Essays on Insurance Company

The individual marketing audit will draw attention on the insurers’ organization, which will analyze the marketing strategy, implementation and results at WellPoint insurance company. This is an insurance company that resulted from a merger between WellPoint Inc. and Anthem Inc. in 2004. Interestingly, now, the affiliated health plan of the company has over 34 million individuals and over 70 million subsidiaries. Consequently, this makes the company to be the largest insurance company around the globe in terms of membership. The company’s headquarter is in Indianapolis in Indiana. However, the company is an independent licensee of different health insurance companies ...

Insurance is designed to protect against risks (unlikely events) such as damage to property or loss of property and loss of life or poor health. In the event of such risks, a person can file a claim with his or her insurance company so as to receive compensation (Jawadekar, 2004). The various specifics of the claim may vary depending on the insurance provider or the type of insurance taken such as health or life insurance or homeowner’s insurance. Making an insurance claim can be a very simple and less stressful process especially if all details are gotten correctly. In making a claim, ...

Each company has its own marketing strategies to ensure that its products and services are purchased by a wide variety of customers. A company has to come up with a good marketing mix in order to generate a high amount of revenue. This means that the marketing department of that company has to search for adequate information regarding the factors that affect its services. One of the variables that may affect the marketing mix may include physical evidence and the people. In addition to this, the service process is also important in determining the marketing mix of a company (Martin 2011).

There are a ...

Ethical dilemma faced by Antonio

Antonio faces several ethical dilemmas in this case. His first dilemma is whether he should report to the insurance company the plan of Empress Luxury Lines to further damage the underground wires and cables in order to claim a bigger amount in insurance benefits. He can also talk to the CFO or the higher level management to discuss the problem. Another dilemma which Antonio faces is whether he should treat Kevin’s communication to him as confidential and just solely take responsibility about the issue to be raised.

Two strategies for addressing the situation

- Antonio can choose to ignore the situation and just keep his ...

Introduction

Trade was one of the most important economic activities of the ancient civilization. Initially trade was mainly conducted on land .As the scope of the activity expanded with time, another mode of transportation; water transport started to become gradually important and started to attract the attention of commercial enterprises. As this mode of transport became more important, there arose a need for the formulation of insurance scheme to protect the water vessels, the passengers, and cargo for the various risks that they faced in this transport mode. Marine insurance is therefore one of the oldest forms of insurance that has ...

Introduction

Workers' compensation is a state-mandated insurance program providing compensation and medical benefits to employees who have been injured or disabled during the course of work at the place of employment. In exchange for the compensation, the employees need to relinquish their right to sue their employers for negligence or for the damages caused by the injury (CULS, 2014). Workers' compensation laws also provide monetary benefits to the dependents of those workers who have died due to work-related accidents or injuries. Though the workers' compensation programs vary among states and jurisdictions, the common provisions include wage replacement monetary benefits in the ...

There are several considerations that are made while insuring and covering risks. It depends with the company that has been chosen for the cover. Farmers insurance company group is one among other insurance companies in California that are giving the similar services. It has attracted major huge number of the insurers due to their quality in services as well as the level of their consideration in while offering the services . The company has a strategy of defining the level at which they are to collect premium depending with the risks to be covered. Different insurance policies as well have different ...

Insurance company

As of February 14, 2014, U.S. insurance company AIG intended to cut 3% employees worldwide, according to Financial Times. On Thursday, the company announced that the severance pay for 1500 is $ 265 million, thus, AIG continues to reorganize its business. As of April 10, 2014, AIG had some problems with underwriting profits, nevertheless, despite several problems in the past the company shows some improvements. Smart investors are focusing on the business and the actions of management: by making unpopular moves today, AIG is taking a long-term bet that a simplified, streamlined company down the road will be much more profitable ...

Insurance Claim Rejection in the Middle East

Abstract The rejection of insurance claims is quite rampant in the Middle East. Private health insurance is necessary for the millions of the expatriates who live in the Middle East. In the UAE, there is no comprehensive data on the rejection of claims. This study seeks to determine the prevalence of the rejection of health insurance claims in the UAE. This will be done by obtaining data from the health information management system at the hospital where the researcher works as a hospital manager. Data will also be obtained from the e-claim system. The data that will be obtained ...

