Healthy Employees = Cost Saving Opportunities
The [2025] Population Health Plan is a supplemental, fully insured hospital indemnity plan structured to provide 24/7 access to virtual primary care and wellness programs to employees and their families –– and reduce the FICA liability for employers.
As the cost of group health insurance continues to increase year-over-year, employers are looking for innovative solutions and opportunities to save without slashing people and productivity. This plan offers an opportunity to do both for no-net-cost. Specifically:
The Value to Employers:
• No-Net-Cost Structured Plan
• Reduced Medical Claims
• Reduced Absenteeism
• Automated via Payroll
• FICA Tax Savings Per Employee
The Benefit to Employees:
• No-Net-Cost Additional Access to Care
• 24/7 Access to Virtual PCP
• Wellness Programs
• Mental Health
• Prescription Plan
• Net Pay Increase
Supplemental benefit plans can be added at anytime to add value and not affect company group insurance plans. Now is the time to learn more and see if you qualify for this plan, and consider implementing by Q2 of this year. Some additional information for consideration:
Savings Opportunity
The plan is structured to incentivize employees to engage in one of many health maintenance activities while saving the employer money at the same time. This is done through a fully insured and filed hospital indemnity plan. Every business that implements this plan has a guaranteed savings noticed on each payroll cycle through reduced FICA spend.
Plan Administration
The plan is administered automatically through the employers payroll vendor. The administrator of the plan is a preferred vendor of most payroll companies, and works with the internal HR team during implementation to show how employees are added or removed as aligned with payroll processes.
Qualifying Factors
While this plan is an ideal fit for most companies with over 25 full time employees, other factors such as payroll system, median average salary, pay cycle, and state of incorporation do apply.
What is Population Health?
Population Health is the process of understanding and addressing the diverse factors that influence health outcomes across different groups of people. Through engagement and preventive health practices (i.e., annual physicals, routine screenings, and healthy behaviors), population health helps target interventions, manage chronic health conditions, and reduce costly treatments and hospital visits.
This plan is intended to engage the 54% of Americans that receive their healthcare benefits form their employer, and address the gap in primary care –– the 100MM Americans that do not have a primary care physician.
Learn More
Would you like to see if your business qualifies for the 2025 Population Health Plan? Please contact Esprit Benefits and schedule a 30min consultation to learn more.
