Insurance companies fail to bid on pooled health insurance plans for Jackson ... The Jackson Citizen Patriot MLive.com
24.05.10
Insurance companies fail to bid on pooled health insurance plans for Jackson schools By Bob Wheaton | Jackson Citizen Patriot May 24, 2010, 6:00AM Something unexpected happened when Jackson County’s public school districts and Jackson Community College sought bids for pooled health insurance coverage.
No insurers would bid.
The local efforts could be a test case about the impact of a 2007 state law that attempted to increase the number of school insurance pools and bring more competition.
“Basically, what we learned was that none of the insurance companies that were doing business in Michigan that were contacted by about eight or 10 brokers would provide bids for us to purchase as a group,” said Catherine Brechtelsbauer, director of human resources and legal services for the Jackson County Intermediate School District .
Don Wotruba, deputy director for the Michigan Association of School Boards , said that since the 2007 law passed, the
Source:
Blue Cross Blue Shield Health Insurance Company
Blue Cross Blue Shield Health Insurance Company (BCBS) is one of the leading health insurance providers in the world. Over 70 years old and made up of 39 companies within itself, BCBS provides health insurance to over 100 million people. In the United States it is the largest health care company and provides insurance in all 50 states.
BCBS is represented in the U.S. as well as 170 countries worldwide making it the ideal insurance for travelers. The company offers coverage for large companies, small businesses, and individuals. More physicians and hospitals contract with BCBS then any other insurance provider in the world. With one out of every three insured Americans getting their coverage from BCBS, it is important to know what type of coverage is offered so you can decide if Blue Cross Blue Shield is right for you.
BCBS offers seven types of coverage in the U.S. They are Flexible Spending Account, Health Maintenance Organization, Health Savings Account, Health Reimbursement Arrangement, Indemnity and Traditional Coverage, Point-of-Service, and Preferred Provider Organization. Knowing a little bit about each type of coverage can help you choice which plan is right for you.
Blue Cross Blue Shield Flexible Spending Accounts (FSA)
Flexible spending accounts make it possible for qualifying members to use money before taxes are taken out in order to pay for specific medical situations. The money comes directly out of the member’s paycheck before taxes. The amount deposited is decided upon by the member. Money in a FSA can also be used for certain expenses involved with dependent care.
What BCBS does is to manage or administrate your FSA through their Blue Healthcare Bank. They manage the money deposited, help with withdraws, answer any questions that arise, advise members on eligibility and suggested amounts. This is one way to save some tax money while getting the coverage you need.
Blue Cross Blue Shield Health Maintenance Organization...
Read more...
![Obama Tries to Rally Lawmakers on Health-Care Legislation Washington Post]("http://nt3.ggpht.com/news/tbn/R4OS6gFaSfSdRM/6.jpg")
Washington PostObama Tries to Rally Lawmakers on Health-Care LegislationWashington Post“Today the Committee approved legislation that will encourage competition in the health insurance marketplace, control costs and improve access to quality Howard Dean on His Prescription for Real Healthcare Reformall 13,337 news articles »