Sussex Insurance Company was founded in 1976 and since then had established itself as an advanced and competitive leader in the insurance industry in British Columbia. During that year, the company opened its first location in North Vancouver on West 3rd Street. In 1989, Sussex insurance successfully progressed to introduce the franchising concept to the insurance industry in British Columbia. It subsequently opened the first franchising office on Granville Street in Vancouver. Currently, the company operates as a group in more than forty locations in British Columbia, with more offices opened in Albert in 2013. The company vision is “ ...

The economic meltdown in the US was, as a result, of the housing bubble burst that brought about a massive economic recession in the US. The film, Inside the Melt Down, depicts a series of large American corporations going bankrupt and their shares dropping down drastically due to the economic recession. For example, Bear Stearns is a one of the multinational investment company that took an economic downturn in that its shares dropped from $171 to only $57 in a single day. Given that the media aired out their concerns regarding the economic drift of the corporation, most investors withdrew from Bear Stearns. Despite ...

Business Communication

Incident reports are a common phenomenon in the insurance industry, especially when lodging claims in cases of employees’ injury or property damage resulting from any natural cause. Often, an incident report will consist of three paragraphs, written in the form of memos. The following are the steps to consider when writing the report:

- Start with the name or designation of the individual to whom the report is being sent. The incident report often starts with the person to receive it as a matter of priority. It may be the Supervisor or another senior staff in an insurance company. As a matter ...

Business Law

1. List and explain the four (4) requirements of a valid contact and the two (2) defenses to the enforceability of a contract. Cite and explain two cases from the textbook that discuss contract law.

Agreement (Offer and Acceptance).

When one party proposes something to another, he is said to make an offer. If a party agrees to the proposal without any change in it, he is considered to have made the acceptance of that offer. An offer is always confused with an invitation to treat. Advertisements and displays in shops are the examples. They are not offers, but an invitation to treat. An acceptance must ...

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What does it mean to submit a clean claim?

Generally, a clean claim has no flaw, impropriety or special condition that includes incomplete documentations and forms that causes delay on the timely payment. A health insurance provider submits a clean claim by giving the necessary data elements on the standard claim application forms, including with the attachments and required supporting documents or additional or revisions to the data elements. Specifically, a clean claim identifies the health facility, health professional, home health care provider, lists the date and place of service and any identifying numbers. More importantly, it indicates the specific service provided using ...

Employee motivation is essential in all organizations in order to improve the quality of services provided by them. There are various forms of motivation that are available in a working environment. This persuasion speech is meant to pursue the human resources department of Cooperative Insurance Company that buying mobile phones for workers in the marketing department will help to improve their productivity. The introduction of these phones will also enhance effective communication between the company and the external parties like customers and suppliers.

The introduction of this form of motivation is unique in its own way. For instance, many insurance ...

1. What is the role of congress in policy making process? A policy is defined as a course of action that is established by the legislature, executive or the judiciary to influence the behaviors and decisions of the citizens in a federal state. Policy making process is not a monopolized affair and, therefore, involves decisive interactions among all arms of the government and the public participation. The congress and the President participate mutually in the legislative roles to a greater extent. However, their roles are made distinct at some point. The Congress is mandated in Law making, representation of the citizens as ...

INSURANCE FRAUD

EXECUTIVE SUMMARY Insurance fraud is the term used for explaining the misrepresentation that the individuals or a group of people make so that they can avail more benefits from the insurance companies to which they are actually not entitled too. The transparency in the representation is important for securing the rights and overburdening the company from the claims which have actually not taken place. The insurance companies take different measures for protecting the rights and ensuring that they are protected from the insurance fraud. For this the rules and regulations are implemented using which they sometimes protect themselves from ...

Introduction

Insurance companies have been known to prefer large companies for business. The companies would rather indulge in companies that are massive in size. What appears to be the universal rule for many insurance companies is that the bigger the size, the more preferable a client will be. Many reasons can be used to explain the position taken by these insurance companies. However, the one fundamental factor that controls how business is done is the force behind this notion; money. It is evidenced that big businesses result in big money. The insurance firms are likely to enter into a contract with ...

