Given the dramatic changes that have swept across the health insurance environment over the last few years, providing Retiree Medical benefits has become an enormous financial and administrative burden for most organizations. If you are facing this challenge, chances are great that your time, finances and resources are spread very thin.
Consuming your resource are
- Health insurance costs
- Increased administrative burden
- Open enrollment administration
- Billing and collections
- Ongoing customer service issues
- Managing benefits of multiple health plans
- Managing FASB 106/GASB 45 obligations
- Retiree drug plans
Plan highlights
- Providing organizations with the advantage of predicable and manageable costs
- Takes full advantage of the benefits offered through Medicare
- Ongoing professional retiree plan management
- Dedicated retiree customer care specialists available
- Single plan carrier for nationwide retirees
- Prescription drug program
- Excellent rates
- A+ rated carriers
- Options of your under age-65 retirees
- Plan can be offered on a voluntary basis
- Split billing – eases the burden on Human Resources
- Reduced FASB 106 and SOP 92-6 liability
- Electronic claims payments – reduces claims problems
- Two year rate guarantees available