How is the Lasso MSA doing?

[TwoCents]

Enrollment by Contract - Centers for Medicare & Medicaid Services

According to the CMS January 2019 enrollment file, Lasso has 1,254 members. That's 3rd of the 4 MSAs listed. Security Health/Marshfield Clinic leads the pack at 3,446 followed by Network Health's 1,709, then MVP Health Plan brings up the rear with 203.

 

[craig_ritter]

Thanks to all the agents who helped us! We spent virtually $0 marketing, so 90%+ of our enrollment came through independent agents (some folks found us via press releases or through Medicare publications/website or search).

Doesn't sound like much, but we were pleased with this result. New plans generally have a tough time out of the gate.

Importantly, we funded 1,254 MSA accounts and paid broker commissions on 1/2/19. We had about 100 additional that we worked through in January (RFI's mostly).

We filed our 2020 application today, so more on that in 5 months or so!

 

[gregj]

Craig, many thanks for the update. HDHP/HSAs had a much bigger eligible population, & a president selling them like the Broker-In-Chief, & as with most 'behavior-driven' innovations, they took a couple of cycles to take hold. Zero to 1,254 feels like pretty strong acceleration to this interested observer

 

[goillini52]

Craig, many thanks for the update. HDHP/HSAs had a much bigger eligible population, & a president selling them like the Broker-In-Chief, & as with most 'behavior-driven' innovations, they took a couple of cycles to take hold. Zero to 1,254 feels like pretty strong acceleration to this interested observer

Are you hinting to Craig that you might want a contract Greg?

Hey, your names rhyme. How cool is that?

 

[gregj]

Are you hinting to Craig that you might want a contract Greg?

I'm already in on the ground floor, g

Can't claim to have accounted for much of that 1,254 however....

 

[Devin01]

Craig need a simple answer on how out pocket costs are paid by beneficiaries . We only sold one . like the concept

 

[LostDollar]

If you have not watched it, I would recommend the video Craig and the Lasso president did. I can't remember for sure now, but I thought the payment process was addressed in that.

 

[LostDollar]

Enrollment by Contract - Centers for Medicare & Medicaid Services

According to the CMS January 2019 enrollment file, Lasso has 1,254 members. That's 3rd of the 4 MSAs listed. Security Health/Marshfield Clinic leads the pack at 3,446 followed by Network Health's 1,709, then MVP Health Plan brings up the rear with 203.

Thank you for posting that. I tried to find info a few weeks back but didn't know the right way or places to look.

 

[craig_ritter]

If you have not watched it, I would recommend the video Craig and the Lasso president did. I can't remember for sure now, but I thought the payment process was addressed in that.

Here is a link for those interested:

 

[craig_ritter]

Craig need a simple answer on how out pocket costs are paid by beneficiaries . We only sold one . like the concept

Devin,

Here is a brief summary of how it works:
1. Member presents Lasso Healthcare MSA card at point of service. There is a $0 copay for primary and specialist, etc. We prefer that the member not pay at POS, but theoretically, they can and then get reimbursed later, if they overpay.
2. Provider bills Lasso. Lasso adjusts the claim to lesser of Medicare allowable rates or actual charges and sends the EOP (explanation of payment) to the provider. If under the deductible there is no payment from Lasso Healthcare, if over the deductible, the EOP includes payment to the provider.
3. Provider bills Member the allowable amount under the deductible. Member can pay with the deposit money (via debit card) or other funds. If member paid at POS, the provider would need to refund them.
4. Lasso Healthcare provides a monthly EOB (explanation of benefits) to the member the month following the claims month (we mail EOB's in February for January claims).

Additionally, the member can call our member service line regarding claims questions!