black_bi_diva
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That means if you quit, the Diva will have to take a flight to your house and drop kick you down a flight of steps.
It means that they pay 100% of the normal costs you would pay for health insurance. You will not see a deduction for health care come out of your paycheck.
The only thing you should be responsible for is your co-pay (a small portion, normally $10-20 paid out of pocket whenever you go to the doctor).
Yo go girl! Awesome company to work for!
Diva |
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PraiseBob
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It means you have a damned generous employer!
If I understand you correctly they will pay 100% of the cost for your medical insurance. This does not mean that they will pay the out of pocket cost of medical expenses not covered by insurance, but they will pay for the cost of the insurance itself.
Keep that job! |
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~SSIRREN~
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It means you are seriously lucky. Wish I had your job. All you have to do is pay your co pays, prescription co pays stuff like that. Lucky You! |
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President, www.HSAInside.com
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I. HMO:
Health Maintence Organization
Highlights: Normally offer low copays for visits
With this type of plan you will pick a "Primary Care Physician" you will always have to visit this one Doctor for all your medical needs. If you need to visit a specialist your Primary care physician will need to refer you (this process can take up to a few weeks). Most HMO's utilize a IPA (indepedent Physicians Association) which is medical group of physicians, when you pick a IPA you can only go to any of the doctors within the IPA.
PPO Plan:
Participating Physicians Organization:
Highlights: Offer huge network of physicians & hospitals to pick from.
With this type of plan you can go to any physician who is a Participating physician within the organization - PPO normally have literally thousands of doctors within the organization ex. in California Blue Cross of Ca. has over 40,000 participating physicians, and people who have a PPO plan in Ca. can go see any of those doctors and receive the lowest negotiated rate for medical services. These type of plans normally offer copays, co-insurance, find out what your Max. out of pocket would be.
Learn more about Health plans in California at
www.HealthPlans4Stars.com
www.HSAInside.com
www.HealthCareMan.com |
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MOM KNOWS EVERYTHING
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It means you're getting a sweet deal. You may have some co-pays or deductibles to pay when you get medical care, but nothing is coming out of your paycheck to pay for your insurance. |
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Smitty
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Congrats on the new job..... and great benefits! You don't have to pay anything except a copay when you go into the doc's office..... I would definitely go with PPO (Preferred Provider). |
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Chris
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That means you don't have to make any payments, monthly to have health insurance. That is a huge benefit. You will, however, have to pay for your deductibles, if any, and any co-pays (for example $10 for a prescription).
PPOs allow you to see any doctor you want. PPOs rely on networks of doctors. If you see an in network doctor, your premiums and co-pays are less. You can see a doctor out of network too.
HMOs restrict which doctors you can see. You can only go to doctors in the HMO network. The upside is there are typically little, if any deductibles in HMOs. And, your co-pays are minimized too.
If you don't mind the hassle of being limited to doctors in network - HMOs are the way to go over PPOs unless you have an illness - in which case you might be better off with a broader network of doctors. |
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cjmeamts
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All of the above answers are correct . . . but it also means you need to educate your self on medical insurance choices and find out which is the best one for you.
Try the following artcles to get you starte all are easy to read and understand and are from authoritave sources:
http://www.insurance.com/Article.aspx/HMO,_PPO_and_POS_Health_Plans/artid/70
http://personalinsure.about.com/cs/healthinsurance1/a/aa011704a.htm
http://website101.com/Health_Insurance/Affordable-healthcare.htm |
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trish
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100% means all. they pay all the premium for the insurance, however i think you will pay the co-pay for visits and such. so if it costs $100 a month and a $10 co-pay per visit they will pay the $100 and you pay the $10 when you visit the doctor. |
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Richard B
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Read details of insurance plan. You will need to pay co-payments and deductibles, if any. Remember, what your company pays for insurance is part of the cost of hiring you. |
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Anna
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Lucky you! It means you don't have to pay anything for you insurance, unless you have a co-pay for doctors visits or pharmacy needs. Co-pays are usually only about $20, so if that's all you have to pay for insurance, you should be really happy. |
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eMale
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It means you got a good deal as most companies only pay about half.
If you select an HMO your choice of doctors and medical facilities will be limited, but if you go to one you cost will be limited to a co-pay, which will probably be under $20.
If you select a PPO you will be able to go to just about any doctor or medical facility, but in addition to the small co-pay you will have a cost share which is usually about 20% of the bill.
If you aren't already receiving treatment from a specific doctor or medical facility I'd go with the HMO, but if you are receiving medical care now you need to make sure that they will take that HMO. If not then you need to either take the PPO or find a doctor/facility on the new HMO that can treat you. Good Luck! |
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jackofalltds
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free insurance you pay a co-pay if any depending on your area the PPO might be your better option |
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pumpkin
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Not to worry about ignorance - if you don't ask questions, how will you learn? You should have a group administrator - find out who that person is & ask them all of the questions specific to what your employer covers. From what you've said, the company you work for will pay the cost of your HMO/PPO coverage. You won't have to pay out of your paycheck for that every month or every check, however they do it. If you were to choose some coverage that isn't hmo/ppo, then you will have to pay the premiums. HMO isn't bad - you have one dr you see for everything & if you need a specialist, they will refer you. PPO is a preferred provider organization - the dr you choose participates with that health insurance & agrees to accept the payment your insurance company makes & you won't be responsible for more than your coinsurance or deductibles. But talk it over with the group administrator - they can give you booklets & explain everything to you. The insurance company can even help you find a doctor you want to see, in your network, in your area.
Good luck & congrats - it's really hard to find a company that pays for insurance now. |
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They call me ... Trixie.
