Health Insurance Solutions for Employers

1. Qliance + Health Reimbursement Arrangement

A low cost health care solution for employers that cannot afford to subsidize traditional insurance, or that want an affordable solution for hourly, part-time or temporary employees.

If you are an employer who would like to offer a low cost health care benefit for your employees but cannot afford to provide a traditional group insurance plan or have hourly, part-time or temporary employees who are ineligible for your existing group insurance plan, you may want to consider setting up a Health Reimbursement Arrangement (HRA).

An HRA is an employer funded health care benefit designed to reimburse medical expenses incurred by employees each month─up to, but not exceeding a pre-set dollar amount. There is a first year HRA set-up and maintenance fee of approximately $400 and $70 per year thereafter to maintain it, depending on the supplier. There is also a fee of about $10 per employee per month for a third-party administrator (TPA) to manage employee health care reimbursement claims.

Once an HRA is implemented, Qliance’ direct primary care service may be introduced to employees and presented as a “cost-effective” primary care option for use of their HRA funds. If an employee does not choose to join Qliance, they may use their HRA funds for other qualified medical expenses. There is no actual or implied employer sponsorship of Qliance so as not to trigger ERISA rules.

To lean more about the costs and benefits of setting up an HRA for your employees, please contact the Qliance business office at: (206) 381-3030 or email Qliance.

2. Qliance + HSA-Qualified, High Deductible Health Plan

A lower cost health care benefit for employers who are looking to reduce or stabilize the cost of their group insurance benefit.

If you are an employer who is experiencing annual increases in your group insurance premiums, you may want to consider switching from your current plan to a lower cost HSA-qualified high deductible health plan (HDHP).

Sometimes referred to as a "catastrophic" health insurance plan, an HDHP is an affordable plan that generally doesn't pay for the first $1,500 or more of your employee’s health care expenses (i.e., the "deductible") but will provide coverage after that. In addition to the HDHP, each employee is eligible to set-up an accompanying health savings account (HSA) to be used for their "first dollar" health care expenses and fund it with pre-tax contributions from the employer and/or employee.

An HSA is the only vehicle in the IRS code that has triple tax savings. Employer and employee contributions are tax-deductible, allowing for a top-line deduction, and tax-advantaged earnings growth. If the money is used for a qualified medical expense, it is also distributed tax-free. And, once your employees reach 65, they may also take a distribution for a non-medical expense by simply paying regular income tax on the money withdrawn.

Once an HSA-qualified HDHP is implemented, Qliance’ direct primary care service may be introduced to employees and presented as a cost-effective primary care option and potential use of their HSA funds (employers should contact their plan broker or administrator for details). If an employee does not choose to join Qliance, they may use their HSA funds for other qualified medical expenses.

The combination of Qliance primary care and an HDHP/HSA leverages the best characteristics of both types of health care coverage─the better access, exceptional service and lower prices that are the hallmark of Qliance direct primary care and the affordable “catastrophic” coverage of a high-deductible insurance plan.

To lean more about the costs and benefits of setting up an HDHP/HSA for your employees, please contact Qliance’ business office at: (206) 381-3030 or email Qliance.

Please Note: Qliance has been advised by its professional advisors that the views expressed by Qliance as to the use of these various tax-favored plans are essentially correct. Qliance cannot offer tax advice, however, or suggest that you rely on the advice it has received, so your individual tax advisor or consultant should be contacted for guidance before you actually utilize any of these tax-favored plans in connection with the payment of Qliance fees.