The Health Reform Law Provides New Career Opportunities in the Health Services Sector!

The Health Reform Law signed March 23, 2010, will increase demand in all areas of health care in America. The intent of the law was to create a virtual universal health care system in America that could accommodate all the people. Few people are able to pay cash for medical services; most of us rely on health insurance to cover our medical expenses. Prior to the signing of the Health Reform bill, health care insurance hasn’t been widely available to all Americans and this has caused many of us to put off early treatment until the ailment assumes critical proportions. When it does, we must then go to emergency rooms, with our then advanced disease. The emergency room is the most expensive type of medical care, and one of the chief reasons Americans are spending a stunning $2 trillion a year on medical services. Making health insurance accessible and affordable to all Americans is the answer to this problem.

Being insured, people will be able to seek early treatment, and preventative medicine can thus curtail the more expensive procedures that are the root cause of the uncontrolled growth of medical care cost. The law has already taken effect and the ramifications, in terms of numbers of patients, are about to descend on a health services industry that is ill prepared to handle the increased volume.

Currently, health services in the U.S. are barely able to keep up with the 150 million employer-insured and the 40 million elderly citizens receiving Medicare. By 2019, the ranks of the employer-insured are expected to increase by 9 million, and Medicare will take on another 12 million people. Exchanges, a vehicle that will provide low cost insurance to small businesses and individuals, will add an additional 25 million to the rolls. From 2010 to 2019, approximately 46 million new people will be added to the health care load. Does our current health services industry have what’s needed to accommodate this relatively sudden growth?

Most of the burden of this increase will fall on the primary care component of the health services industry. According to the Academy of Family Physicians, by 2020, the demand will far outweigh the supply of these professionals. 40,000 new primary care professionals is what the demand will require. At that time, we’ll have a situation in which nearly everyone can afford medical treatment, while yet fewer professionals are available to provide it.

To meet the expected increase in medical services demands, the new Health Law has allocated billions to the education of new health care professionals. Even if they were to get started immediately, most would not be fully trained until from four to six years hence. To get the ball rolling, the law has provided funds for education in the health services field, has made scholarships and grants available, and is set to support professionals in whatever continuing studies they may need to handle the new demand. Demand over supply will also inevitably increase monetary compensation for available health care professionals. For those considering health services as a career, a wide open field awaits them with all the help they will need to establish their new careers.

Attention is also being focused on how and where health care may be delivered. The law is allocating $11 billion for the creation of new health centers in our communities. Work is underway to promote nurse-operated clinics. Nurse practitioners and physician’s assistants will take on new roles, having increased responsibilities. Expect to see new and different medical facilities working in coordination, in order to optimize the use of health service personnel.

Improve Your Business Performance by Using Occupational Health Service During the Credit Crunch

If you are a small business or a larger conglomerate; private or public sector, Occupational Health Services can help. A little investment can go a long way.

Occupational Health Services usually includes the following:

Pre-Employment Screening to ensure that potential employees are suitable for the role.

Regular Health Screening to make sure that you maintain the optimum workforce but gives added business benefits. It gives you the ability to promote this fact to existing customers and also you can provide a solid foundation based on fact to secure new customers. Why would a new customer go to a competitor when they can be assured that the new supplier has a very happy, healthy and productive team of workers?

Provision of regular monitoring and reporting as you would expect from a professional company of specialists.

A reputable provider will minimise the impact of stress, and demonstrate that you have taken all reasonable steps to ensure a healthy working environment.

A well-designed occupational health service will protect against litigation. E.g. workers exposed to chemicals, noise or other pollutants require regular screening.

Professional service providers will deliver value for money through using technology. Whilst being of a size and scale to be able to provide face-to-face services, you will get a better return from a company who has utilised technology such as video and telephone conferencing facilities.

If you are a national company you should ensure that the specialist Occupational Health Company has specialists on hand around the UK rather than being confined to a specific geographical region.
You can find all this and more at People Asset Management. Click on www.people-am.com to find out more; a professional and established company with accreditations such as ISO 9001. Here you will see our vision and why People Asset Management excels in their field – UK-wide.

