Here are five key notes:
1. CMS was one of the first to move forward with bundled payments for joint replacement. CMS seeks to position 30 percent of all Medicare fee-for-service payments toward an alternative reimbursement method such as the bundled payment model in 2016 and 50 percent of these payments by 2018.
2. Along with the bundled payment model, a lump sum insurance policy is also becoming a more popular option for individuals who are diagnosed with a serious illness such as cancer or heart disease.
3. Results show that 45 percent of employers with 500 or more employees offered these types of health insurance plans in 2015, a rise of 11 percent from a survey completed in 2009.
4. These critical illness insurance policies offer a lump sum of funds for consumers who experience a stroke or are diagnosed with kidney failure, cancer or heart disease, as well as those in need of an organ transplant.
5. Statistics show the average annual premium cost for at least $25,000 worth of coverage was $283. The critical illness insurance policies can be used to cover costs besides general medical treatment and prices of prescription drugs, including travel costs, medical leave from work, and extra costs associated with out-of-network physicians or hospitals.
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