Introduction

According to Peter R (2001), managed care contracts that are a process of negotiation between a physician or health care professionals and a well-managed health care facility for them to provide prospective services. These health contracts should be provided by well-established health professional or physicians. In the United States, there are well local well-established insurance companies dealing with managed care contracts. These companies include Wellcare Health plans, Humana, Coventry Health Care and Amerigroup.

Wellcare Health Plans

Wellcare Health Plans is one of the largest insurance companies in the United States. Being established in 1985, it has about 2.2 million members with about 91,000 ...

NIST special publication 800-53 Application provides the guidelines for organizations in the process of system audits to discover security and system needs. The guidelines are formalized and documented to facilitate the implementation of accountability and audit policies. Moreover, AU regulations stipulates the establishments of clear auditable events, documentations, auditing storage facilities, audit process mal-practices and failures, review, analysis and reporting. Other important essentials include information disclosure and monitoring, generation, non-repudiation, audit reduction, and session auditing. The above measures facilitate the detection of system vulnerabilities in an organization and subsequent development of control mechanisms and measures. The implementation of ...

The situation at Zyedego illustrates how difficult ethical leadership and decision making can be for many HR managers. The situation also symbolizes the increased importance for addressing matters that touch on ethical and legal considerations for many an organization (Linda, Ferell, and Fraedrich, 147). Many managers often encounter situations where determining what is right or wrong is a challenge. For this reason, ethics always becomes an issue of concern for many managers. Despite the importance of ethics in decision making, widespread moral lapses in the corporate world has contributed to the collapse of respected organizations. Adopting appropriate code of ethics ...

Insurance companies offer various types of insurance cover to people, life insurance being one of them. Life insurance is cover for an individual beneficiary after they die. It matures once the individual who has been meeting the premium charges passes away. The insurance company provides a lump sum payment to the beneficiary. There are various types of life insurance such as term life insurance, universal life insurance and whole life insurance. The following are insurance companies in Bahrain that offer life insurance.

Metlife Alico is an insurance company that has been helping businesses and people in Bahrain since 1961 with ...

Introduction

Automobile liability insurance is generally a mandatory practice in most of the countries of the world including the United States. There are four major categories of car insurance, which include tort liability, choice no-fault, add-on, and no-fault insurance. The major differences in these car insurance types include availability of restrictions on the right to sue and if the policy holder’s insurer pays first party benefits, notwithstanding which driver was at fault for the occurrence of a motor vehicle accident. According to the Insurance Information Institute, the no fault insurance is usually intended to lower the cost of automobile insurance ...

Mergers and acquisitions

Introduction Mergers and acquisitions are elements of diverse, but related companies to form one large industry from which they operate. This contributes to rapid growth and economic stability of the companies that would have been complex to attain as individuals.

The companies

The two companies involved are the Unipol that is an Italian insurer and the Fondiaria-SAI FOSA.MI. It is an insurance industry located in Italy. The entity is a non-life insurance involving the compensation of motors. The environment of the industries is based on the rescue for the downfall and deteriorating Fondaria Company that is a car insurance company. Against their ...

Healthcare is one of the most important or essential needs that often, an individual has to pay a steep price for, especially in developed or highly industrialized countries such as the United States. In this country, the United States, for example, roughly 46 million Americans have been considered as insurance holders in 2006 alone. As more reforms are set to take place in the U.S. healthcare coverage and policies in the next years to come, that number is set and expected to increase as well. Estimates suggest that by 2016, more than 20 percent of the American population will already ...

ObamaCare is a name of the current president of the USA to represent a complex issue of the health systems I the US. Just like the HillaryCare and RomneyCare which was used to represent those who were in power when the health care issues or policies were being enacted. The Affordable health care Act was established to increase the affordability and availability of medical insurance by the provisions it created. This Act sought to eliminate the pre-conditions for a health insurance cover and the risk of being left alone by the insurance company once you are sick. The Act further proposed additional ...

