Puerto Rico Provisions as to Compensation for Medical Director's Contract with Health Care Agency

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A compensation package is the combination of salary and fringe benefits an employer provides to an employee. When evaluating competing job offers, a job-seeker should consider the total package and not just salary.


There is almost an unlimited number of potential benefits packages offered by employers. Some employers offer them at the employee's expense, some pay all of the costs, some pay part of the costs. Benefits include such things as vacation days, sick days, personal days, paid company holidays, pension plans, stock ownership plans, health insurance, dental/eye insurance, life insurance, and more.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Can I keep my U.S. health insurance plan in Puerto Rico? If you are traveling to Puerto Rico for a short amount of time, your U.S. health insurance plan will continue to cover you. If you plan on moving to Puerto Rico from the U.S., you will most likely need a new health care company.

The short answer to the first question is generally no. Most international plans do not meet that ACA compliance benchmark. They are typically designed for any international living in a foreign country and do not attempt to meet the specific requirements of individual countries.

Can I keep my U.S. health insurance plan in Puerto Rico? If you are traveling to Puerto Rico for a short amount of time, your U.S. health insurance plan will continue to cover you. If you plan on moving to Puerto Rico from the U.S., you will most likely need a new health care company.

The administration waives the law's requirements for insurers selling policies in the U.S. territories since it does not require residents there to get coverage or provide subsidies.

The Affordable Care Act ("ACA") and its regulations have been incorporated into the Puerto Rico Health Insurance Code, as amended, and guidance has been issued by the Office of the Insurance Commissioner to such effect.

The 34 independent and locally operated Blue Cross Blue Shield companies deliver health insurance coverage to one in three Americans across all 50 states, the District of Columbia and Puerto Rico. In addition, the BCBS Federal Employee Program® insures over five million federal employees, retirees and their families.

There are three types of managed care plans:Health Maintenance Organizations (HMO) usually only pay for care within the network.Preferred Provider Organizations (PPO) usually pay more if you get care within the network.Point of Service (POS) plans let you choose between an HMO or a PPO each time you need care.

Public Healthcare in Puerto RicoNo, healthcare is not free. However, the government provides insurance for those who qualify for the la Reforma, a government-funded program.

The purpose of a medical director agreement is to memorialize the responsibilities of a physician, which typically entail supervision and delegation, and address physician compensation.

Unfortunately, most domestic health insurance policies dont provide coverage outside your home country. In general, domestic plans limit their coverage to specific geographic areas.

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Puerto Rico Provisions as to Compensation for Medical Director's Contract with Health Care Agency