Comments on: Medical Tourism and U.S. Healthcare Reform http://www.satoriworldmedical.com/blog/2009/05/medical-tourism-and-us-healthcare-reform/ Excellence in Global Healthcare Networks™ Fri, 09 Oct 2009 19:40:45 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Medical Tourism http://www.satoriworldmedical.com/blog/2009/05/medical-tourism-and-us-healthcare-reform/comment-page-1/#comment-124 Medical Tourism Wed, 08 Jul 2009 12:54:20 +0000 http://www.satoriworldmedical.com/blog/?p=234#comment-124 Medical Tourism is on the increase quite rapidly and will have quite alarming statistics especially for the US in years to come Medical Tourism is on the increase quite rapidly and will have quite alarming statistics especially for the US in years to come

]]> By: Satori http://www.satoriworldmedical.com/blog/2009/05/medical-tourism-and-us-healthcare-reform/comment-page-1/#comment-91 Satori Mon, 15 Jun 2009 16:55:22 +0000 http://www.satoriworldmedical.com/blog/?p=234#comment-91 The Employer who is the Plan Sponsor would agree to incorporate in the plan design, a portion of the savings generated by using the Satori Global Network ™ (in this example, $40,000 savings) would be used to credit or fund the HRA for the employee. Some employers that are self-funded incorporate a plan design, pay claims and fund the HRA through their Third Party Administrator (TPA) or Administrative Services Only (ASO) vendor, while others are fully insured and pay premiums to the insurance company for the plan design and fund the HRA. Satori World Medical welcomes phone calls to discuss details further. <a href="http://www.satoriworldmed.com/contact_us.php" rel="nofollow">Contact Us</a> The Employer who is the Plan Sponsor would agree to incorporate in the plan design, a portion of the savings generated by using the Satori Global Network ™ (in this example, $40,000 savings) would be used to credit or fund the HRA for the employee. Some employers that are self-funded incorporate a plan design, pay claims and fund the HRA through their Third Party Administrator (TPA) or Administrative Services Only (ASO) vendor, while others are fully insured and pay premiums to the insurance company for the plan design and fund the HRA. Satori World Medical welcomes phone calls to discuss details further.

Contact Us

]]> By: Eric http://www.satoriworldmedical.com/blog/2009/05/medical-tourism-and-us-healthcare-reform/comment-page-1/#comment-78 Eric Thu, 04 Jun 2009 22:00:42 +0000 http://www.satoriworldmedical.com/blog/?p=234#comment-78 The article states, "Additionally, the individual seeking care actually receives a portion of the savings through an employer-funded, tax-advantaged Health Reimbursement Arrangement (HRA) which can be used to offset their future medical expenses." Who funds this savings in the HRA? In the case of a hip replacement that costs $20,000 through the Satori network as opposed to $60,000 through a domestic healthcare provider, is it the employer (and therefore the employer-funded HRA) that is saving $40,000? Or is the insurance company savings as well? It isn't clear as to how the employer and employee are able to "enjoy" this savings. Is the U.S. employer's insurance company crediting a portion of the $40,000 savings at to the employer's HRA at a pre-determined rate due to the employee's willingness to have the procedure done internationally as opposed to domestically (thereby saving the insurance company as well)? In other words, do participating insurors "credit" the employer's HRA? Would like to have a more detailed explanation of the roles of the employee, employer (and employer-sponsored HRA), and insurance company. In the case of a company that is establishing an HRA account, what would be a typical/average monthly contribution and corresponding employee benefit (per annum)? The article states,

“Additionally, the individual seeking care actually receives a portion of the savings through an employer-funded, tax-advantaged Health Reimbursement Arrangement (HRA) which can be used to offset their future medical expenses.”

Who funds this savings in the HRA? In the case of a hip replacement that costs $20,000 through the Satori network as opposed to $60,000 through a domestic healthcare provider, is it the employer (and therefore the employer-funded HRA) that is saving $40,000? Or is the insurance company savings as well? It isn’t clear as to how the employer and employee are able to “enjoy” this savings.

Is the U.S. employer’s insurance company crediting a portion of the $40,000 savings at to the employer’s HRA at a pre-determined rate due to the employee’s willingness to have the procedure done internationally as opposed to domestically (thereby saving the insurance company as well)? In other words, do participating insurors “credit” the employer’s HRA?

Would like to have a more detailed explanation of the roles of the employee, employer (and employer-sponsored HRA), and insurance company.

In the case of a company that is establishing an HRA account, what would be a typical/average monthly contribution and corresponding employee benefit (per annum)?

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