The value of a business data at their disposal is immense. Big volumes of data necessitate database systems that transform them into meaningful statistics. Many organizations are using relational databases to leverage the collection and analysis of enormous volumes of data. As a CIO of Britam insurance company, I intend to design a data warehouse that collects and analyze data using web analytics and operational analysis. The company obtains data from the web and integrates it with the operational data it obtains from its clients to arrive at a conclusion and forecast on the future. The data obtained in a mining process need ...

Introduction

This study, in particular, would tend to gain insight and relevant information on the insurance industry. In order to do so, the history of the insurance would be first taken into consideration. This would significantly help to gain basic information regarding the industry and the target market and target audience of the industry. In addition, the corporate stakeholders of the industry would also be evaluated along with the issues being faced by the stakeholders. For an industry to prosper and flourish in the market, it is essential to take the issues that are being faced by the corporate stakeholders ...

CATERPILLAR INC.v. JAMES DAVID LEWIS

CATERPILLAR INC. V. JAMES DAVID LEWIS FACTS: Plaintiff respondent Lewis is a Kentucky resident who suffered personal injuries while in the course of operating a bulldozer. Lewis filed a claim for damages before the Kentucky state court against the two defendants: the manufacturer and the company that provided service for the maintenance of the bulldozer. The manufacturer is Caterpillar, is a company incorporated in Delaware, Illinois. While Whayne Supply Company is the company providing service to the bulldozer was incorporated in Kentucky, and having its principal place of business Kentucky. The plaintiff entered into a settlement agreement with ...

Houston Insurance Holdings is a leading specialty insurer based in Texas, USA. However, its scope of operation extends beyond the United States of America and has offices in the United Kingdom, Spain and Ireland. The insurance company underwrites 100 classes of specialty insurance products in 180 countries around the world. The company has five underwriting segments namely: Professional liability, U.S Property Casualty, Accident and Health and U.S Surety and Credit International. The firm engages in the diverse business portfolio in order to ensure consistent underwriting results irrespective of the market cycles. This has contributed to an impressive performance of ...

Q1. Similarities between UnitedHealthcare and Kaiser Permanente

UnitedHealthcare offers both HMO and PPO plans. For all requirements related to healthcare, both of these plans offer a one-stop shopping. Doctor’s visits and hospital care is combined in a single plan. They offer coverage for prescription drugs and even include dental, fitness programs, eye care, hearing care, and other healthcare benefits. Both plans involve a network of doctors and hospitals which provide care to policy holders for less than their usual cost. Policy holders will have to choose their specific doctors and hospitals (UnitedHealthcare).1 Kaiser too offers both HMO and PPO plans, but it is more popular for ...

Auditing in Australia

An auditor is a professional who is responsible for evaluation of various business aspects. His or her independent opinion is important for business owners since it helps determine the efficiency they run a business. Thus, an auditor is to conduct themselves in due course promoting good relations and cooperation between auditors and the management of an inspected object. The main objective of an auditor, when inspecting an entity, is to express an independent opinion regarding the quality of a financial report and compliance with existing accounting standards. Also, an auditor is expected to help improve the credibility of financial reports and ...

Successful Information Technology (IT) management can be as challenging to the IT manager as it is helpful to the employees of a company when it is put into action. In fact it can make or break an IT manager’s career. An example of a make or break situation for an IT manager is the integration process that took place when Aux Bons Soins (ABS), a Canadian insurance company, expanded to covere all of Canada. ABS was established in 1950 offering general insurance products throughout Quebec. In 2003 the company expanded with the acquisition of General Maritime Protection. In 2005 they expanded ...

Insurance is a vital aspect and an extensive industry in the market. Its main function is to protect against future risks and losses for instance accidents, fire, floods, disability; health related issues, as well as death. It can also be detailed as a financial protection against any risks that may arise in an uncertain future. The insurance industry is wide and covers various areas of the economy for instance transport, health and even businesses among others. Traditionally, insurance has been characterized as covering two types of risk. The first is pure risk, which is one that has only a single chance of ...

