Government Sustained Insurance Company Is The Type Of Health Insurance Essay example

Government Sustained Insurance Company Is The Type Of Health Insurance Essay example

Length: 1081 words (3.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Government sustained insurance company is the type of health insurance company, which is Blue Cross and Blue Shield’s Federal Employee Program. This is applied by the government’s initiative to provide an accessible and affordable health care to its employees according to Blue Cross Blue Shield (2015). This is to ensure that as an employee, there are numerous health care benefits that can be acquired through this service that will help to promote health. As a health care insurance, this is considered as a mandatory service because employees needs to have health care insurance so that they can be protected from any risks and threats affecting their health. This is a mandatory provision applied to all government institutions as well as private corporations. It is because it is a right for every person to be protected, using health care insurance so that the risk for complications can be slim.
There are benefits that can be provided with the use of government health insurance coverage, specifically by Blue Cross and Blue Shield’s Federal Employee Program. This includes providing discounts for every health care service if a person becomes ill for a certain period of time. Blue Cross and Blue Shield Federal Employee Program is a preferred provider organization (PPO) that allows you to choose between coverage under the Standard Option or the Basic Option. There are a few differences between the two options to consider when choosing the right plan. Neither option requires you to choose a primary care physician and referrals are not required as well.
The standard option allows you to go outside the network for care but required you to pay a $350 deductible per member every calendar year and a $700 deductible with a family limit eve...


... middle of paper ...


... risk for developing cardiovascular or metabolic diseases.
The government offers a variety of Health Insurance Companies to their employees. You can choose from Consumer-Driven and High Deductible plans, health savings/reimbursable accounts and lower premiums, Preferred Provider Organization (PPO), Health Maintenance Organization or a Fee-for-Service plan (FFS). Often times the huge determination is how many people are being covered and how much you are willing to pay for coverage. There are plans for Self Only, Self plus one and Self and family coverage. However, when considering the right plan its best to consider the service, cost and the availability of the provider. One of the most valuable benefits as a Federal employee is the Federal Employee Health Benefits Program (FEHB) but coverage is not automatic, you must enroll in a plan to be covered.








Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Mandatory Health Insurance Essay

- The United States passed bill that health insurance should be mandatory in the year 2014. Under the Patient Protection Affordable Care Act, each person is required to have at least a minimum level of health insurance failure to, the individual will face a penalty. The mandatory health insurance issue has faced reactions from both sides with some people supporting while others opposing. It is mandatory for every individual to purchase a health insurance depending on their earnings. The health care insurance is mandatory for all US citizens, and all legal residents in America....   [tags: Healthcare, insurance, PPACA]

Better Essays
1122 words (3.2 pages)

Health Insurance Should Be Prepared For Such Situations Essay

- Life is full of uncertainties. Risk lurks in every nook and corner of human life. In short, life is unpredictable. We need to be prepared for such circumstances. Leading a happy life, involves good planning and analysis for your personal health. Accidents do happen and you need to be prepared for such situations. In times of high health cost, you need to get covered for health risks. Health insurance comes in handy in case of severe emergencies. The term health insurance (popularly known as Medical Insurance or Mediclaim) is a type of insurance that protects you and your dependents against any financial constraints arising on account of a medical emergency....   [tags: Health insurance, Health care, Insurance]

Better Essays
811 words (2.3 pages)

Basic Aspects Of Health Insurance Essay

- As an Introductory chapter, Its plan section wise is designed for quicker, easy and clear understanding. In this chapter there are seven sections . Section 1.1 deals with basic aspects of Health Insurance at length. While section 1.2 treats preliminaries of Security, Section 1.3 is about problem context. Section 1.4 explains research Hypothesis. The next section 1.5 explains the aim and objectives. The penultimate unit, Section 1.6 depicts the scope of this research undertaking. Finally, the last part is devoted to the chapterisation of the thesis which is entitled as section 1.7 Dissertation Organization....   [tags: Health care, Health insurance, Health economics]

Better Essays
1715 words (4.9 pages)

