Christina Merhar: 10 Analogies to Help Explain Defined Contribution Healthcare
Submitted By Anonymous, Created 04/28/2014 - 10:10
- Defined contribution works like an allowance for health insurance
- Defined contribution is like a stipend for health care
- Defined contribution is similar to a gift card for health insurance
- Defined Contribution is like a 401k for healthcare, whereas a Defined Benefit plan is like a pension
- Defined Contribution is like an all-you-can-eat-buffet whereas a Defined Benefit plan is a prix-fix menu
- Defined Contribution allowances are like business expense accounts for health insurance
- Defined Contribution Software is like QuickBooks online for defined contribution administration
- With Defined Contribution software, employees have 24/7 Fed-Ex like tracking on their reimbursement requests
- Individual health insurance is a policy you purchase for yourself and your family - just like car insurance
- The Individual Health Insurance Marketplaces are like an Amazon or Expedia for health insurance
Source: Zane Benefits
Source URL: http://www.zanebenefits.com/blog/bid/309167/20-Analogies-to-...