The Covered Services in the Insurance of Health

Question: As an employer how would you establish copays and deductibles to encourage more efficient use of health care services? What other actions would you suggest to encourage employees to improve their use os health care services? Answer: When a fixed amount is paid for the covered services in the insurance of health, then it is known as the copay. The employers often wish to encourage the copays in the health care services because of the enormous benefits are given by copay. The people's medicals services are visits to doctor, medicines and therapists. The copays incur these expenses. It makes it plans in such a way that all the plans are covered in it. Copays are often a smart choice taken by the people ensure that the plan they have chosen covers all the medical services which they require. This essay focuses that how copays and deductibles affect the health care services. When a person has to pay an amount, which is out of his pocket or personal saving for the services, which are already covered before the insurance pays then that it is called as deductibles. The deductibles do not include the costs of the plan or the premiums. The deductibles lower the insurance premiums. The high deductibles have lower premium costs while low deductibles have high premium costs. If a persons family rarely needs to visit the doctors, then that person would opt for the high deductible and low premium policy. Apart from copay and deductibles, the other action was taken for the use of health care services is the coinsurance. Coinsurance means the sharing of the costs of a health care service. It is usually expressed in percentages for that amount only which is charged for services. It is paid after the deductible has been paid..