Health insurer Aetna Inc said Wednesday that it will cut 1,000 jobs, or about 3 percent of its workforce, by the end of the year in order to reduce operating costs…
Duration : 0:1:19
Part 7 out of 10 of a film about how the largest supermarket chain in the USA are being paid and begged to open new stores in towns, while they are abusing the American people.
Wal-mart have been begged and paid to establish new stores in towns all over America. As soon as the store opens, local shops are forced to declare bankruptcy since they cannot compete with Wal-Marts prices.
Employees are victims for racism, and lack of proper health insurance through the job. Wal-Mart wants to put the responsibility on MediCare in order for them to save money.
The company don’t care about the environment, and they care even less about the Chinese that make all lots of the goods you by for a cheap amount of money.
They don’t care about you as a customer. Once you have paid for your grocieries, you are left on your own. Security on the parking lot? Forget about it. It costs too much.
Again, this is not a film that I have created, I just want the message to get to the people! Please look at the credits at the end of the film!
Duration : 0:9:51
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 6 – Business Insurance
Question:
“Should a start up business person save money by being self-insured on property and liability insurance?”
Kelly Davis
Insurance Agent
Topics covered in this video:
Business insurance, self-insuring
Transcript:
The easy answer would be: absolutely not! There is just too much to lose and it can be lost in a second. Think about Katrina. In a blink of an eye everything was gone for people: restaurants, office buildings, you name it. And some of them didn’t have insurance or they didn’t even have flood insurance which is a kind of crazy if you’re in a gulf area. But a lot of people didn’t have it. I have a buddy from college and his house was flooded up to eight feet and he didn’t have flood insurance. So he probably thought that he was invincible. We all do in some respects but insurance is the cheapest way to insure your future and your livelihood.
It’s just that simple. How do you self-insure for a million dollar loss? Somebody could slip and fall on a banana peel that you left on the floor in your smoothie business and they may need hip surgery–and where are you going to get the money? It might cost you $500 for a business owner’s policy or up to a $1000 or more depending on how much equipment you have. You just can’t afford to self-insure.
Duration : 0:1:53
Part 6 out of 10 of a film about how the largest supermarket chain in the USA are being paid and begged to open new stores in towns, while they are abusing the American people.
Wal-mart have been begged and paid to establish new stores in towns all over America. As soon as the store opens, local shops are forced to declare bankruptcy since they cannot compete with Wal-Marts prices.
Employees are victims for racism, and lack of proper health insurance through the job. Wal-Mart wants to put the responsibility on MediCare in order for them to save money.
The company don’t care about the environment, and they care even less about the Chinese that make all lots of the goods you by for a cheap amount of money.
They don’t care about you as a customer. Once you have paid for your grocieries, you are left on your own. Security on the parking lot? Forget about it. It costs too much.
Again, this is not a film that I have created, I just want the message to get to the people! Please look at the credits at the end of the film!
Duration : 0:9:51
Part 5 out of 10 of a film about how the largest supermarket chain in the USA are being paid and begged to open new stores in towns, while they are abusing the American people.
Wal-mart have been begged and paid to establish new stores in towns all over America. As soon as the store opens, local shops are forced to declare bankruptcy since they cannot compete with Wal-Marts prices.
Employees are victims for racism, and lack of proper health insurance through the job. Wal-Mart wants to put the responsibility on MediCare in order for them to save money.
The company don’t care about the environment, and they care even less about the Chinese that make all lots of the goods you by for a cheap amount of money.
They don’t care about you as a customer. Once you have paid for your grocieries, you are left on your own. Security on the parking lot? Forget about it. It costs too much.
Again, this is not a film that I have created, I just want the message to get to the people! Please look at the credits at the end of the film!
Duration : 0:9:51
Congressman Schrader explains health insurance options available to both employers and employees.
Duration : 0:4:12
Part 4 out of 10 of a film about how the largest supermarket chain in the USA are being paid and begged to open new stores in towns, while they are abusing the American people.
