Flexible Spending Accounts (FSA's) are a good way for consumers to save on taxes but unlike Health Saving Accounts (HSA's) they cannot be rolled over in the next tax year. The most common type of FSA is used to pay for medical expenses not paid for by insurance; this usually means deductibles, co-payments, and coinsurance for the employee's health … [Read more...]
HSA’s and Optical
December 29, 2008 by Leave a Comment
What is an HSA? It simply stands for Health Savings Account. It is a tax advantaged medical savings account for United States tax payers who are enrolled in a high deductible health plan (HDHP). Traditional health plans have lower deductibles than HSA's. Optical services and optical correction products qualify. The funds contributed to the account … [Read more...]
Managed Care Resources
December 5, 2008 by Leave a Comment
CMS Centers for Medicaid and Medicare ; Government resource on programs, policies and more American Journal of Managed Care Consumer Health Information Corporation Consumer Health Information Corporation is the industry leader in patient education … with cutting-edge expertise in clinical practice, consumer behavior and … [Read more...]
Vision Insurance – End of Year Sales Opportunity
November 23, 2008 by Leave a Comment
The end of the year is a great opportunity for eye-wear sales for at least two reasons. The first one is vision insurance as that is usually a calendar year benefit and the second opportunity is that is is gift giving season. Two totally difference opportunities that should be addressed right now as the end of the year is almost upon us. It is a … [Read more...]
Managed Care Programs
November 6, 2008 by Leave a Comment
Federal Employees Health Benefits Program (FEHBP) is a system of "managed competition" through which employee benefits are provided to full-time permanent civilian employees of the United States Government. It allows insurance companies and employee associations such as labor unions to develop health, dental, and allied … [Read more...]
Managed Care Terminology
November 6, 2008 by Leave a Comment
The best Guide For Managed Care Terminalogy that we have found is from Pohly's Net Guide It Starts out with: AAPCC - see Adjusted Average Per Capita Cost. ABC - see Activity-Based Costing. Abuse - When used as a legal term in the business of healthcare, it normally refers to actions that do not involve intentional misrepresentations in … [Read more...]
HIPAA Resources for the Optical Professional
November 6, 2008 by Leave a Comment
What is HIPAA? The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when they change or lose their jobs. Title II of HIPAA, known as … [Read more...]
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