Time is Right – Now – To Lower Out of Pocket Expenses
Published Jan. 14, 2021
Open enrollment has ended, the renewal rush is over and it’s now time to curb employee out-of-pocket expenses. Sounds a little crazy, but you can make this a reality for any group with a high-deductible major medical plan.
You can even formulate this supplemental group plan – fine-tuning an illustrative quote -- in just minutes without leaving your computer.
Need yet another reason to jump at this opportunity?
OptiMed GAP can be fully paid by the employer or funded in whole or in part by employees. Each of these parties is likely to soon receive, or have recently received, COVID relief funds. No better time to sell than when your prospect has purchasing power, easing the task of persuading them to invest in reduced exposure to the possibility of hefty medical expenses.
OptiRater on a Roll
Efficiency hasn’t been this good since Henry Ford devised an assembly line for the Model T[i]. No more emailing a quote request, then waiting a business day or more to get back the first rendition. The extensive customizability of OptiMed GAP has been made simplified with OptiRater.
If you’re not yet using OptiRater, when it comes to generating illustrative rates you’re still driving a Model T. This online quoting platform was introduced several months ago. Besides the speed of assessing coverage contingencies, OptiRater enables brokers to generate online quotes while teleconferencing with clients.
Zoom screen sharing OptiRater is the ultimate transparency for establishing the trust relationship that previously occurred through in person meetings.
How Good is GAP?
GAP is supplemental to major medical coverage. It can be designed with benefits for inpatient medical services only, outpatient only, or a combination with a range of deductible levels. Various riders are available to cover prescription drugs, office visits, mental and nervous disorders, and more. HSA-compatible options can also be devised.
Plan options vary by the state of issue and by insurance carrier. Some combinations have more options than others. Again, OptiRater is essential to sorting options and helping achieve a desired price point.
Extensive plan information and marketing/enrollment resources are readily available elsewhere on this site.
GAP plans include OpiMed’s Value-Added Services consisting of telemedicine, WorkPlace Wellness, Employee Assistance Program, a nurse-staffed wellness line, Section 125 POP plans and COBRA administration.
Starting Off Right
Don’t let it be a dreary January. You can ditch the doldrums by contacting your groups to explore lowering out of pocket expenses with an OptiMed GAP Plan that fits any combination of employer/employee budgets.
Don’t forget to mention WorkPlace Wellness which can provide plan members guidance from a registered dietician to help make the customary New Year’s Resolution a reality – dropping some excess pounds.
Losing weight is just another reason that the time is right – right now – to make sure your HDHP groups are aware of the opportunity to reduce out of pocket medical expenses.
Contact the OptiMed rep from whom you received the email that sent you to this blog, or call 267-759-2927, or click the button below to set up an OptiRater orientation.