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Author:Masterson, J.
Title:Benefit plans that cut costs and increase satisfaction
Journal:Management Review
1990 : APR, VOL. 79:4, p. 22-27
Index terms:EMPLOYEE BENEFITS
COSTS
CORPORATE SOCIAL PLANS
INSURANCE
Language:eng
Abstract:The secret to holding down health care costs is flexibility. Employees are willing to share insurance costs if they can pay for what they want - and only what they want. Cafeteria plans are favored by employees because they allow tax-free benefit contributions and offer choice in benefit plans. A typical plan structure is presented. A case story is reported, telling how an HMO (health maintenance organization) has been introduced. One of the most popular options in cafeteria plans is a managed care HMO or PPO (preferred provider organization) option. Under PPO, a company contracts with specific doctors to provide service. Several examples are presented. Some strategies of contribution are examined. As a key to success communication is dealt with.
SCIMA record nr: 89292
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