EMPLOYER BENEFITS
Retaining key employees is essential to every business, and a company’s health benefit program is a key part of the compensation they offer to their employees. Due to the rising costs of traditional employer-sponsored health insurance, U.S. employers are steadily dropping those plans in favor of defined contribution health benefits. Rather than paying the costs to provide a specific group health plan, employers might want to consider a self-funded plan.
A self-funded plan can solve the employer’s as well as the employees’ problem related to the cost-effectiveness of healthcare insurance as it has the following benefits over traditional healthcare insurance:
Retaining key employees is essential to every business, and a company’s health benefit program is a key part of the compensation they offer to their employees. Due to the rising costs of traditional employer-sponsored health insurance, U.S. employers are steadily dropping those plans in favor of defined contribution health benefits. Rather than paying the costs to provide a specific group health plan, employers might want to consider a self-funded plan.
A self-funded plan can solve the employer’s as well as the employees’ problem related to the cost-effectiveness of healthcare insurance as it has the following benefits over traditional healthcare insurance:
- The employer can customize the plan to meet the specific health care needs of its workforce, as opposed to purchasing a “one-size-fits-all” insurance policy.
- The employer maintains control over the health plan reserves, enabling maximization of interest income – income that would be otherwise generated by an insurance carrier through the investment of premium dollars.
- The employer does not have to pre-pay for coverage, thereby providing for improved cash flow.
- The employer is not subject to conflicting state health insurance regulations/benefit mandates, as self-insured health plans are regulated under federal law (ERISA).
- The employer is not subject to state health insurance premium taxes, which are generally 2-3 percent of the premium’s dollar.
- The employer is free to contract with the providers or provider network best suited to meet the health care needs of its employees.
Help meet your Employees' medical needs.
The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.
The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.
It is time to take responsibility for everything from your employees’ mental health and wellbeing to their physical health. That is what companies are doing for their valued human capital that identifies them and allows them to distinguish themselves from their competitors. According to various recent researches, a significant portion of the turnover that major organizations across the globe are facing is due to benefit packages and health coverage offered by their competitors. Employees are much more inclined towards organizations that offer a surplus amount of benefit packages in addition to the right, healthy working environment.
To win the ongoing and continuously toughening talent war among global organizations, it has become very important for organizations to introduce benefits for employees to incentivize them to stay loyal to their organization. Keeping your employees satisfied is a feat that can be achieved through the right management and investment of resources in employee benefit programs like the ones designed for their medical needs.
The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.
The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.
It is time to take responsibility for everything from your employees’ mental health and wellbeing to their physical health. That is what companies are doing for their valued human capital that identifies them and allows them to distinguish themselves from their competitors. According to various recent researches, a significant portion of the turnover that major organizations across the globe are facing is due to benefit packages and health coverage offered by their competitors. Employees are much more inclined towards organizations that offer a surplus amount of benefit packages in addition to the right, healthy working environment.
To win the ongoing and continuously toughening talent war among global organizations, it has become very important for organizations to introduce benefits for employees to incentivize them to stay loyal to their organization. Keeping your employees satisfied is a feat that can be achieved through the right management and investment of resources in employee benefit programs like the ones designed for their medical needs.
About the CHAMP Plan™
The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.
Request a Free ProposalRequesting a free proposal will give you the complete details of how much your company and your employees can start saving through the CHAMP Plan™.
The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.
Request a Free ProposalRequesting a free proposal will give you the complete details of how much your company and your employees can start saving through the CHAMP Plan™.
Introducing the Champ Plan
Enhance your employee benefits while reducing payroll taxes with our IRS Section 125 compliant Champ Plan.
24/7 Telemedicine Access
Provide employees with round-the-clock access to medical professionals.
Prescription Discounts
Help employees save on medications with our comprehensive discount program.
Wellness Programs
Promote a healthier workforce through our tailored wellness initiatives.
FICA Tax Savings
Reduce payroll expenses by leveraging pre-tax employee contributions.
