The Convertible Health Plan^SM (our HRA) is the Answer for Runaway Health Insurance Costs

Employees want first dollar coverage for medical care, but employers need to regain control of their benefits costs.

The Convertible Health Plan^SM (CHP) is the answer, because it . . .

• Reduces health insurance premiums,
• Provides first dollar coverage for medical care,
• Makes employees aware of the high cost of medical care and rewards those who use their medical plan wisely,
• Benefits ALL employees, healthy or sick,
• Puts an end to runaway health insurance premium increases by reducing loss ratios on the employers’ major medical plan,
• Provides broader coverage than offered by most health insurance!

First Dollar Coverage and an Incentive to Save

Employees are covered by a high deductible health insurance plan as a major medical benefit, and the CHP to provide first dollar coverage for expenses below the deductible. The CHP is used to pay for care.

The CHP itself contains two components:

1. A Section 105 medical reimbursement plan with a benefit limit set by the employer, and
2. An Employee savings incentive plan with an initial value that is also set by the employer, but declines as medical bills are paid.

As employees file claims over the course of the year, they are paid under the section 105. At the same time, the potential rollover from their savings incentive plan decreases accordingly. At the end of the year, whatever is left in the incentive plan may be rolled over for future medical expenses.

1st & 3rd Year Sample