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Sep
22 , 2006 |
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Featured
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Would
your district like to offer its employees a health insurance plan that
provides outstanding health care coverage and no out-of-pocket benefit
expenses, all for less cost than it currently pays? If so, let SET help
your district switch to a less costly Blue Cross Blue Shield of Michigan
(BCBSM) health care plan and Health Savings Account (HSA), and begin to
realize savings as soon as January 1, 2007.
What is the
plan?
The BCBSM Flexible Blue 2 plan seamlessly pairs a high-deductible insurance
plan with an employer-funded HSA. The Flexible Blue 2 annual deductible
is $1,250 per single person, and $2,500 per family. Since January 1, 2006,
SET has enrolled more than 50 districts in the Flexible Blue 2 and HSA
plan. These districts all have experienced tremendous premium savings!
Why do employees
like the plan?
There are many reasons that employees value the Flexible Blue 2 plan and
HSA. Consider the following:
- Excellent health care coverage;
- Benefit payments of 100 percent for services provided in the BCBSM network;
- No co-payment for office visits;
- No co-payment for prescription drugs; and
- Unexpended HSA funds roll over annually, which means remaining funds belong to the employee and can be used to pay for future medical expenses!
How
do employers benefit?
Flexible Blue 2 plans and HSAs offer a valuable, money-saving alternative
to traditional school insurance health care plans. Districts can contribute
the complete deductible to each employee’s HSA, and still save money
on health care costs! Usually, a district can save $1,000
to $4,000 per family, per year when compared to the MESSA
Choices II plan. Your district will have no administrative concerns, because
our HSAs are administered by Benefit Administrative Services International
Corporation (BASIC) through Fifth/Third Bank. Employees are responsible
for managing their own accounts.
Make
your plan effective January 1 to take advantage of savings.
Learn more about how your district can solve its health care dilemma and
obtain Real Choices, Real Savings. Let SET help move your employees to
a Flexible Blue 2 plan by January 1 to take advantage of the full HSA
contribution, and match the calendar-year deductible.
Contact your SET SEG account executive today!
1-800-292-5421
415 W. Kalamazoo Lansing, MI 48933
1001 Centennial Way, Ste 300
Lansing, MI 48917
www.gomasa.org | Contact us