5 Important Facts Employers Need to Know About Obamacare … and How We Can Help
FACT
Under Obamacare, the fully-insured plans available for business owners in the small market to implement have less flexibility in their designs and are confined to remaining within specific actuarial values, defined by their metal level (i.e., Bronze, Silver, Gold, Platinum).
As a self-funded plan we have the freedom to develop plan designs that are not only exempt from state mandates but are also not confined to the specific metal level actuarial values that fully-insured plans must adhere to. This flexibility allows a self-funded plan to develop attractive plan designs that may not be common on the SHOP exchange or via another fully-insured option. Contact us to learn more.
FACT
As a business owner, the coverage you offer will have to meet minimum essential benefits – covering both a specific set of services mandated by each state and 60% of employee health costs overall – or you will face monetary penalties.
We’ve got you covered. The plans available under the Health+ program meet Federal requirements and are exempt from state mandates, ultimately creating a more competitive marketplace for employers seeking alternatives to the state or Federal exchange. Contact us to learn more.
FACT
Under the law, fully-insured small-firm plans will be priced according to modified community rating. Claims experience rating will not be allowed.
Our self-funded insurance will still be able to provide an experience-rated option to healthy small groups. Contact us to learn more.
FACT
Plans available from the fully-insured market generally require 70% of benefit-eligible employees to enroll in the health insurance plan.
Health+ understands your employee demographics and has more reasonable participation requirements. Contact us to learn more.
FACT
According to the Heritage Foundation, three House committees have added up the total hours of burden that Obamacare’s regulations will cost Americans: over 127 million hours per year of paperwork.
Health+ provides strong back-end support to help you implement and manage your plan, significantly decreasing the paperwork burden on your staff. Contact us to learn more.
Health care is expensive and will only rise due to Obamacare. Health+ has consistently had rate increases LESS THAN 10% and will have more freedom to continue that trend. You can’t afford NOT to contact us.