Page 14 - Precision Health Plans - Brochure 2024

Commerce Series Value Proposition
Employees are seeking benefits that they can afford. With employer
  contributions sometimes limited, The Commerce Series provides solid
but economical coverage for virtually any employee, with a wide array of
deductible and cost sharing options.
Our Commerce Series plan designs offer manageable copays for the
most common outpatient care and prescription drugs. Deductibles
and Coinsurance apply to other categories of benefits, including more
  expensive outpatient procedures, surgeries, inpatient hospitalizations,
and facility charges. The Commerce Series provides quality protection,
manageable health care, and lower cost - allowing employees an option
to fit their budget.
These plan designs also work well with a consumer driven strategy like
  a Health Reimbursement Arrangement. These products also include
turnkey administration of the HRA.
  Your choice of strong PPO network options or direct negotiation
through Reference Based Pricing.
  Maximize employee satisfaction and employer budgeting strategies by
offering up to four different Precision plan designs to your employees.
Our exclusive Self-Funded Exchange Marketplace with electronic
  enrollment and Group Risk Assessment provides efficiency and educated
direction for your benefit strategies.
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Precision Health Plans: Commerce Series
TRADITIONAL COST SHARING
The Commerce Series applies all employee cost sharing, including Copays, Deductible
and Coinsurance to the Out-of-Pocket Maximum. With copays applying to
prescription drug and office visits, as well as specialist visits and many commonly
used medical services, basic health care is accessible without having to first spend a
High Deductible amount.
WIDE RANGE OF COST SHARING
The cost effective benefits of The Commerce Series can be offered alongside any of our
other plan series, providing flexibility to your employees while holding the line on your
cost. This defined contribution methodology delivers high employee satisfaction by
giving employees the ability to choose benefits based on their own individual needs
with no additional burden to the employer.
WHAT IS A HEALTH REIMBURSEMENT ARRANGEMENT (HRA)?
An HRA is a simple program where an employer sponsors benefits with a high
deductible and then uses the savings to lower the deductible costs only for those
employees incurring related expenses. Because most employees do not spend the
deductible, the savings outweigh the expense.
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