Mini-med Plans

May 18, 2011

  1. stuy119
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    stuy119 Guru

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    Does anyone have a good carrier for a mini-med plan? I have a group that is looking for one as a stopgap between now and 2014.

    Was going to use Colonial Life's, but evidently they discontinued sales on it recently (and I missed the memo).
     
    stuy119, May 18, 2011
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  2. GreenSky
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    Good and mini-med can't be written in the same sentence.

    Rick
     
    GreenSky, May 18, 2011
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  3. stuy119
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    Fair enough. But they still need a solution.
     
    stuy119, May 18, 2011
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  4. DS4
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    Why not a group health plan?
     
    DS4, May 18, 2011
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  5. stuy119
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    Eh, nevermind. I just found out why they likely discontinued some of the benefits due to PPACA reform limits on plans.

    I had a feeling, but that seals the deal on it. Nevermind.
    - - - - - - - - - - - - - - - - - -
    Carve out of a group due to participation issues. Largely Mexican population who doesn't believe in insurance (yes, yes, I know) and won't pay the 33% of the premium that the ER won't cover. They wanted to use the savings from their other business to fund the mini-meds.

    Good idea, too late in the execution.

    But come 2014, they won't have any option and will be forced to cover everyone. We're working towards that eventuality.
     
    Last edited: May 18, 2011
    stuy119, May 18, 2011
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  6. Michelle Chase
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    Michelle Chase New Member

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    I may have a solution! please message me
     
  7. Northeast Agent
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    I may have a solution! please message me

    Ummm... I hope the OP found a solution, eight years ago!
     
  8. Newby
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    Can you post your solution here? We would all be interested in it if you have a good one you recommend.
     
    Newby, Apr 24, 2019
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  9. Michelle Chase
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    Michelle Chase New Member

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    Okay, please bare with me on sharing as I am new to this site.

    What I attached is our newest Plan. This was put together based on our request from our brokers we work with currently. We have other and we can customized any based on what the employer wants. The Owner of the company was part of the original MSC Legislation for the Gap plans. AHR has been a full administrator from the very first HRA that was released 27 years ago. They are all compliant with the tax codes as a result we provide all the compliance forms and administration as a built in service with all our plans (see attached). Our member retention is 98% and our Employers save between 20-30% on their Premium Costs.

    I scaled back on all we provide so that you don't feel like I am trying to shove too much your way all at once.

    There are many carriers trying to come up similar products, but none are even comparable.
     

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