TITLE OF SESSION
5 Secrets of the Health Insurance Industry: How to avoid common pitfalls and achieve better results
1. Rx plan spread pricing and rebate sharing
2. Appropriate ranges for health insurance carrier medical trend and administrative costs
3. The relevance of carrier block renewal strategies
5 Secrets of the Health Insurance Industry: How to avoid common pitfalls and achieve better results (level 1)
This presentation will share with participants five commonly misunderstood elements of health plan cost and how to use this knowledge to negotiate more effectively.
Participants will gain a better understanding of:
- Rx plan spread pricing and rebate sharing
- Appropriate ranges for health insurance carrier medical trend and administrative costs
- The relevance of carrier block renewal strategies
- How carrier profits for fully-insured and self-funded plans differ, and why this is important right now
- The mystery of physician and hospital network contracting
Kate Bang currently leads a talented team of professionals to deliver exceptional service and support to employers managing employee benefit programs. Under Kate's leadership, USI Insurance has experienced extraordinary growth in the Cleveland market. Prior to assuming this role, Kate also served USI Insurance as Vice President, Senior Account Executive, and as an Employee Benefits Consultant. She has extensive new business development and client management experience in the employee benefits industry. Kate believes strongly in the use of long-term strategies and individualized solutions for her clients' benefit plans and uses the extensive array of USI resources to provide sensible, affordable, and effective solutions.
Kate has authored articles for local publications and delivered benefits presentations to local, national, and international audiences. Prior to joining the agency in 2004, she was responsible for the establishment and growth of an employee benefits division for an Akron-based insurance agency.
Kate graduated Summa Cum Laude with a Bachelor of Arts degree from Bowling Green State University and earned an MBA in Systems Analysis from Baldwin-Wallace College. She also earned the Certified Employee Benefit Specialist (CEBS) Designation from the International Foundation of Employee Benefit Plans and Wharton School of Business in 2003.