Employee Health Insurance Plans Assignment Example | Topics and Well Written Essays - 750 words

Employee Health Insurance Plans - Assignment Example The first factor that was considered is the issue of price and the financial implications that each of the four plans would have on both the company and the employees. Of all the four plans, Empire health plan was the cheapest in the individual category at $ 4,217. The family package for Empire health plan was relatively expensive compared to Metroplus although the difference was insignificant (Morrisey, 2008). Regardless, the main emphasis was put on the individual plan cost because employees had the right to opt out of the family plan. For maximum benefits and to attract the backing of the employees, Empire health plan was considered the ideal plan in this front. Another factor that was important in coming up with the decision was the performance measure of each of the four health plans. In particular, aspects to do with adult health and children care were considered and analyzed against state averages. In this aspect, Empire still stood out beating the other three health plans by a big margin. Empire had better scores in all the measures of adult health except in managing medications where it came in second. For instance, in managing cardiovascular conditions empire was the only plan that had all the measures at par with the statewide averages. Aetna on the other hand, had lesser averages in controlling high blood pressure and cholesterol management. The same was true for Oxford and Metroplus health plans. Empire excelled in the other performance measures as well. For example, in managing preventive care, it had the best averages in all the measures. Despite having lesser than statewide average score in adult BMI assessment, its score was relatively better than all the others. The same trend was reflected in the other variables such as managing acute illnesses, respiratory conditions and diabetes. All these variables are important considerations in both female and male adult employees and