Great article. Now we just need the insurers to upgrade their technology, improve cost/usage transparency and allow higher deductible plans in order to make these plans mainstream.
These type of plans have been set up and are running well, but Dave is right, technology to administer has to become more mainstream. It is important to note that pricing/underwriting and renewals don’t work with standard current process either – they are different but are actually very effective. When set up and run right, these type of concepts can move the bar for much more effective benefits programs.
Dave Patriarche:
Great article. Now we just need the insurers to upgrade their technology, improve cost/usage transparency and allow higher deductible plans in order to make these plans mainstream.
Tuesday, September 04 at 12:14 pm |
Gordon Simle:
These type of plans have been set up and are running well, but Dave is right, technology to administer has to become more mainstream. It is important to note that pricing/underwriting and renewals don’t work with standard current process either – they are different but are actually very effective. When set up and run right, these type of concepts can move the bar for much more effective benefits programs.
Thursday, September 06 at 2:39 pm |