1. Internal control is concerned only with enhancing the accuracy of the accounting records. Do you agree? Explain (http://www.smccd.edu/accounts/nurre/online/chtr7fa.htm)

I disagree. This is because internal control is also concerned with all the associated methods and procedures that a business implements to ensure that its assets are safeguarded and protected. The assets are guarded from theft by the employees, unauthorized utilization or even robbery. Enhancement of the accuracy is but one of the concerns dealt with by internal controls. Several principles are normally employed. From these principles, it is evident that enhancement of the accuracy of accounting records is not the ...

Abstract Maternity care and cardiac care are two medical issues that cannot really be planned for. This is because one can go under labour or cardiac arrest at any time without expecting it. It is therefore important for one to insure themselves if they are pregnant or have heart problems just in case something goes wrong and they have to be rushed to hospital. When signing up for an insurance plan, however, one should always ensure that it is the best plan for them and will take care of them when the need arises. This essay will explore ...

- In today’s health care environment is it better to approach the future with a compass or a map? Explain and defend your choice.

Maintaining one’s health should be both affirmative and exact. It is always necessary to know the things that should be dealt with prior to making decisions and actions. Health care had greatly evolved for the past decades and individuals seeking for health care assistance must know these differences. The advent of globalization and the innovational breakthroughs had pushed many health care providers to make maximum offers to the customers. To be able to know ...

Important factor of Mold Removal

Fungi that usually generate spores (not seeds) and spreads in huge amount to the air are known as mold. A lot of harms caused by mold usually rise up because people do not find the source properly and are not applying the best technique to remove them. In order to remove molds, it is advisable to search the main cause and source (Mishkin, 2000). It is important to remove molds since toxic mold become a dangerous health problem. Some of the health problems caused by mold includes; nasal problems, lung and breathing problems, headache and many more.

Effect of Mold Other than Sickness

It is important ...

Reflective Essay on Three Books

Introduction Within the western philosophy, the main categories of ethics include meta-ethics, applied ethics, and normative ethics. This reflective essay is specifically concerned with normative ethics. By definition, normative ethics is the study of the ethical actions. This part of ethics is thus primarily concerned with the criteria of what is ethically wrong or right. Therefore, it includes formulation of the moral rules, which have straight implications for what ways of life, institutions, and human actions should be like. It believes that wrong or right are found in a person’s behavior. For this reason, this essay draws on ...

Moral hazard means the tendency of parties to take risks believing that they don’t have to pay to pay for the results of their actions. The idea that a person is protected in a certain way from the risk will make them act differently as opposed to when they didn’t have that protection. Insurance companies, therefore, worry that by compensating people to protect them from losses, they may be actually encouraging high-risk behaviors. This results in the insurance company paying more in claims. Simply put, neither the consequences nor the cost will be felt by the policyholder. The ...

- Brief Case Description Farmers Field is a project meant to see construction of a sports complex and events stadium in Downtown Los Angeles. The masterminds behind the project include the outgoing president of the Anschutz entertainment group (AEG), TimLeiweke and Casey Wassermann, former owner of the LosAngeles avengers. The stadium will be located at the current Los Angeles conventional Centre. The stadium will be a 72000-seater with a retractable roof covering it. Some of the games and events suggested of the Farmers Field include super bowls, Olympic Games, and rally events (Kellogg 356). Leiweke estimated that the project would cost US$ ...

The American International Group (AIG) was started 93 years ago by a person called Cornelius Vander Starr In Shanghai China as a general insurance provider. Since its establishment, AIG has grown to become an excellent insurer. Up to date, AIG is focus on what Cornelius Vander Starr called the knowledge and ability to meet the desires of its clients.

Organizational Structure

The company's organizational structure comprises of chief executive officer, Executive vice president, Senior vice president Chief Operations & Systems Officer, Chief Financial Officer, Chief Operations & Systems Officer, Executive Vice President Investments, Executive Vice President Treasurer, Executive Vice President Chief Risk Officer, Senior Vice ...

Adjudication is defined as a legal process involved in settling disputes between two warring parties without resorting to extensive and costly court procedures. The term adjudication is used in the insurance industry to refer to the channel or process of paying or declining payment of claims after comparing the presented claims to the insurance coverage or benefits requirements (Vines-Allen et al 23). Therefore, any time an individual files a claim with an insurance company, what follows is the justification and payment process acknowledged as the insurance adjudication. According Vines-Allen et al (19), this process normally entails obtaining a claim from an insured ...

