Limited Benefit Medical Plans: A Smart Solution
Currently, average health plans are predicted to exceed $7,000 per employee, per year and by 2010, these costs could reach $12,000 per employee. These skyrocketing costs are causing employers to consider not providing health insurance, leaving employees with fewer options. Companies not offering health insurance also face greater challenges in recruiting and retaining quality talent. Employers can overcome these obstacles by providing limited benefit medical plans.
Most companies have a wide range of employee income-levels and one health plan does not always meet the needs of all those employees. What might be affordable for the CEO might not work for entry-level or administrative employees. By offering a limited benefit medical plan in conjunction with a comprehensive plan, you can satisfy the insurance and financial needs of all your employees.
Why Limited Benefit Medical Plans Make Sense
- Enables employers to continue to offer insurance
- Cost effective solution for those that can’t afford comprehensive coverage
- Premiums between $50-$250/month
- No deductibles, no caps
- Covers all basic healthcare needs and then some
- Provides more benefits at a lower cost
- See physicians from PPOs versus understaffed clinics
The Century Healthcare, LLC Advanced Intermed HealthPlan™
Designed to offer the most coverage for everyday medical services versus rare illnesses or catastrophic injuries, the Advanced Intermed HealthPlan™ provides a mainstream insurance solution for those employees with tight budgets where affordability is critical. The CHC Advanced Intermed HealthPlan™ is the closest to a comprehensive insurance plan, with the exception of catastrophic coverage, in the market. Participants can see reputable physicians to take care of their medical needs, including doctor visits, surgeries, hospital stays, diagnostic services, prescriptions and more, at a much lower cost.
