About The MHP
What if you had the buying power of a law firm with thousands of employees? With the Members Health Plan (MHP), you can!
How Does The MHP Work
Your first question is probably where do the health care costs that are paid in really go? Traditionally, for plans that are fully insured, all of the costs are paid to the insurance company, leaving them in control of the money spent.
For the MHP, some of the money goes into the daily administration of the plan, but most is used to fund the claims account. If the claims end up being lower than expected for a year, the difference between the anticipated and actual are then put back into the plan for the benefit of the members.
How Does The MHP Work
Your first question is probably where do the health care costs that are paid in really go? Traditionally, for plans that are fully insured, all of the costs are paid to the insurance company, leaving them in control of the money spent.
For the MHP, some of the money goes into the daily administration of the plan, but most is used to fund the claims account. If the claims end up being lower than expected for a year, the difference between the anticipated and actual are then put back into the plan for the benefit of the members.
YOUR HEALTH CARE FEES GO TOWARDS
Claims Account
This is the money used to pay claims incurred during the coverage period.
Admin Fees
These cover the cost of managing claims payments, accounting, customer service, and more.
Stop-Loss Insurance
If the MHP has higher-than-expected claims, stop-loss insurance kicks in to protect the plan.
MHP KEY PLAN FEATURES
10 MEDICAL PLAN OPTIONS | Including traditional copay plans and high-deductible health plans with varying deductibles and coinsurance.
PRESCRIPTION PLAN OPTIONS | Copay and coinsurance Rx Plans with some that are HSA compatible.
HSA PLAN OPTIONS | For those looking to save on healthcare costs in a tax-advantaged account.
LARGE NATIONAL POS NETWORK | Networks such as these are typically reserved for only large firms.
BENEFITS BEYOND HEALTH COVERAGE
MORE THAN JUST MEDICAL
In addition to the medical benefits of the MHP, you will also have the opportunity to add additional ancillary products that in many cases allow rate and participation concessions. Additional costs will apply.
A PLATFORM THAT PERFORMS
Our goal is to streamline the entire HR, benefits, and payroll process so that it is as efficient and painless as possible. Our platform is intuitive and easy to use for employees, HR Managers, and Administrators alike.
HEALTH SAVINGS ACCOUNTS
The MHP offers multiple plans that can be paired with an HSA. When combined with a high-deductible health plan, the pair offers savings and tax advantages that a traditional health plan can not duplicate.
BENEFITS BEYOND HEALTH COVERAGE
MORE THAN JUST MEDICAL
In addition to the medical benefits of the MHP, you will also have the opportunity to add additional ancillary products that in many cases allow rate and participation concessions. Additional costs will apply.
A PLATFORM THAT PERFORMS
Our goal is to streamline the entire HR, benefits, and payroll process so that it is as efficient and painless as possible. Our platform is intuitive and easy to use for employees, HR Managers, and Administrators alike.
HEALTH SAVINGS ACCOUNTS
The MHP offers multiple plans that can be paired with an HSA. When combined with a high-deductible health plan, the pair offers savings and tax advantages that a traditional health plan can not duplicate.