Gain control over your health care expenses.
Employee benefits are closely intertwined with:
- Recruiting
- Retention
- Productivity
Options for providing health insurance include:
- Qsehra (cheap and least effective)
- SHOP
- Level-self funded (superior features and pricing versus traditional)
- Traditional group insurance
- Supplemental: dental, vision,maternity, hospital indemnity, chronic and critical illness, disability, pet, international travel, etc.
Cost advantages:
- Predicted healthcare use base on actual employee history rather than broad averages.
- You determine deductibles and copays, which are usually lower than with traditional carriers.
- A portion (50%) of funds allocated for paying medical claims that go unused are returned to you after the end of the plan year.
- You determine cost sharing with employees.
Care advantages:
- Comprehensive coverage including office visits – not a catastrophic plan.
- You can keep the same doctor network you have now if desired.
- Access to doctors across state lines.
Ease of administration:
- Prompt claims processing.
- Paperwork is handled for you, with monthly reports on claims.
- Dedicated contact person at plan administrator. I’m on call 24×7 to take care of any questions.
Reliability:
- top loss component ensures that there are no surprises during the plan year. The unexpected is covered.
This program has been one of the best kept secrets in the insurance industry for more than a decade. It’s available nationally, although requirements vary by state.
