Medical Insurance Plans have become extremely expensive.
Employers play the game of increasing employee deductibles and co-pays to lower premiums yet provide medical insurance for their employees. On any given year many (most probably) employee participants do not even reach their deductible limits and have to pay out-of-pocket for much of their healthcare (and pay high monthly premiums in addition).
Non-Traditional Plans offer a new approach to healthcare.
These plans focus on direct personal care (with protection for major issues) without the traditional networks. Participants are "cash patients" and only pay for the services rendered without the "negotiated insurance pricing" (typically cash prices are much, much lower). Non-Traditional Plans typically consist of two parts: a Direct Care Component (+ other benefits) and a Cost-Sharing Arrangement (for protection vs a major medical incident).
Non-Traditional plans have several advantages vs traditional medical plans including: lower cost (30%+ less expensive), no networks, minimal participation requirement (2), flexibility to offer to 1099 employees or a select group of employees (in part or hole), and easy administration.
We've seen great results for these plans in: Franchises, Service Companies, Non-Profits, Businesses with 1099 Employees, Small Companies, and even large, self-insured companies.
We utilize 2 Non-Traditional Plan Providers:
HIPnation: Primarily in the Atlanta Market
Health Access Solutions: Nationwide (and in Atlanta)
We'd love to speak with you about your particular situation and see if these plans could be a solution for you.
Please contact us or complete our Non-Traditional Plan Questionnaire to get started.
*Please note, all concepts, strategies, and products mentioned may not be suitable for you or your company. Information provided is not intended to be legal or tax advice. Please consult with your tax and legal advisor for specific tax questions.
Employee Benefits
Non-Traditional Plans