misconceptions individuals have about healthcare Insurance is that group insurance policies are less expensive than individual and/or family health care insurance policies that you can purchase on your own. While this is sometimes true, it isn’t usually. In many states, health care coverage costs more when bought through an employer.

This is because of the cost of governmental mandates that apply to group health care insurance policies that don’t apply to private medical care insurance policies. A company offering a group assurance policy may have to offer a policy to anyone regardless of their medicalcare history. coverage companies cannot drop an insured person from their family and/or individual health Insurance plan simply because their health has gotten worse after their policy’s effective date, but they won’t take new people with pre-existing conditions. This can mean that the insurance company’s costs are much higher for their group coverage policies than for their family or individual healthcare assurance policies.

You may be offered the group insurance plan that you had before your employment concluded or if your company has made changes in the policies they offer to their current employees, it may be a different healthcare policy.

C.O.B.R.A. is s short-term solution

In most scenarios, COBRA may be kept for a maximum of 18 months, although in certain scenarios, this time period can be extended to 36 months. This may mean that your coverage may end when you need it the most. A good family and/or individual health assurance policy may cover you until you reach the age of 65.

You may be healthy enough to qualify for a long-term health Insurance plan at the time when your job ends but not 18 months later. If you or someone in your family contract an illness or have trauma that prevents you from buying a policy at the end of your COBRA eligibility

COBRA is under someone else’s control

When you mail in your COBRA payments, you send them to your former company. Although this happens rarely, sometimes companies will take your money and never pay the insurance company.

If your company changes the plans that are offered to their current employees, they may also change the plans available to those eligible for health care Insurance because they have taken the COBRA option. This may mean that your policy may not cover you as well as it used to. You might suddenly be in the position of having an expensive plan that no longer covers you well.

Scenarios where C.O.B.R.A. is better than individual medicalcare insurance:

When C.O.B.R.A. is much less pricey than a private assurance policy

A family or individual medical care coverage plan isn’t available to you

You’re assured a medical assurance plan before your COBRA eligibility ends.

There are situations where COBRA is a better option than a family and/or individual medical care coverage plan. If you are not able to purchase a healthcare policy on your own at a reasonable rate and you find that your COBRA option isn’t too pricey C.O.B.R.A. may be your best options. This of course is also true if you cannotpurchase a C.O.B.R.A. plan because of a preexisting medical condition. Another situation when COBRA can be a good option is when you will be eligible for Medicare or some other medicalcare policy before your C.O.B.R.A. eligibility will end.

The Role Of Electronic Medical Records In Health Reform

December 4, 2019 Posted by kyu7

How Electronic Records Help Health Reform
Integration of electronic record keeping can help reduce overall health care expenses by limiting administrative costs, ensuring that duplicate procedures are avoided and checking for allergies and other medical sensitivities across a database. Optimally, the system aims to help medical professionals make better decisions based upon lab results, X-Rays, medical history records and a variety of hospital archives. While there is an up-front cost to integrating the systems, most modern hospitals are actively working to streamline their record keeping and open access to fellow medical facilities.

Currently, less than 25% of practicing doctors utilize electronic records for their patients, while emergency room rates are slightly higher. Under terms of the American Recovery and Reinvestment Act, Congress allocated funds for doctors who integrate certified electronic record keeping systems . As standards become solidified, a growing number of medical practices are shifting to electronic records.

Privacy and Security in Reform
Many patients’ rights advocates have expressed concern over a central health records database, but medical companies are actively working to comply with HIPAA (Health Insurance Portability and Accountability Act) so that records are securely stored and can only be accessed by practicing doctors. Incorporating privacy into insurance records is a core part of the process, and recent health reform efforts have helped streamline secure patient record standards.

Relying upon electronic documentation, it is much easier for doctors to show exactly why they performed a specific procedure. With this evidence, medical professionals are able to show that adverse medical outcomes were not caused by error, potentially limiting their tort liabilities. Although the legal aspects of health reform remain under debate, many medical professionals are working to limit medical transcription and record keeping errors to provide safer, more reliable medical care. A combination of improved record keeping, medical delivery and quality care can result in improvements in overall health outcomes.