Starmark Healthy Incentives, a self-funded plan designed for small business with 2 or more employees, could help you sace money while maintaining traditional health benefits for your employees.
With self-funding, you finance your company’s healthcare plan, funding claim expenses up to a predetermined amount. If the actual expenses are less – you keep the savings; if expenses are greater, there is a limit on your financial risk through stop-loss insurance protection.
Long Term Care Insurance pays for care a person receives either at home or in a facility when he or she needs help with activities of daily living (bathing, dressing, eating, mobility, bowel movement or transfers) due to an accident such as a fall, illness such as Alzheimer’s, or just old age.
To qualify for Long-Term Care a person must lose TWO of your Activities of Daily Living (ADLs):
Today, you can take advantage of the five major benefits of the new health care law.
Preventive Care and Services
Before: Some health plans were allowed to beneficiaries for the costs of many preventive care services.
Now: All health plans except grandfathered plans are now required to provide different types of preventive care services without any cost to the member. Some of the services include colonoscopies, mammograms, vaccinations and prenatal care.
Adults up to Age 26 can Stay on Their Parents Health Plan
Before: Health plans could exclude young adults from their parents health insurance when the individual reached a certain age or became a full-time student.
Now: Young adults can remain on their parent’s health plan until they turn 26.
Coverage for Children with Pre-Exisiting Conditions
Before: Health plans could limit or deny health coverage to children with pre-exisiting conditions, such as diabetes.
Now: The new healthcare law requires health plans to offer coverage to children regardless of whether their health issue was discovered or treated before getting the policy.
Elimination of Annual Limits on Benefits
Before: Health plans could establish a limit on annual or lifetime benefits, which means that people with chronic health problems could end up with limited or no benefits.
Now: Health plans can no longer put limits on the amount of care someone needs.
New Medicare Benefits
Before: Beneficiaries of Medicare drug plans that reached the gap in coverage called the “Donut Hole” receive a 50% discount on brand-name medications covered by their plan.