Anybody working on the EOM exercise

[clueless]

Is anyone having trouble with the prescription drug calculations for the supplemental plan?

[mwhidden]

Are you still working on the EOM exercise?

[EA4ME]

I'm working on this now. Doesn't seem too bad, but will discuss if anyone else is working on it too.

[meliche]

I will be working on it beginning May. If you are still at that point, let me know!

[meliche]

So I have started working on the module exercise and am stumped with modelling the prescription drug portion for the preferred plan.

I have basically done something similar as for the hospital portion of task 2:

(average claim - 10)x number of events x number of claimants. The sum of this would be the total cost to the employer and then over 1,000,000 (the number of claimants), would result in the cost per employee. What am I missing here? Any help is appreciated!

And also note that I am doing this for an employee where medicare has not kicked in yet.

[jred1979]

Originally Posted by meliche

So I have started working on the module exercise and am stumped with modelling the prescription drug portion for the preferred plan.

I have basically done something similar as for the hospital portion of task 2:

(average claim - 10)x number of events x number of claimants. The sum of this would be the total cost to the employer and then over 1,000,000 (the number of claimants), would result in the cost per employee. What am I missing here? Any help is appreciated!

And also note that I am doing this for an employee where medicare has not kicked in yet.

For an employee, the plan cost is total cost - (10 x number of events), then adjust by the claimaints over 1 million.

Medicare and supplemental are more complex.

[meliche]

Thanks! That was really helpful.

[EA4ME]

Originally Posted by meliche

So I have started working on the module exercise and am stumped with modelling the prescription drug portion for the preferred plan.

I have basically done something similar as for the hospital portion of task 2:

(average claim - 10)x number of events x number of claimants. The sum of this would be the total cost to the employer and then over 1,000,000 (the number of claimants), would result in the cost per employee. What am I missing here? Any help is appreciated!

And also note that I am doing this for an employee where medicare has not kicked in yet.

I think you just have an order of operations issue. I'm using: (average claim - (# of events x 10)) x # of claimants. Adding this up and dividing by 1,000,000 gets the $720 cost of benefit.

[rmandel]

Anyone working on it now?

[almostdone2]

I am starting this today. Would like to be done by the end of the year. Please PM me if you want to discuss.