Page 6 - Precision Health Plans - Brochure 2024

Industrial Series Value Proposition
In today’s times of health care crisis and financial uncertainty, employers
  seeking to provide elite benefits with first-dollar coverage to valuable
employees turn to The Industrial Series.
Our Industrial Series plan designs offer extremely rich benefits focused
on manageable copays for almost all outpatient care and prescription
drugs. Deductibles and Coinsurance apply to very limited categories of
  benefits, primarily inpatient hospital and facility charges. Copay plan
designs like these provide increased predictability, allowing employees
to better budget for medical expenses. As a result, The Industrial Series
yields high employee satisfaction.
The HRA EZ Plan design options combine the above strategy with single
  deductibles, which lend added simplicity to an employer's cost sharing
strategies and communication. These products also include turnkey
administration of Health Reimbursement Arrangements (HRA).
  Your choice of strong PPO network options or innovative facility 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: Industrial Series
INNOVATIVE HYBRID COST SHARING
The Industrial Series uses a unique Deductible and Coinsurance Maximum that
limits employee costs for unexpected and expensive medical encounters such as a
hospital stay. All plans also protect against excessive costs associated with copays by
including an Out-of-Pocket (OOP) Maximum that is compliant with ACA regulations.
By far, most medical encounters are covered by manageable copays as indicated on
the following pages. This structure keeps employee costs more manageable than most
other benefit plans offered in today’s marketplace while still limiting maximum out of
pocket exposure.
WIDE RANGE OF COST SHARING
The rich benefits of The Industrial 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, giving them
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 exposure. The HRA EZ plans in this series
make it easy to introduce while we handle all of the administrative work.