How to Understand Your Health Insurance Coverage

Understanding ins and outs of your health insurance plan may be difficult, but it’s an important step in protecting your physical, mental and financial health. To help you out, we’ve assembled some health insurance basics that apply to almost any plan. To begin with, there are so many insurance-specific terms that it’s easy to get tripped up and confuse them. Here are four you need to understand: Deductible: This is the amount you must pay out-of-pocket before the insurance company will contribute to any of your health-related expenses. Coinsurance: This is the amount, usually a percentage, that you pay for any health care costs after you’ve met your deductible. For example, if your deductible is $1,000 and you require a service that costs $2,000 and have 25 percent coinsurance, then you pay $1,000 to meet the deductible and 25 percent of the rest ($250), for a total of $1,250. Copay …

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How Big Data Is Changing HR

One of the most revolutionary trends technology has brought to the field of human resources is the development of powerful software that can crunch enormous amounts of data. Through the use of “Big Data,” HR departments can analyze the vast stores of information they possess and identify patterns in employee recruitment, performance and retention that can provide valuable insights into what’s happened in the past — and even make predictions about what’s likely to happen in the future. By basing their predictions on hard data instead of instinct or casual observation, HR professionals can discover insights they may never have found through conventional means, and make confident decisions backed by solid evidence. Using Big Data is “seeing beyond the obvious,” says Luciano Pesci, CEO of Emperitas, a Utah tech company that builds customized business information tools and predictive analytics, and performs market research. “Big Data presents far more than a …

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