V. Closing We Are Here To Help

Transcription

1 1 Advantages London Health Brings To You and Your Clients London Health Administrators. 40 Commercial Way, E. Providence, RI P# Web:

2 Contents 2 I. Introduction Thank You Pg. 3 II. III. IV. HRA Advantages FSA Advantages HSA Advantages Pg. 4 Pg. 5 Pg. 6 V. Closing We Are Here To Help Pg. 7

3 I. Introduction Thank You 3 London Health Administrators would like to thank you for taking the time to review this information. The purpose of this presentation is to display the improvements we have made to our consumer spending account products, as well as the key advantages we can bring to you and your clients. Our developments were inspired by the changes in the New England marketplace and the new driving forces to rising healthcare costs. Based on client feedback and analysis of our local healthcare industry, London Health has advanced our HRA, FSA and HSA to help business owners control healthcare costs, as well as help you develop competitive advantages. London Health is dedicated to providing you with all the support you need to care for your clients. If you have any questions after reviewing this presentation, please feel free to contact us. We look forward to hearing from you.

4 II. Health Reimbursement Arrangements (HRA) Advantages 4 Seamless HRA claim payment: London s Deductible Reimbursement Card allows healthcare providers to send member s deductible bills directly to London for payment making it seamless to the member. We can also pay the HRA benefits directly to the provider. Wellness Incentives: We can build our HRAs to create incentives for members to participate in Employer-sponsored wellness/preventive care programs. Flexible HRA Plan Designs: London adapts our HRA plan designs to your clients healthcare needs. For example, we can pay any dollar amount and healthcare benefit as well as design the HRA to pay before or after the member s financial responsibility. HRA Claims Projections: We can provide HRA claim projections and savings analyses to help you during the sales process. Quick Claim Turnaround: London processes completed HRA claims within 5-10 business days. No Prefunding Required: We do not require our clients to prefund a bank account for claims. Groups only provide funds when claims are incurred. Blue Cross & Blue Shield of Rhode Island Discount Blue Cross & Blue Shield of Rhode Island Discount: London provides a discount for groups insured by BCBSRI. HRA discount depends on group size.

5 III. Flexible Spending Accounts (FSA) Advantages 5 Multiple FSA Plans: London offers 4 types of FSA plans: Healthcare Accounts, Dependent Care Accounts, Commuter Accounts, and Wellness Accounts. Wellness Gift Card: We can build our FSAs to create incentives for members to participate in Employer-sponsored wellness/preventive care programs. Section 125 Nondiscrimination Testing: London provides Section 125 Nondiscrimination Tests for our clients at NO COST. IIAS Compliance & Automatic FSA Claim Adjudication: We have designed our FSA plans to make it as easy as possible for our members to access funds in their account. A majority of London s FSA transactions occur automatically at the point of service because our debit cards are specially created with the IIAS qualified merchant codes. Quick Claim Turnaround: London processes completed manual FSA claims within 5-10 business days. Blue Cross & Blue Shield of Rhode Island Discount: Blue Cross & Blue Shield of Rhode Island Discount: London provides a discount for groups insured by BCBSRI. FSA discount depends on group size.

6 IV. Health Savings Accounts (HSA) Advantages 6 Deductible Payment Plans With Providers: London reaches out to our accountholder s providers to notify them of the HSAs involvement in the claim payment process. If necessary, London Health will help the member setup payment plans with the healthcare provider in order to extend the time for when full payment of the claim is due. Multiple Investment Options: Our HSA program provides a very diverse menu of investments to adapt to every accountholder s financial needs. Wellness Incentives: We can build our HSAs to create incentives for members to participate in Employer-sponsored wellness/preventive care programs. HSA Bank Rewards Program: Employees that shop at sponsored merchants such as Best Buy and Home Depot receive a tax-free contribution into their HSA by the bank. Electronic Fund Transfers: Our accountholders have the capability to electronically transfer money to and from their HSA making it very easy to access available funds. No Minimum To Open HSA: London does not require a minimum deposit for accountholders to open an HSA. Blue Cross & Blue Shield of Rhode Island Discount: Blue Cross & Blue Shield of Rhode Island Discount: London provides a discount for groups insured by BCBSRI. HSA discount depends on group size.

7 V. Closing We Are Here To Help! 7 London Health Administrators is dedicated to providing you and your clients with all the support and assistance you require to maximize the HRA, FSA, and HSA experience. We will strive to provide you with customer-focused healthcare solutions and strengthen the relationship between you and your clients. We look forward to working with you. Please call us anytime for we are here to help you. London Health s Experience Blue Cross & Blue Shield of RI s preferred vendor for HRAs, HSAs, & FSAs Servicing clients since 1964 Care for members in 24 states throughout the United States Average tenure of employees is 13 years Contact Info For Brokers: Christopher Cote, Managing Director London Health Administrators 40 Commercial Way East Providence, RI Toll-Free #: ext. 203 Local #: ext ccote@londonhealthusa.com Website: