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Start a path to savings on insurance

by ClaimLinxAugust 11, 2023August 11, 2023Leave a comment

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ClaimLinx helps businesses cut costs on their health plan without changing benefits. As a combination consultant, insurance agency and third party administrator, we use an alternate strategy for purchasing insurance that works for everyone.

How Small Businesses Save

ClaimLinx combines the best of traditional insurance with a self-funded plan. It cuts costs without changing a company’s benefits. We call it the Simple Option Solution.

Step 1: Make a change

First, ClaimLinx helps you choose a high deductible insurance plan either with a major carrier. We shop for the best rates and provide the company with the best options. Moreover, this plan provides:

Wide physician and facility network
Discounts on office visits and procedures
Stop loss in case an employee has high medical costs

Step 2: Keep your benefits

Then, ClaimLinx combines this plan with a self-funded Medical Expense Reimbursement Plan (MERP) administered through ClaimLinx. This plan is custom to the each client. Additionally, this part of the plan provides:

Customized copays and deductible
Real data on employee usage
Tax benefits of self-funding your medical plan

Why it works

The ClaimLinx Solution saves companies thousands on health insurance. Combining these two types of plans creates a seamless benefits package.

What’s more, your employees will love it, and you will love the price. On average, our customers save 20% or more in the first year. Then, we continue this savings trend year after year. Each year, we take a look at your company’s budget and needs and adjust your plan accordingly. Our service is personal to you and your company.

Finally, we know how important it is that your employees have the benefits they need without busting your company budget. It’s a challenge for all business, but we have a unique solution you won’t find anywhere else. So let us guide you on a path to a new type of plan.

Reasons To Choose Claimlinx For Health Insurance In Ohio

by ClaimLinxJune 23, 2021July 23, 2021Leave a comment

Claimlinx Insurance Options

There are a variety of options that you can use to meet your insurance needs, no matter what your family situation and budget. Here are just a few of the most popular plans Claimlinx can help you get for your business, along with their benefits.

Flexible Spending Accounts (FSAs) is the plan in which you and your employer will be able to save tax-free money to cover health care. Money can be deducted from your salary if you want to.

According to the rules for the employer, He is not going to be able to transfer any unused funds to the next year. You can extend it to a certain amount.

Claimlinx provided amazing services to its customers to help them with deposits, withdrawals, and other necessary issues and assistance.

February 18, 2021. The Internal Revenue Service has provided employers with the option to transfer any unused amounts from 2020 and 2021 within an FSA plan due to the pandemic. They can also change the extension of the exposure period, the FSA plan year 2020, 2021, allow the retirement of the FSA plan to be eliminated, and leave in the middle of the year.

Health savings accounts (HSAs) are similar to FSAS, but the money is only to be used for medical expenses. People also use this account to raise money. The advantage of this is that you can still save money on a tax-deductible, as well as the use of lower-cost health insurance to high-risk. Insurance premiums for HSA plans are not taxable.

Health Reimbursement Agreement (HRA) plans are available to employers who can’t afford to get all the health benefits, but it provides some support to the health services providers. Employees will be paid by a pre-determined amount of money for special medical expenses for themselves and their families. The reimbursement of expenses for professional medical care is not subjected to tax.

The Health care Organization to Plan (HPO) provides comprehensive health care at a low cost by allowing participants to make use of the health care providers in the healthcare organization. The cost savings from the HMO plans can be significantly high.

A Preferred Provider Organization (PPO) plan is similar but has a bit more flexibility. With a PPO, you can go out health care organization for service, although a smaller proportion of the costs will be covered if you have to do it.

Services for Our Members

Claimlyix has a wide range of services for its clients. On the website, you will find the answers to all your questions, and find out the cost of a medical procedure, details of your subscription, you can make changes to your coverage plan, you can check the status of your application, find out the status of your account, you will get a replacement member ID card to gain access to all of the benefits and services to you.

Talk

by ClaimLinxMarch 11, 2021March 11, 20212 Comments

When was the last time your health insurance agent took a look at your company’s plan usage? How about when did he or she last bring you a DECREASE in your overall plan costs?

We’re willing to bet that’s never happened with your traditional insurance broker.

That’s something only a true consultant like ClaimLinx can do.

Not only that, ClaimLinx sits down with you to find out what benefits are important you and your employees. We take a look at the age, health and needs of your employees because we know every company is different. Some companies may have employees with low cost prescriptions. Others may want to prioritize keeping premiums as low as possible for workers.

We listen to what you need and then show you how to make it happen. Best of all, you know you’re getting a great deal on all of it.

What we offer our clients:

Plan analysis from a consultant when making benefit decisions
Personalized service from a team with experience
A customized benefit plan just for your company
Annual savings on a comparable plan

Our highest priority is to make sure our clients receive the employer-paid benefits they want at the very best price possible.

How we do this:

We do this through our unique ClaimLinx Simple Option Solution, an innovative strategy for purchasing benefits that combines a high-deductible plan from a major insurance carrier with a self-funded medical expense reimbursement plan (MERP). That way you get the best of both.

