According to sources in attendance, Schultz described the low-premium, infinite-deductible plan as the simplest and most convenient choice available to employees, and said it works the same whether plan members need to visit their primary care physician, fill a prescription, or be admitted to a hospital, allowing them in each case to pay 100 percent of the incurred medical expenses.
Company officials explained that the health care option had been set up to address complaints employees had with previous plans, which often came with confusing paperwork and long wait times for reimbursement, problems that have disappeared now that the limitless deductibles have eliminated any need to even bother filing a claim.
“It really couldn’t be any easier: Absolutely no services or medications are excluded from the plan, and there’s no annual cap on benefits,” she continued. “In other words, you can use the Infinity Plan for anything, and use it as much as you want—no ifs, ands, or buts.”Schultz went on to state that under most other health insurance plans, patients are responsible for co-pays in addition to their deductible, charges of $50, $100, or sometimes more that can add up quickly and unexpectedly.
Company officials explained that the health care option had been set up to address complaints employees had with previous plans, which often came with confusing paperwork and long wait times for reimbursement, problems that have disappeared now that the limitless deductibles have eliminated any need to even bother filing a claim.
“For those of you with dependents, I’d recommend the Infinity Plus Plan, which has a slightly higher premium but comes with one infinite deductible for your whole family,” Schultz added.At press time, Schultz was reportedly explaining to the new hires that all 401 contributions made by employees would be matched with a dollar-for-dollar withdrawal by the company.
'With this plan you are guaranteed not to pay anything more than 100% of the cost.'
Not far from reality for many people...
Hey! Don't give them any ideas!
Infinite deductible Plan is better than no plan at all.
the end of every beginning
“It really couldn’t be any easier: Absolutely no services or medications are excluded from the plan, and there’s no annual cap on benefits,”
In other Manager news,
😁😁
It saves the company so much money.
Actually key point by. When people get hit by deductibles, often its the company's HR team that has agreed them
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Source: WSJ - 🏆 98. / 63 Read more »