WHY IT WORKS:

• 46% OF EMPLOYEES DON'T USE THE INSURANCE PLAN, CREATING "LOST PREMIUM"
• 48% OF EMPLOYEES ONLY USE THE PLAN FOR AN OCCASIONAL DOCTOR VISIT OR RX
• LESS THAN 4% OF EMPLOYEES REACH THEIR HEALTH PLAN MAX OUT OF POCKET

HOW IT WORKS:

Step 1:

Replace current high-cost traditional fully insured medical plan with a premium-savings PPO health plan (HDHP PPO)

• Save 20-50% on premiums
• Flexibility of PPO platform
• No referrals or medical group limitations

Step 2:

Deposit premium savings into a trust spending account with Benefit Advantage, a certified Third Party Administrator (TPA)

• Savings are deposited tax-free
• Savings are safe and secure in trust account with TPA

Step 3:

Implement one of Benefit Advantage's proven and easy-to-use "shared-funded" benefit plans to mirror current employer group plan benefits

• 72% of Americans spend $500 or less annually ($42/mo) on healthcare
• Savings used to cover benefit differential if and when claims occur, up to plan limits, then carrier pays 100%
• Plan members issued Benefit Advantage medical ID card

Step 4:

Benefit Advantage ties everything together with expertise and proven claims processing system that is transparent to employee

• Benefit Advantage administers and processes employee claims for the employer, with quarterly reporting and web-based employer interface