Advantage Health Plans Trust: Fill & Download for Free

As a member of a religious order (American Cassinese Benedictine), I can confidently say:Some members of our community have jobs that pay their medical insurance (Blue Cross/Blue Shield). Those without such jobs have their premiums paid for by the community—as all their other needs (food, heat, clothing, etc) are paid.Costs beyond what insurance pays are paid by the community. This would include copays, and non-covered treatments.We have made provision as a community to fund our retirement, including health care costs of the elderly. This is comparable to a person preparing for retirement via pension plans, government programs like Medicare or Social Security, IRAs and other plans, trusts, and so on. While a monk is active and working, even at administration or other non-paying works such as formation, a contribution is made each year to the fund; those who are retired or disabled will be funded by withdrawals from the fund, or from current assets and income.By being members of a larger community—compared to most families—we have the advantage that a big health care bill is not necessarily catastrophic.On the other hand, we are also know to refuse expensive or extraordinary treatment if it does not hold out promise of recovery or is simply delaying the inevitable death. This does tend to hold down health costs, as does caring for our members at home rather than immediately finding nursing homes to care for those who need some daily help.

Good luck.The reserve requirements alone would prevent most people from even wanting to start this. You have to have significant cash just sitting there without even collecting a dollar in premiums. What’s more, you’d need actuaries and underwriters on staff from day 1, marketing, sales, operations, legal, and technology departments or the best people you could find to be teams of 1.You’d then have to outperform or under price entities MUCH larger than your company that here had decades of experience in turning profits after accurately assessing risk. Not to mention everyone knows and trusts them already.You would have to get your company approved by your states department of insurance and would have to get approved in all other states in which you intend to sell business. The regulatory requirements are brutal.It is easier to create your own health PLAN, not company. They are distinct. By comparison, you can become an administrator and call your plan “New Insurance” if you wanted. Rent a carrier network and hire a small team to help you process claims. You also help the client by finding them stop-loss coverage, which is insurance to help pay for claims. You could get by with a much smaller staff and may be able to outsource. You could also approach a larger administrator and then split the admin fees with them to create your own white-labeled health plan. Be creative! None of this is easy and the competition is fierce. You would also need agents to sell it and many are stuck in their ways not wanting to learn about a new plan or organization. Why would they if they have done well without for 20–30 years? I’m one that would learn about and sell a new plan if it made sense but the product had to have significant advantages over my current offerings.Hope this helps!

Remember that unless you are a Veteran, Medicare beneficiary or service member or your health plan, health care provider (doctor or hospital) or other entities where you seek care use Blue Button, it may not yet be available to you. When it becomes available, the Blue Button should allow you to download and/or print your own health information without using any special software. You shouldn’t need any special technology to take advantage of Blue Button’s ability to make it easier for you to view, download and share your personal health data with others you trust. However, you may want to consider using a personal health record to store and manage all your health information in one place. Increasingly, more health plans, health care providers, nursing homes, pharmacies, laboratories and other institutions that have your health information on file are offering you a portal or personal health record—a place for you to store and manage your health information online. You can also sign up to get one on your own.(from http://www.healthit.gov/providers-professionals/faqs/what-kind-technology-do-i-need-access-blue-button )