Search CompleteMarkets

... ' collection of bills and protect their solvency, and have developed today into what we know as pre-paid plans-Blue Cross/Blue Shield plans. Pre-paid Health plans have subscribers' rather than insureds, ' who pay dues' rather than premiums. They are for the most part nonprofit organizations, although some Blues' was to change to for-profit organizations. The success of these plans caused insurers to recognize, by about the early 1940s, that Medical Expense benefits could be underwritten successfully. With World War II and its wage and price controls, ... Life and Disability Income contracts. But at that time, Health coverage was not considered a very desirable product by insurers, and very little was sold. The real impetus for the concept of Medical Expense coverage for groups of people came with the development of hospital service associations and medical service associations during the Depression era. These plans were originally designed to facilitate hospitals' collection of bills and protect their solvency, and have developed today into what we know as pre-paid plans-Blue Cross/Blue Shield plans. Pre-paid Health plans have subscribers' ... total employee benefits package for your insured. Method of Benefit Delivery Although designed to cover the same basic risks, insured plans, pre-paid plans, and HMOs and PPOs deliver their benefits quite differently. Insured Plans-Generally, an insured plan will have an overall lifetime limit of liability, stating that a covered person may only be covered for'$[Amount] lifetime limit of liability, from all causes. That limit is commonly $1 million or more. These limits are based on actual cash payouts of plans. Some plans have unlimited ...

...ums.' They are for the most part nonprofit organizations, although some 'Blues...ns law recommended by the National Association of Insurance Commissioners (NAI...