Premier Benefits Plans, Inc

The world of healthcare continues to change. Premier Benefit Plans, Inc. is committed to providing state of the art comprehensive plan alternatives that produce savings.

Premier will evaluate available plan data and utilization reports on current programs and suggest viable alternatives. We will provide your company with the following:

Comprehensive benefit comparison
Detailed cost analysis
Medical provider match reporting
Evaluation of selection of best carrier/network
Manage/conduct entire employer education and enrollment process
Coordination of online communications
Monthly administrative reporting and monitoring
Assistance with COBRA/HIPAA issues

Types of Plans Available:

CDHP (HSA, HRA)
HMO
EPO
POS
PPO
Traditional Indemnity Plan

CDHP	CONSUMER DRIVEN HEALTH PLANS HEALTH SAVINGS ACCOUNTS (HSA) HEALTH REINBURSEMENT ACCOUNT (HRA)
	Combination of a tax favored savings account and a qualified high deductible insurance policy Lower premiums than other plans More predictable budgeting to employer Employees are empowered to manage the cost of medical care Presents employee with tax advantage and tax free investment build up with lifetime ownership
HMO	HEALTH MAINTENANCE ORGANIZATION
	Network based plan Primary care physicians/specialists Referrals are required to see a specialist No claim forms required Copayments apply

	Network based plan Primary care physicians/specialists No referrals necessary No claim forms required Copayments apply
POS	POINT OF SERVICE Dual Option of in network or out of network
	In Network Primary care physicians/specialists Referrals are required to see a specialist No claim forms required Copayments apply	Out of Network Access to any physician Coinsurance Annual deductible Claim forms required
PPO	PREFERRED PROVIDER ORGANIZATION Dual Option of in network or out of network
	In Network Primary care physicians/specialists No referrals necessary No claim forms required Copayments apply	Out of Network Access to any physician Coinsurance Annual deductible Claim forms required
TRADITIONAL	INDEMNITY PLAN
	Access to any physician Coinsurance Annual deductible Claim forms required

Least Expensive >>>> Most Expensive
Consumer Driven Health Plans	Health Maintenance Organization	Exclusive Provider Organization	Point of Service	Preferred Provider Organization	Indemnity
(CDHP) (HSA,HRA)	(HMO)	(EPO)	(POS)	(PPO)

These products can be funded in various ways:

Fully insured
Under a fully insured plan, the rates are guaranteed for a twelve-month period based on the census of current employees, industry adjustment factor, and claims experience. The advantages of this type of program are as follows:

Finite expense with minimal risk to the company.
Allows the ability to take advantage of a good industry adjustment factor and demographic.
Depending on the carrier selected, claims experience may be available on renewal.
First year claims are blended against manually rated block of business with most carriers

Self Funded
Under a self funded insured contract, the employer pays fixed costs every month. Included in these costs are individual and aggregate stop-loss costs, as well as administrative services and network access fees. These charges are represented as the minimum cost. Each claim is also charged against the employer's bank account on a weekly, bi-weekly, or monthly basis. These costs are represented as the projected maximum charge. The reinsurance carrier will pay claims that are over the individual stop loss. Should a group, as a whole, run above the projected aggregate cost, the reinsurance carrier will absorb these costs. Essentially, an employer absorbs the risk of the claims until the individual and aggregate stop loss points are reached. The following are some of the advantages:

Allows greater flexibility in paying claims or authorizing payment.
Exempt from state laws and regulations such as premium taxes and mandatory benefits.
Improves cash flow by allowing a company to capitalize on low utilization and claims lag of two to three months.
Allows access on a monthly or quarterly basis to claims experience

Lower rates as a group
Coverage is purchased as a whole entity under a master policy. In turn, this results in attractive rates lower than individual policies.

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