MINIMUM ESSENTIAL COVERAGE PLAN
Benefits in a Card offers a Minimum Essential Coverage (MEC) wellness-preventative plan for the staffing industry. Our MEC plan is designed to satisfy both the A Portion (also referred to as the “A Tax”) of the employer mandate and the individual mandate. It also satisfies the B Portion if your employees accept your offer of coverage. The MEC is a wellness and preventative plan that covers all ACA requirements.
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MINIMUM ESSENTIAL COVERAGE PLAN
If you're in need of a reliable MEC implementation provider, look no further. Our key advantage lies in our ability to aggregate the plan on weekly basis, specifically tailored to meet the needs of staffing companies.
SATISFIES THE A PORTION OF THE EMPLOYER MANDATE AND B PORTION IF ACCEPTED
Our minimum essential coverage plan (MEC) satisfies the Portion of the Employer Mandate. It also satisfies the Employee Mandate. The MEC plan is a wellness and preventative plan, covering all ACA requirements.
REASONABLE PARTICIPATION REQUIREMENTS
100% of our clients met our reasonable participation requirements in 2015. Our participation requirements are very reasonable, and we do our best to help you properly implement the MEC and drive higher participation. Our MEC plan helps you mitigate your risk.
SAVINGS
The true beauty of Benefits in a Card system is that you can use your MEC funding to further fund additional benefits, such as dental and term life.
WHY?
We’ve got a secret to share: While the Affordable Care Act sets the guidelines, not all plans are created equal. We know that the key difference in a MEC plan comes down to how it’s handled. All of Benefits in a Card’s plans are aggregated weekly and are managed by our best-inclass customer care team.
MINIMUM VALUE PLAN (HIGH DEDUCTIBLE)
Benefits in a Card offers a Minimum Value Plan (MVP) High Deductible (hd) solution for staffing companies in the USA. Our MVP (hd) is designed to satisfy both the A and B-portions (also referred to as the “A Tax” and “B Tax”) of the employer mandate, as well as the individual mandate. The MVP (hd) is major medical insurance and is aggregated weekly to meet the unique needs of the staffing industry.
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TAILORED ENROLLMENT PROCESS
Our enrollment process for the MVP-hd is specifically designed to reduce the employer’s cost in premium contributions, while ensuring each of your employees understands the best benefits options available to them and their families. Enrollment takes place via telephone to ensure employees understand the MVPhd and what options are available to them.
SATISFIES THE A & B PORTION OF EMPLOYER MANDATE
Our Minimum Value Plan (high deductible) satisfies the employer’s A and B portions of the Employer Mandate. It also satisfies the Employee Mandate. However, by offering this plan to your employees, you will disqualify your employees from receiving a subsidy at the Healthcare Exchange.
BEST-IN-CLASS CUSTOMER CARE
Benefits in a Card offers the best customer care in the industry—to employers and employees alike. All of our customer care representatives are bilingual, and are certified insurance agents. They offer top-notch consulting to your employees to help navigate them to the right benefits decision for them.
ACCESS TO BENEFITS A LA CARTE
Many provides require high-cost indemnity plans in order to access other benefits, such as term life, dental, and vision insurance. The true beauty of Benefits in a Card is that you can access these benefits a la carte, which empowers you to create a competitive, yet affordable, benefits offering for your employees.
WHY?
MVPhd plans are precisely defined to meet the Affordable Care Act’s 60% actuarial value requirement. The plan is specifically designed for employers to satisfy the A and B portions of the employer mandate. However, these plans do carry a high deductible for employees.
FIXED INDEMNITY PLANS
Benefits in a Card offers three levels of fixed indemnity plans for our clients: Basic, Enhanced, and Premier. Our fixed indemnity plans provide first-dollar coverage towards indemnity services with no deductibles or copayments.
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AGGREGATED WEEKLY VS. MONTHLY
All of Benefits in a Card’s plans are aggregated on a weekly basis to meet the unique needs of the staffing industry. Some providers vary in how their plans are aggregated. If a plan is aggregated monthly, it can result in your employees needing to provide an alternative payment method, which will ultimately discourage participation.
CHOOSE FROM THREE LEVELS OF INDEMNITY PLAN
Benefits in a Card offers three levels of indemnity plan: Basic, Enhanced, and Premier. Each higher level provides an increased first-dollar coverage amount for your employees. You also have flexibility in which level(s) you offer. Some clients choose to offer only one indemnity offering; others offer all three. Ultimately, you can choose the plan, or plans, that best fit your particular company.
BEST-IN-CLASS CUSTOMER CARE
Benefits in a Card boasts a 31-year legacy of compassionate and caring service to all of our customers. All of our customer care representatives are bilingual and certified insurance agents. As such, they are able to provide consulting and guidance to your employees as they choose the best benefits offerings for their particular needs. Also, when your employees call our Customer Care Center, we immediately and directly connect them to a live representative.
ACCESS TO NON-INDEMNITY BENEFITS A LA CARTE
Many providers require you to enroll in their indemnity plans in order to access other non-indemnity benefits, such as dental, vision, and term life insurance. Not with us! The true beauty of Benefits in a Card is that you are empowered to assemble competitive benefits packages for your employees that are affordable and that can be tailored to their particular needs.
WHY?
The concept of indemnity plans are all essentially the same, but how a plan is implemented and managed makes all the difference in the world. And at Benefits in a Card, our true strength is in our best-in-class customer care and in that you get access to other non-indemnity benefits (dental, vision, term life, short-term disability, accident, and critical illness) on an individual and standalone basis. This allows you to provide your employees with the flexibility to choose a benefits plan that is best for them without making elections for coverage they might not need.
ANCILLARY INSURANCE SERVICES
One of the many things that sets Benefits in a Card apart is how we offer our ancillary, non-indemnity services. We offer six a la carte ancillary insurance services that you can choose: term life, dental, vision, accident, critical illness, short-term disability.
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DENTAL COVERAGE
One of the most commonly requested employee insurance benefits is dental coverage. At Benefits in a Card, you can easily offer dental coverage to your employees.
TERM LIFE INSURANCE
The second most-request employee insurance benefits is term life insurance. Benefits in a Card makes term life coverage easily available to your employees at an affordable cost.
VISION CARE
Boost the competitiveness of your benefits offerings with Vision Care Coverage. With Benefits in a Card, you can choose to offer vision coverage to your employees without being chained to high-cost indemnity plans.
CRITICAL ILLNESS COVERAGE
A critical illness (whether a heart attack, stroke, kidney failure, or life-threatening cancer) is perhaps one of the most trying things that an employee will ever face, and the last thing he or she should be worrying about is how to cover the associated medical expenses. Benefits in a Card offers Critical Illness Insurance Coverage to help you deliver that compassionate care that your employees deserve.
WHY?
Many providers require you to enroll in their indemnity plans in order to access other non-indemnity benefits, such as dental, vision, and term life insurance. Benefits in a Card does not! Rather, you get the ability to customize your insurance benefits offerings in the way that best fits your business model and employees’ needs.