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Differences between UHC and MMO premiums explained
April 9, 2003 -
There are three reasons why the UHC premium will increase so much in July
2003.
- UHC always has been a more costly HMO and this year
is no exception. UHC’s administration fees are more than 5 times
higher than Ohio Med’s. This, of course, causes their premium
to be high.
- For HMOs the state pays 90% of the statewide average
of all HMOs. And because UHC is above the statewide average, employees
who select it will have to pay much more than 10% of the premium.
- Additionally an HMO that was much more expensive
than UHC last year (Summacare) lowered it rates by $30 a month for family.
Most other HMOs lowered their rates too this year. This of course drove
the statewide average down and therefore made UHC soar even higher above
the statewide average—thereby increasing the employee’s
share of the premium for UHC even more.
With the changes in plan designs, there are very few
differences between UHC and the Ohio Med PPO. See the comparison chart
below.
Differences between UHC and Ohio
Med.pdf
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