Day: July 8, 2014

Will Harlandale ISD Follow Edgewood ISD And Adopt Cost Plus Insurance?

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Harlandale Independent School District in San Antonio, Texas is currently seeking a qualified insurance consultant to assist the district in evaluating their group medical insurance program. Cost Plus Insurance will be a consideration this year.

Edgewood ISD, another San Antonio based school district converted their fully-insured Blue Cross health plan to Cost Plus Insurance six months ago.

Cost Plus Insurance has become a competitive product with numerous TPA’s in the market. Fees to administer the program can vary significantly depending upon the source.

Two school districts in South Texas who implemented their Cost Plus Insurance program three years ago  recently reduced their administration fees by 50% by changing to another TPA and audit company through a competitive bid process.

Will Edgewood ISD do the same this year?

Editor’s Note: For information on Cost Plus Insurance, visit www.costplusinsurance.com

Narrow Networks Lower Costs As Much As 46%

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At $187 a month, Allen’s policy is cheaper than almost any other midlevel, or silver, plan in the nation. Just a few miles across the Georgia border in Catoosa County, a similar plan would cost someone Allen’s age $348—86 percent more. “These new rates are really, really good,” said Russ Blakely, a Chattanooga insurance broker.

Chattanooga’s success in achieving bargain-priced policies offers valuable lessons for other parts of the country as they seek to satisfy consumers with insurance networks that limit their choices of doctors and hospitals. Nationwide, about 70 percent of the lowest-priced plans included narrow networks, according to the consultants McKinsey & Company. 

When It Comes To Price Or Broad Choice Of Providers, Price Wins Everytime

Continue reading Narrow Networks Lower Costs As Much As 46%