Suggest one (1) plan that you would use to purchase health insurance for your organization. Determine the extent to which employee lifestyle choices and health economics would factor in to your chosen plan. Explain your rationale>

                                               Plan I Chose to Purchase Health insurance For My Organization

When it comes to selecting a plan for my company, I'm not sure which is the best because each has its own set of problems.For instance,  in some cases, employees may be able to select their own health care package for certain employers, whereas some employers only have or prefer a single plan. Some plans provide extensive dental, vision, and medical coverage.  However, If I had an opportunity to pick a health plan for my organization, I would  go with Health Maintenance Organization (HMO) insurance plan. This plan offers a wide variety of healthcare services to members or employees across a network of providers that have committed to provide services to them.

Employees with an HMO would have access to a wider range of benefits. In most cases, the  employee will be able to choose his or her primary care physician (PCP). One thing that HMO health insurance policies require that other health insurance plans do not is a referral from your primary care provider in order to see a specialist. Health-care premiums are lower within HMO plans. Employees might or may not be expected to pay a deductible, and if they are, the co-payments would most likely be negligible. However,  with an Health Maintenance Organization insurance plan an employee can not be covered for services if he/she uses an external provider unless the primary care physician referrers the employer (Ghaddar,2018).

Step-by-step explanation

Determine the extent to which employee lifestyle choices and health economics would factor in to your chosen plan

• Employee's income, annual cost of premiums, whether the premium will be met, whether there will be a co-pay

When it comes to determining which health care plan is right for employees based on their lifestyle and health economics, there are a few things to consider. Hence when choosing a health insurance plan, one of the most significant factors to consider is the employee's salary. Moreover, the annual cost of premiums, whether the premium will be met, whether there will be a co-pay any time you visit the doctor, and the cost of prescription medications prescribed for care are all financial considerations to consider. Some health policies don't cover unnecessary expenses including x-rays or blood tests. It's likely that not getting medical coverage for all of your medical needs would place you in financial trouble (Ghaddar,2018).

• Need

   Another consideration when buying healthcare coverage plan is the need of the employee. Since it is cheaper to pay for care out of pocket, a wealthy person does not need to buy a health insurance plan. Additionally, since there are more people in a family, it is necessary to control their financial budget to ensure that all members of the family are medically insured while also being able to afford other items. Elderly people aged 65 and above are entitled to free health care coverage. Getting health-care coverage allows communities to have greater access to health-care providers, resulting in enhanced health outcomes. It assists in the elimination of operating costs by making citizens healthier. There would be a cost-sharing agreement that was equitable.