1. Background to the Acquisition This proposed acquisition is between two firms, Congoleum Corporation (Abridged) and Prudential Insurance Company of America where by Congoleum is the targeted company and Prudential the acquiring one. The negotiations of the acquisition shall be handled by First Boston and Century Capital Corporation whereby the former is the lead negotiator while the latter shall one of the prospective equity participants. Congoleum is a highly diversified company with three products market segment; home furnishings, ship building and automotive and industrial distribution. The firm has an asset and revenue base of $323million and $576million respectively. In ...

There is truly nothing better than curling up in a cozy chair with a snack and a fantastic book. It is easy to get so caught up in parenting, marriage and work that personal time for book exploration is set aside never to be enjoyed. One of the best things for the human soul is to be fed by a nourishing and educationally delicious book. People don’t realize it but they have a set of criteria against which an author’s work can be measured. Ultimately, that criteria determines if it is worthy of time in that cozy chair. Kevin Trudeau’s book ...

Introduction

The major theme of this module is that most institutional healthcare providers are corporations however, sole owners and partnerships can also provide healthcare facility. The major discussion in this module is connected with corporate healthcare – the organizations, management, and liabilities they should assume and certain laws they should abide to.

Lessons learnt

There are a lot of lessons learned from this module. Detail knowledge of a corporation is learned in this module. Corporations are formed and are artificial beings and follow the rules and regulations as stated in the charter. Corporations possess unlimited liability, free transfer of ownership, ability to raise capital and ...

The life story which is captured in “giving Voice to values and framing a life story” reflects the fight for justice for people whose rights to be compensated were violated. While I will be providing an evidenced case, the objective is to ensure that victims are fully rewarded with their rightful compensation and also in the amount that meets the given legal and ethical obligations on the part of the insuring company. This story therefore dwells on the principle of serving justice for the people who have various types of injuries who are seeking a fair assessment of the case ...

Financial Accounting

It is very important for any business to insure that the financial statements of the business are produced timely and must be reliable. It is assumed in the financial markets that if the financial statements are prepared on the basis of accounting standards and the financial statements are approved by the auditor, then, the financial statements are reliable. The reliable financial statements are the most important element, for the management and the current shareholders. If the statements are reliable and authorized by the auditor, then, it is highly probable that the current shareholder will reinvest into the business. (Lempert, ...

The owner of the ‘Eat Street’ wanted me to help him out in finding out the overall rating of his cafeteria in the eyes of the visiting customers in order to offer better services in the prevailing cut-throat competitive hotel industry.

1. The report: Mr. at your instance, I set out to visit the Eat Street, to have a first-hand information and knowledge about the whole place and its present state of affairs.

The Eat Street which is situated about two-and-half miles away from my school-block bordering the northern part of the university campus is quite a nice place. The path leading to the cafeteria, plush with greenery and flower gardens all around it; is quite a smoothening ambience for the visiting customers which the other cafeterias in the campus lack. I ...

- Market and Global Representation of Bupa

Bupa provides several health solutions including but not limited to; health insurance and other health funding products, primary care centres and hospitals, home healthcare, chronic disease management, workplace health services and care services which comprises of nursing homes, retirement villages and resident homes. Bupa has approximately 12 million customers spread across over 190 countries in the world as at 2012. The business of Bupa is divided into five major market units; United Kingdom, International PMI, international development market, Spain and Latin America domestic, and Australia and new Zealand. In the United Kingdom Bupa manages Bupa Health and Wellbeing, Bupa ...

Cigna is a global health service organization that provides things such as accident, life, health, dental, life, and disability insurance, and associated health facilities in an exertion to assist those in the society that need it. The Cinga Insurance Company is looking to bring some influence in Hong Kong community. With that said the main goal for this paper is to expand Cinga Insurance Company in Hong Kong.

In order for this to be done, the company has to be able to understand Hong Kong before any of this is done. Who are the 7 million in the city? They ...

