Limited Benefit Health Plans for Employers
The Problem - Rising Health Care Costs
Healthcare costs continue to rise resulting in run-away health insurance premiums. Health Care spending is increasing two to five times the rate of inflation. Until recently employers have traditionally paid the greater share of their employee’s health insurance premiums in the U.S. Today however, more of the costs are falling on the shoulders of the employees and Employers are looking for a health plan that is affordable, flexible and easily administered.
The U.S. workforce has evolved as full-time employees are increasingly joined by contract, temporary, hourly and part-time workers. In this environment, employers need effective ways to control benefit costs and provide affordable health coverage that all of their employees want and need.
The Solution - Cost-effective Limited Benefit Health Plans
America Protect® can design cost-effective Limited Benefit Health Plans that deliver access to healthcare and provide coverage for employees who may not be eligible for the group major medical plan or who cannot afford the cost. These plans help employers contain costs and still enable them to recruit and retain employees.
Advantages of a Limited Benefit Health Plan for the Employer
- Flexible Plan Designs – Stand alone Limited Medical Plans
- Flexible Premium Options – Monthly, Weekly, or Hourly Premiums
- Flexible Billing Options – Monthly List Bill, Monthly Corporate Bank Draft, Direct Bill via ACH / Credit Card to the Employee
- Plans Improve Recruiting & Retention
- Employer Contribution is NOT Required
- Discounted rates for Employers that contribute a minimum of 50% of the employee cost
- Online Enrollment
- Call Center Enrollment
- COBRA Administration at no cost to the employer
- Customized Enrollment Materials
Advantages of a Limited Benefit Health Plan for the Employee
- No pre-existing condition limitations
- Guarantee Issue – no medical questions are asked during open enrollment
- First dollar benefits, no deductibles or co-insurance
- Prescription coverage options, including discount and fully-insured plans
- National PPO Network, with no penalties for going “out-of-network
- Stand Alone Benefit options including dental, short term disability, cancer, critical illness, vision and life insurance
