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BCBSAL is classified as a 501(m) company by the IRS. Under state law it is classified as a "special health-benefit service plan", not an insurance company, although its coverage functions like health insurance. As a special health-benefit service plan the Alabama Department of Insurance does not automatically review BCBSAL rates as long as the ...
Health insurance companies, including UnitedHealth Group, don't appear to spend as much on executive protection as some of the Big Tech giants. However, the health insurance industry isn't an outlier.
The severance benefit for a "typical" executive is in the range of 6 to 12 months of pay [125] and "occasionally" includes "other benefits like health insurance continuation or vesting of incentives". [126] Severance packages for the top-five executives at a large firm, however, can go well beyond this.
Common fringe benefits can vary from meal plans to health insurance cover, retirement plans, company cars and even interest-free loans for the purchase of housing. Fringe benefits are also often tax deductible for the employee. The level of STI relative to basic salary is typically a function of seniority eg. a junior executive may have an STI ...
Approximately 93% of the working population in the United States are employees earning a salary or wage. [1] Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
J. Patrick Rooney, chairman, president, and chief executive officer of Golden Rule Insurance Company until his retirement in 1996 [26] John Rowe, chief executive officer of Aetna from 2000 to 2006 [27] V. J. Skutt, president and chief executive officer of Mutual of Omaha until 1984, [28] later named chairman emeritus [29]
According to a study by a pro-health reform group published February 11, the nation's largest five health insurance companies posted a 56 percent gain in 2009 profits over 2008. The insurers (Anthem, UnitedHealth, Cigna, Aetna and Humana) cover the majority of Americans with health insurance. [152]
Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States–based federation with 33 independent and locally operated BCBSA companies that provide health insurance to more than 115 million people in the U.S. as of 2022.