Reduce Medical Costs for Employers and Employees
CompleteCare can move risk away from your organization, lower utilization and premium, and keep your budget consistent.
The Challenge:
Organizations are facing tough budget decisions in the upcoming years. Rising pension contributions, increasing healthcare costs, and flattening revenues are forcing employers to take a hard look at their benefit programs. How can you manage the bottom line while improving your employees’ benefit package?
The Solution:
CompleteCare is a financial incentive that encourages eligible employees to enroll in a spouse’s group medical plan for the opportunity to be reimbursed up to 100% of their out-of-pocket expense. Through CompleteCare, the organization realizes immediate premium savings and the potential to reduce on-going premium costs for the entire group. Additionally, the employee is provided up to 100% coverage for their medical expense.
The Ultimate Win-Win:
Employers save money immediately by transferring the medical plan cost to the spouse’s employer. The employee benefits by getting reimbursed for all eligible out-of-pocket medical expenses without an additional premium. CompleteCare may also reduce the group’s health insurance claims experience and premiums.
Employees Win
- Reimbursements for eligible out-of-pocket expenses: co-pays, deductibles, coinsurance, etc.
- Provides financial relief, especially for high utilizers
- Participation is voluntary
Employers Win
- Immediate savings that grow with participation
- Transfers risk, limits liabilities and controls benefits cost
- Provides opportunity to vacate high cost claims