Wal-mart have been begged and paid to establish new stores in towns all over America. As soon as the store opens, local shops are forced to declare bankruptcy since they cannot compete with Wal-Marts prices.
Employees are victims for racism, and lack of proper health insurance through the job. Wal-Mart wants to put the responsibility on MediCare in order for them to save money.
The company don’t care about the environment, and they care even less about the Chinese that make all lots of the goods you by for a cheap amount of money.
They don’t care about you as a customer. Once you have paid for your grocieries, you are left on your own. Security on the parking lot? Forget about it. It costs too much.
Again, this is not a film that I have created, I just want the message to get to the people! Please look at the credits at the end of the film!
Duration : 0:9:51
President Obama holds a discussion on the economy with local families in the backyard of the Weithman family in Columbus, OH. August 18, 2010.
Duration : 0:58:32
http://www.business.com/insurance/
Explore the main decision factors of consumer-driven health insurance
BIO:
Randy Philip is a principal consultant at the Washington Insurance Consulting Group.
TRANSCRIPT:
I’m Randy Philip, Principal Consultant with the Washington Insurance Consulting Group located in Alexandria, Virginia. I and my two partners have over 70 years of experience working with employees and employers in designing health insurance and employee benefits for small to medium sized businesses.
Today we’re going to be talking about how to reduce your health care costs. There are a number of factors that go into the pricing of a health insurance plan. For example, deductibles and copays. The larger the deductible that the employer selects or the larger the copay that the employer selects, the lower the premium is going to be.
Another factor is coinsurance. Coinsurance is the piece of insurance that the employee will be sharing with the insurance company. The larger the coinsurance that the employee picks, going from 20% to 30% to 50%, the lower the premium is going to be.
Group demographics: that’s the makeup of your group—the average age of the group, the male/female content of the group, the location of where your group is. That’s where an underwriter looks at your group and assesses the medical viability of your group, and they’re going to rate you based on the medical conditions that are going on in your group.
Let’s talk about ways that an employer can reduce his cost. First thing is, in assessing the needs of the employees, you really want to look at making sure that the plan designs that you’re offering exactly meet your employees’ needs. A typical employer might offer a PPO plan. A PPO plan is a plan that allows employees to go inside and outside the network. Well if your employees are not going outside of the prescribed network, you might be able to reduce that plan to an HMO plan, which allows your employees to exclusively use providers in the network, and that would reduce your cost.
Increasing your deductible or increasing your copays. For every $100 that you increase your deductibles, that’s typically a 2-3% savings in the annual premium, and similar with increasing your office copay. Another way for employers to reduce their costs is to move their employees to a consumer-driven plan, or at least offer that as an option for your employees. They drastically reduce the cost of health care. They drastically reduce the premium amount that the employee or employer would pay.
So again, the key factors in determining your health insurance costs are of course going to be your deductible/coinsurance, the plan type, the group demographics, and the medical underwriting. Those are going to be key factors in developing the rate that the insurance carrier is going to return for your group.
This has been Randy Philip, Principal Consultant with the Washington Insurance Consulting Group located in Alexandria, Virginia for business.com. Please remember the following points we discussed today.
Tips to lower health plan premiums
• Increase deductibles and copays
• Offer an HMO plan
• Offer consumer-driven plans
Duration : 0:3:13
Part 3 out of 10 of a film about how the largest supermarket chain in the USA are being paid and begged to open new stores in towns, while they are abusing the American people.
Wal-mart have been begged and paid to establish new stores in towns all over America. As soon as the store opens, local shops are forced to declare bankruptcy since they cannot compete with Wal-Marts prices.
Employees are victims for racism, and lack of proper health insurance through the job. Wal-Mart wants to put the responsibility on MediCare in order for them to save money.
The company don’t care about the environment, and they care even less about the Chinese that make all lots of the goods you by for a cheap amount of money.
They don’t care about you as a customer. Once you have paid for your grocieries, you are left on your own. Security on the parking lot? Forget about it. It costs too much.
Again, this is not a film that I have created, I just want the message to get to the people! Please look at the credits at the end of the film!
Duration : 0:9:51