Why Are Business Owners So Interested in Owning Their Own Private Health Service Plans?

The health insurance industry is changing and the direction it is going is not one that supports people with affordable health care.Today insurance companies are putting more and more limitations on what they cover for people as well as adding clauses like no coverage for pre-existing conditions. What insurance companies are saying to you is, buy when you can still get coverage. If you wait till you have a health issue, anything you need will not be covered. While it is true that taking care of your health proactively is wise, the money you will pay in premiums over the years is huge.

Business owners have an option.

Under the income tax act, a business owner can set up a Private Health Service Plan where they self direct and self administer their own plan. This means, you own your own health benefit plan. The limits are set according to what you and your family needs and you get to choose what streams of health care you want to access as long as it is considered health care in Canada. You administer your own plan and you get to deduct 100% of your medical costs from your business income. No premiums to pay to outside insurance companies, no percentage of expenses taken by a middle man. You simply pay for your health care and reimburse yourself through your company. Corporations and Proprietorships or Partnerships are managed differently.

Insurance companies put limits on what you can claim to save them money. When you own your own plan, you can choose what works best for your health. Medical expenses have a definition and a comprehensive list associated with them under the Income Tax Act. The list breaks down the items that are considered medical. As a general rule you can think of this as anything that supports your health that a doctor would agree with. Many items require a prescription from a doctor. This is simply to bring an outsider into the picture to verify that it is for your health, not simply your pleasure. There is a list put out by Revenue Canada as a guide called Allowable Medical Expenses. What is important to remember here is that this list is not exclusive. It covers what the act clearly covers and it interprets other areas that are more general and open to interpretation. As cases go through tax court more clarity is developed. The other part of the equation is which practitioners are covered. The list also put out by Revenue Canada called Approved Medical Practitioners is a great resource. Again this list is not exclusive. Collaborative Business Solutions keeps an eye on these changing topics and posts the changes for our clients to keep up to date. We created a general breakdown to give you an idea how expansive it really is. This sheet is an introduction. To give you an idea of what is Not Allowed, provincial medical costs, MSP in BC, are not covered. Other than that the list is really pretty short.

Is it really that simple? Almost, there are some differences for Proprietorships and of course, Revenue Canada has all kinds of requirements and criteria that have to be met. These do have to be set up properly. There are a number of reference documents on my site for you to look at. Come and consider the option that gives you the most freedom and flexibility with your health and reduces what you send to the tax man.

Small Business Health Insurance Providers With the Best Rates

When it’s time to select a health care plan for your employees, you need to look at several small business health insurance providers in order to find the one with the best coverage and the best rate.

Some factors you want to consider when you are shopping for medical coverage include the type of insurance, the price, and the company’s stability and service.

Type of Insurance

Small business health insurance plans offer group coverage, which is always going to be less expensive than individual coverage. In general, small business health insurance plans fall into one of these two types:

* Fee for Service. With this type of plan, employees receive a fixed reimbursement for medical costs and can choose any doctor or hospital. These are the most expensive type of health insurance.

* Managed Care, such as PPOs (Preferred Provider Organizations) and HMOs (health maintenance organizations). With PPOs and HMOs, employees must choose a doctor and hospital that’s part of a health care network. HMOs usually offer fewer choices than PPOs and employees may need approval before they can visit a specialist.

Price

The same type and amount of coverage can vary by thousands of dollars from one company to another. To ensure that you get the best rate, use an insurance comparison website to get quotes from at least three insurance providers. (See link below.)

Stability and Service

You want an insurance company that’s going to be able to pay your claims and that will provide good customer service. You can check on the financial stability of insurance companies by checking rating services such as A.M. Best (ambest.com), and Standard & Poor’s (standardandpoors.com).

A good place to check on a company’s customer service record is to go to your state’s Department of Insurance website or the Better Business Bureau. They will have records of complaints lodged against the company.