Secondary Insurance Tax Incentives
What is Secondary Insurance? Secondary insurance pays for costs related to employee deductibles, coinsurance, and maximum out-of-pocket expenses. In the first half of 2020, 43.4 percent of U.S. adults ages 19 to 64 were inadequately insured.
Coverage insecurity will leave people with mounting medical debt, as well as significant financial barriers to getting the health care they need. 1-in-4 adults WITH health insurance put off or did not get medical care because they did not know if it would be covered by their plan.
The Affordable Care Act (ACA) began to address this issue by creating tax incentives for BOTH the Employee AND Employer to incentivize employees to seek and obtain preventative and wellness treatment,
Tax Incentives to Get and Stay Healthy!
We leverage pre-tax funding using the Affordable Care Act to make our policies affordable for employees. So we can get more coverage leveraging Secondary Insurance than we can if we employed coverage under a Primary Insurance plan only.
Our goal is to get employees Zero-Cost ER and Urgent Care visits with no increase in premium AND get the employer a SAVINGS of over $450 annual per employee.