The high deductible plan provides a comprehensive physicians network and a stop-loss in case an employee has high medical costs. The company MERP provides the benefits people are used to, including a lower deductible and copays for regular office visits and procedures. That way you’re always only paying for the services your employees are actually using.

But it’s not just about getting health insurance benefits at a great price. It’s also about having a resource and true ally in an ever-changing industry. With our solution, clients have the opportunity to make employer-paid benefit decisions based on employee usage and company priorities. We aim to finally close the gap between your ideal benefits package and what your budget will allow. ClaimLinx helps both business owners and employees save money on health insurance costs.

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What a Full-Service Insurance Agency Can Do for You

by ClaimLinxDecember 2, 2019November 15, 20191 Comment

ClaimLinx prides itself on being a full-service insurance agency. We offer employer benefit consulting, group health insurance, supplemental insurance, and individual plan consulting. Our dynamite set of services goes beyond what an ordinary health insurance agency does, such as just writing insurance policies once a year. ClaimLinx explains what a full-service insurance agency can do for you in today’s blog.

Year-Round Consulting

Many health insurance companies only consult with you when you’re shopping for a plan for your workers. That process may take less than a month, and then you don’t hear from the insurance agency until next year when the overall plan renews. ClaimLinx does things differently as a full-service insurance company. We offer year-round consulting to save you money on health insurance as an employer-paid benefit.

Making Money on the Savings

Traditional insurance companies typically make money on fees paid to them when they create the initial policy. That’s not how ClaimLinx does things. We earn money on the savings you generate. Our team works with you to choose excellent health insurance coverage melded with a medical expense reimbursement plan (MERP) to lower your costs. We only accept a fee after you save money.

Superior Customer Service

If you have questions, feel free to contact ClaimLinx at any time. We respond to your questions, comments, and concerns about health insurance as an employer-paid benefit. Our expert team consults with you year-round, explains health insurance coverage in full, and includes complimentary elite services for our clients. You receive a lot more than just health insurance from our full-service insurance company. You get an entire team backing you up as you strive to deliver a great benefit for your employees without spending your entire HR budget.

Talk to ClaimLinx

Stop settling for an average health plan when you have a better solution. Partner with ClaimLinx, a full-service insurance company that lets you make the most of your options. Call toll-free (800) 858-1772 or contact ClaimLinx for more information.

Common Employer-Paid Benefits That Increase Employee Retention

by ClaimLinxNovember 22, 2019November 15, 20191 Comment

Employee retention is a delicate balance for small businesses. You want to offer competitive wages and benefits while maintaining cost-effectiveness within your human resources budget. Better retention rates can lower your onboarding and hiring costs, which is why employee retention is a vital aspect of your business model. ClaimLinx explains common employer-paid benefits that increase employee retention.

Health Insurance Benefits

A survey by Willis Towers Watson stated healthcare benefits, including insurance, were the most important reasons respondents stayed with an employer when it came to employer-paid benefits. Nearly half of respondents, or 45 percent, in the 2012 Attraction and Retention Survey cited health benefits as an essential reason to stay there. A Glassdoor survey in 2015 also touted health insurance as valued by 40 percent of respondents. Health insurance continues to be a valuable retention tool when keeping employees with your firm.

Retirement Benefits

The Willis Towers Watson survey also revealed 35 percent of employees said retirement packages were important sticking points. Glassdoor said 31 percent of its respondents liked retirement or pension plans. Consider a 401(k) plan or custom-designed retirement plan for your workers when it comes to employer-paid benefits.

Time Off

Paid time off, flexible schedules, and family leave are all vital benefits that have value for employees. Surveyed workers wanted extra vacation time that accrues every pay period. Flexible work schedules give parents the ability to spend time with children, run errands, or attend school functions for the kids. A 2019 survey from the Work Institute shows work-life balance concerns are increasingly important for workers. Family leave, paid or unpaid, is an important factor when parents begin to take care of newborns. ClaimLinx can help you develop a health insurance strategy that works with your other employer-paid benefits to optimize your costs.

Education

Education benefits can mean company training or tuition reimbursement. This employer-paid benefit comes in handy for workers seeking a promotion, a raise, or even better job satisfaction. Earning a college degree is one way workers can improve their quality of life while reducing their costs. Consider reinvesting in employees who graduate by increasing their responsibilities or promoting them.

Cost of Employee Turnover

The Work Institute states the cost of employee turnover is $15,000 per person. When you think about how much money you spend on employer-paid benefits, having the right ones in place can lower your turnover costs. In a highly competitive job market, retaining employees is more critical than ever.

ClaimLinx and Employer-Paid Benefits

ClaimLinx is home of the ClaimLinx Simple Option Solution. Our team utilizes a holistic strategy that blends health insurance coverage from a national carrier and a self-funded medical expense reimbursement plan (MERP) for optimal savings. Contact ClaimLinx or call toll-free (800) 858-1772 for more details.