Currently, there are over 50 million households in America without Health Insurance. In addition, approximately another 20-30 million Americans are underinsured and in need of supplemental benefits. Mini-Med and Limited Medical plans are available to fill the gap.
As customer priorities have shifted due to economic factors beyond their control, a value migration has occurred in the Healthcare/Benefits industry in just the past three (3) years. Individuals and families who cannot afford the luxury of conventional health insurance now have an option. Through Mini-Med and Limited Medical programs, an entire family can potentially acquire insurance benefits for potentially less than $200/month.
Still, it is important to understand just what happens in the insured world to determine the value to your organization of a Limited Medical Plan. According to a Families USA study:
Average fully-insured premium is nearly $6,500 per Employee
Average family premium is nearly $11,000 annually
92% of all employees spend over $1,000 annually on medical goods and services
Nearly 50 million Americans are currently uninsured
Between 42-44 Million of them are either employed or are dependents of someone employed
Applied Benefit Concepts believes that the solution to helping the vast population of uninsured Americans is not to find a less expensive major medical Plan. Instead, we believe the solution is to provide coverage for the majority of the things that the average person is likely to encounter, and do it at a cost that everyone can afford.
For more information, please visit the website of our limited medical distributor, NDHS.