| Stabilize & Shore Up Your Business – Know what you know |
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| Written by Brian Robertson |
| Wednesday, 07 April 2010 00:00 |
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It sounds funny to suggest that you “stabilize” your business when there is so much we don’t know about health care reform and how it will impact limited medical. I’m sure you’ve seen reports or heard discussions about the demise of limited medical as a result of health care reform. Maybe you’ve had clients who were reluctant to start a plan because they weren’t sure about the future of health care. The fact of the matter is that here at Fringe Benefit Group we have plenty to keep ourselves occupied while clarification begins to trickle out of the government. What we do know and what we have seen in the past week is that employers are still looking for solutions to rising health care costs and that limited medical plans can play a big part of the solution you provide to employers.
We know we want to lock customers into rate stable plans with rock solid administration for the next few years. This will allow you and your clients to focus on the changes they will have to make in the future, whether that is 2014 or some other date. Change is coming – get ready to face it head on. We know we have great online tools that can make life easier for HR and billing departments. For example – we have a new, online missed premium function that works great for tipped employees. There are tens of thousands of restaurant workers who can now pay for their health insurance with their credit card. That’s a really cool feature for them. There are hundreds of companies across the U.S. who are using a first generation limited medical plan – today’s plans are much richer and robust, and offer great rate stability. It only takes minutes for employers to upload their eligibility files – Fringe Benefit Group takes care of the rest so don’t hesitate to encourage them to switch plans. Contact us today to learn if your client is eligible. We know we have co-pay based limited medical plans and fixed indemnity medical plans that you can use to create the most sensible offering for your clients. Some of you like co-pay based plans and others like fixed indemnity – if you’re working with an employer who is emphatic about one versus the other, give them what they want. Let us administer it and take care of that client so you can keep focused on growing your business. Framework Health Plan will be stable and solid through these changes and we will adapt as necessary once we know more. |