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You're very lucky! You'll need to find the best insurance to fit your needs. That may mean that you'll pay a small co-pay when you go to the doctor or pick up a prescription. There are a ton of different insurances out there - you'll want to look around. Congrats! Wish I could find a job like that! |
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theinfalliblenena
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probably a co-pay for dr visits which is usually from 10-25 bucks.
You are a lucky duckie!
PPO is better, by the way. You have more choices and freedom. |
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mkulda
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It means that the company pays for all of YOUR premiums, but if you have a spouse/kids you will likely have to pay a percent of their premiums.
It is an HMO/PPO which means it is managed care....you'll have to select a "Primary Care Physician" from their list of possible PCPs. If you go outside the "network" you'll have to pay higher co-pays and deducible.
For any kind of specialty care at all, you have to first go to your PCP. Then they will decide whether to refer you to a specialist.
The PCPs get incented to not refer you for more specialized care....meaning your regular doctor gets more money from the HMO/PPO if they can find ways to avoid you having to see a specialist....this is rationed health care that is not always in the best interest of the patient because the bottom line takes precedence over patient care.
While it is nice that you aren't paying any premiums for your health care, you have to endure the rationed, managed care that is so frustrating for most Americans. |
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tecvba
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I'd like to work there...no premiums for health insurance !! |
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smplyme132
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First off, the company is going to pay your monthly premiums with the insurance company. You will not have to make arragemts to have that taken out of your check. (Probably your immediate family too.) Secondly, aMO/PPO means the Physicans, Medical Centers, Labs, etc., has an agreement to except payment in the manner agreed upon. Not all Drs., Medical Centers, Labs etc., are on your plan. If you go out side your plan then you have a bigger out of pocket balanace. HMO is usually 80/20%. Meaning insurance pays 80% and you pay the 20%. But you have to stick with participating providers. If you don't use someone on your plan list, then you are penalized and have to pay more monies out of your own pocket. A PPO is basically the same situation. Generally, you pay a percentage of the bill with PPO. Insurance pays a percentage, and because you use a participating provider, they have a contractual amount that they have agreed on with your Insurance to write off. This amount can not be billed to the patient. After seeing a Dr., or being in a hospital, or using a Lab that is under your PPO/HMO plan, you will receive a EOB, (explanation of benefits) from the insurance company. On this EOB it will have all charges on it, showing what PPO paid, how much the Physician or facility has to write off, (the contratual agreement) and then a balance which is usually pretty small, that you will be responsible for. I personally, think a PPO is the best route. But of course there are people out here, that will not agree with me. Bottom line, HMO/PPO is a dedication of what Dr., Labs and Facilities you have to use. But with this insurance and using the facilities that are in agreement with HMO/PPO plan, is still a great insurance. Your employer should give you a hand book, and a list of participating Dr., so you can be prepared. Curious, is your new job with an Airline? |
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zzzzzzzzzzzzzzzzzz
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It means that you are not responsibile for paying any share of the cost of the coverage. You may be responsible for co-pays or any costs above what the plan covers. It's a very competitive benefits plan. Most employees today pay close to 10% of premium cost for their coverage, plus the co-pays, etc. |
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dec2181
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you pay nothing for medical insurance...more money in your pocket! |
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Barbie doll lover
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Does your place have any opening?LOL Anyway they should give you a handbook or something detailing your medical plan. Make sure and read this carefully though as some stuff is covered at 100% and goes down from there.
If you are covered completely then your a very lucky person because most of us get about 80% covered, but for some reason everything falls under 50-60% that sucks! Good luck in your new position. |
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JAMMco
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It means that you will not have to pay for your benefits, but you will be responsible for any co-pays and deductibles. |
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katybeth212001
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Wow, it means you got a great deal! Most companies only pay a % of your premiums each month for your insurance and you have to pay the rest. You would still have a co-pay when you go to the doctor or get medications but that is way better than a co-pay AND a deduction from your pay for premiums! |
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rosecitylady
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It means you're working for a great employer! You won't have any money deducted out of your paycheck to pay for the monthly insurance premium. Depending on what plan you choose, you'll probably have to pay an office visit fee for each doctor's visit, and also a deductible for stuff other than office visits (for example, if you have minor surgery for something you have to pay the first $200-$300 before the insurance company starts paying any of the claims). Ask your HR dept to explain how your specific plan works. |
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Jet
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You'll pay a co-pay. That's it. |
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Nancy Kay
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It means you will have employer-paid medical insurance through an HMO or a PPO.
You will have to pay your co-payments and deductibles for medical services, office visits, prescriptions, etc., all in accordance with the terms of the HMO or PPO plan you choose. You will not have to pay the premium for that insurance, however if you want to cover a spouse or dependents under the same coverage, you may need to pay their share of the cost. Speak to the human resources department or the manager at your new employer for further information on your options. |
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DEATH
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It means you don't contribute anything from your pay check to your insurence premiums. Although your insurence may still have a copay, deductable or co-ins that is required for you to pay.
These have nothing to do with the premiums, they are concidered "patient share."
A copay is NOT part of your deductable or co-ins. Those are seperate charges from your insurence. Make sure you know your plan.
If you need more help, I'll be happy to explain...I used to be in the medical billing field as an insurence collections specialist. |
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kvuo
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that means you got free healthcare...
oh, I thought nobody got that anymore! (if you listen to the leftists)
congrats.. it's a good benefit.
you might have to pay copays when you visit the doctor, etc. (10-20$ per visit, etc) |
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©rojoe® Semi Retired
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PPO= Participating Provider Option
HMO=Health Maintenance Organization |
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lucky_lady_blazing
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They pay your premium and you will be responsible for any co-pays or deductibles. If you add family coverage then you might be responsible for paying for a portion of your premiums. |
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