Everywhere we look now, the business world is changing. New technologies, innovations, different customers, expectations. It’s all constantly evolving.
So ask yourself this question: If markets are evolving, why isn’t your health insurance plan?
Most companies still purchase their health insurance plans the same way they did 10-20 years ago. They go to an insurance agent and choose a traditional group health insurance plan through a major carrier.
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But what if we told you there is another way?
That instead, you could have a real solution for your company’s health insurance. One that consistently balances employee needs with your budget, rather than the other way around.
What this requires is a new way of thinking about purchasing benefits. We call it the ClaimLinx Simple Option Solution, a plan that combines a high-deductible health insurance plan from a major carrier with a self-funded Medical Expense Reimbursement Plan (MERP). The trick is to take the best of both types of insurance.
From the high-deductible plan with a carrier, you receive:
- Wide physicians and facility network
- Discounts on office visits and procedures
- Stop loss in case an employee has high medical costs
From the Medical Expense Reimbursement Plan receive:
- Customized copays and deductible
- Real data on employee usage
- Tax benefits of self-funding your medical plan
Related Post: ClaimLinx Glossary: Medical Expense Reimbursement Plan (MERP)
Purchasing health insurance this way means you’re able to cut costs because you’re no longer prepaying the insurance company for services employees don’t need or use. It’s a way of redistributing the funds for your plan so you can get the most out of it.
Not only that, but also the ClaimLinx Simple Option Solution offers an opportunity to take the savings and reinvest it in employees’ benefits or anywhere else in the company.
Stop paying for insurance the same old way and see what a change can do!