Do You Have Good Claims
Experience?
It’s Time to Make the Split.
MedBen Split Solution is ideal for
employers with 20 or more health plan participants. With the Split, you
share in the savings that come from a favorable claims experience by
split-funding your benefits, while retaining the security of a
fully-insured contract.
The Split works much like a regular health plan – the employer selects the
employee deductible amount, and the employee pays eligible claim costs up
to that deductible. The difference is that once the employee deductible is
reached, the employer covers eligible claim costs up to a preset “employer
deductible”. MedBen then takes it from there. By sharing some of the risk,
you can lower the premium cost of your health coverage.
| For The Employee |
| Normal deductibles, coinsurance and copayments apply. |
| For The Employer |
| The employer selects a deductible that kicks in once the employee deductible is met. |
| For MedBen |
|
Once the employer deductible is met, MedBen pays 100% of the remaining eligible claim costs up to the contract maximums for the plan year |
It’s a safe solution. You receive the security of a fully-insured plan while enjoying the financial benefits of self-funding. And, because you select both the employee and employer deductible amounts, you can limit how much money comes out of your pocket.
It’s a smart solution. MedBen Split Solution is the perfect hedge against double-digit rate increases. Not only do you lower your premiums, you do it without sacrificing the benefits your employees have come to expect. When you “make the split,” everybody wins!
Talk to one of our representatives about what MedBen Split Solution can do for your company. It’s time you start taking advantage of the situation, and benefiting from your good claims experience.
For more information about MedBen Split Solution, please e-mail our marketing department at marketing@medben.com.