Kaiser Permanente

Kaiser Permanente (KP) is a managed care company based in California; with a mission to provide high quality, affordable health care service to the community it serves (“Kaiser Permanente, News Center,” n.d.).

Member services

KP offers member services such as complaints regarding the medical service used, questions or comments about the chosen health plan, questions or comments about the KP website. A member can use the website to communicate to the concerned department of KP (“Kaiser Permanente, Member Services,” n.d.).

New/ current/ upcoming technology

In KP, the medical records of member patients are not stored on paper, but on most advanced and secure ...

Choosing a career in a rapid developing era like ours is a serious challenge to face. Surely, there are a lot of business areas that are very popular and profitable nowadays – for instance, Information Technology, Banking, Manufacturing and so on. We have become a generation of consumerism and every day each of us buy more and more products and property. It results in a growing fear to lose all this, and of course the main personal value – health, as today’s business environment requires a lot of energy and hard work. Undoubtedly, more people try to insure their private property and life. Having quite a ...

The need for an insurance plan is necessitated with the need to have timely and proper medical care in the event of an illness or an accident. In this respect, there are three basic types of health insurance medical plans that are utilitarian in serving different purposes. These health insurance medical plans can be differentiated from one another with regards to their salient features. This paper canvases the differences between Preferred Provider Organization (PPO), Health Maintenance Organization (HMO) and Point of Service (POS) plans. The paper also seeks to institute some of the pros and cons of the above ...

Introduction

Health care is the most important and basic commodity in which an individual needs. Therefore, in order to maximize utility one has to be rational when making a choice. Managed companies’ specializes in the supply of both health care and health insurance. This enables them to both incur costs when it provides the health care service and also earn revenue on provision of health insurance. This goes along way in ensuring that the firm maximizes its profit in order to achieve the long-run goal. The analysis will put into consideration the simulation of Castor Collins Health plans which will be ...

Business Culture Inside and Out

Book Review: Reflective Reaction on the Compare and Contrast of Readings Introduction Business is business, the new world tends to define business as something that is rather considered more as an institution that tends to bring better culture and better opportunities to members of the society. However, when it comes to the actual value of business, the industry of commerce defines business as a machine that brings in the different resources altogether to create a system that tends to manipulate operations for the sake of earning more money and gaining more profit from whatever could be gained from what ...

Introduction

Whalter White, Steve McGarrett, Gregory House and many others are amongst the most favorite fictional anti-heroes from the television series shown in today’s 21st century. They are not heroes because they do not possess the traditional heroic characteristics like perfection, brilliance, strength, etc but they are not villains either because they are not evil, immoral and diabolical. Anti-heroes first look like very wicked, uncaring, selfish or immoral but as their stories progresses, viewers get to learn how twisted their personalities are and what are the reasons behind it. They seem to purse adverse actions but their hearts are ...

My name is John Edgar and I am applying to the Department of Finance at the University, fall 2012. My career goals, GPA, desire to be a financial expert and my experience in the field of finance and skills make me an excellent candidate for your program. My overall GPA is 3.22. My major GPA is 3.47. My minor GPA is 3.56. My option GPA is 3.56. In addition I have an upper division of 3.57 and the transfer credit of 2.92. Finally, my lower division is 2.89. I have always wanted to be a financial expert ever since I ...

Brief History

The company was established on 15th November 2012, and the primary objective was to be the leading insurance company in the United States of America. The line of business is insurance but apart from this the company also finances new business. The company provides insurances cover for all categories starting with business risk, accidents, health among many more other. The company has various ways to reach their customers. First they have a customer care department where they address all questions that clients May seek answers. After the customer has served there are questionnaires that they fills to help the company ...

Government’s Role in U.S. Health Care Government’s Role in U.S. Health Care Health insurance coverage facilitates access to health care and protects individuals and families from catastrophic health expenses. Both the market and government have important roles in helping ensure the availability, affordability, and adequacy of private health insurance. In 2006, about two-thirds of Americans had private coverage, including about 60% with employment-based and 9% with directly purchased health insurance. In the same year, about 27% of the population had government benefits through Medicare, Medicaid, and military health programs. About 16% of the population ...