Benefits Of Public Health Insurance Essay

- Health insurance is available from several sources. Private health insurance is provided by private companies. Subscribers pay health insurance companies a monthly fee for health insurance. In return, the company agrees to pay the doctor and hospital costs if the subscriber gets sick. There are different levels of coverage that a subscriber can purchase, but the cost of a health insurance policy is also set by the amount of risk the subscriber is willing to take. The more expense the subscriber is willing to pay, as either deductible or co-payment, the less the insurance company will charge for the insurance....   [tags: Health care, Health insurance, Health economics]

Better Essays
746 words (2.1 pages)

Benefits Of Public Health Insurance Essay

- Health insurance is available from several sources. Private health insurance is provided by private companies. Subscribers pay health insurance companies a monthly fee for health insurance. In return, the company agrees to pay the doctor and hospital costs if the subscriber gets sick. There are different levels of coverage that a subscriber can purchase, but the cost of a health insurance policy is also set by the amount of risk the subscriber is willing to take. The more expense the subscriber is willing to pay, as either deductible or co-payment, the less the insurance company will charge for the insurance....   [tags: Health insurance, Health economics, Health care]

Better Essays
705 words (2 pages)

The Health Insurance Portability And Accountability Act Essay

- HIPPA affecting the healthcare industry The Health Insurance Portability and Accountability Act also known as HIPAA, has been developed in 1996 and it became integral part of Social Security Act (SSA). One of the main objectives of this Act was to protect the rights of the individuals regarding the protection of healthcare coverage, who lose their jobs. In order to respond to HIPAA, the hospitals as well as physicians need to review their operational processes especially in terms of locating their medical records....   [tags: Health care]

Better Essays
1002 words (2.9 pages)

Essay on A Brief Note On The Health Care Insurance

- I have Interview my grandmother Catalina as my first interviewer because of her medical background she has been a Diabetic for twenty six years. Within those years the health care insurance has been through a lot of changes from bad to good and good to bad she has been through a lot of insurances also because of the health care policy. First she started off with Medicaid at first Medicaid helped cover her visits and medication with no problem and any special testing that she needed that went well until (HMO) Health Maintenance Organization became a big part she had to choose an HMO because Medicaid only took care of the medications so she picked HIP (Health Plan of New York)....   [tags: Health insurance, Medicare, Health economics]

Better Essays
1200 words (3.4 pages)

Analysis Of Humana Inc. An American For Profit Health Insurance Company Essay

- Mississippi is the 32nd most populous state with a population of 3 million people. However, only one in five residents has health insurance. With a large number of uninsured, only a fraction of people had signed up for coverage. Insured companies ignored more than 32 counties in dire need of insurance coverage. Humana Inc. an American for-profit health insurance company and ranked 73 on the Fortune 500 list saw an opportunity to reach out to the uninsured in Mississippi. Humana then launched “Covering Mississippi” an outreach campaign to provide assistance and coverage to the uninsured....   [tags: Health care, Health insurance, Health economics]

Better Essays
1163 words (3.3 pages)

Who Needs Health Care Insurance? Essays

- Who needs health care. Well a 59 years old man named James Verone sure did in 2011. He lost his job of 17 years due to cutbacks and used of his money in the bank. James had two-ruptured disk, a protrusion on his chest, and a problem with his left foot. Since he did not have health insurance any more he could not afford to go to a doctor or the emergency room to be treated. Therefore, he decide to take matters in his own hands and rob a bank unarmed for $1 dollar to get free health care in jail. This may sound like an unwise thing to do but he did not have any other options since he was not old enough to get Medicare and was not eligible for Medicaid (Moisse)....   [tags: Health insurance, Health care, Health economics]

Better Essays
2514 words (7.2 pages)

Health Insurance Is Important For A Number Of Reasons Essay

- Maintaining health insurance is important for a number of reasons. No one plans to get sick or hurt, but most people seek medical care at some point in their lives. Although health insurance has become a necessity, the rising costs left many Americans uninsured. This placed a burden on our health care system and the well-being of many families. Health insurance under the Affordable Care Act was intended to provide benefits, such as Medicaid to the uninsured, preventive screening to all, and to cease discrimination among applicants; however, the reform did not deliver on promises and created hardships for many more....   [tags: Health insurance, Health care, Healthcare reform]

Better Essays
1654 words (4.7 pages)