- What kinds of companies usually find the Health Count program useful?
- How can the company take control of the costs in the plan?
- What are the advantages of the Health Count Program over a traditional insurance plan?
- What health and dental expenses are eligible?
- How does the claims procedure work?
- What do the employees enjoy about the Health Count Plan?
Q. What kinds of companies usually find the Health Count program useful?
A. There are two types of companies who will normally find the Health Count Program attractive. Companies who have recently looked into traditional insurance plans and decided against providing benefits due to cost, are pleasantly surprised by the affordability of a Health Count program.
Secondly, there are many companies with an existing benefit package, who feel that their existing insurance company is charging too much premium. The Health Count Program can be used instead of an existing insured benefit plan, or a co-ordinated program using both types of benefit packages is sometimes the correct solution.
Q. How can the company take control of the costs in the plan?
A. The company maintains complete control of the costs in the plans by placing limitations on the funds available in each employee Health Count.
Q. What are the advantages of the Health Count Program over a traditional insurance plan?
A. The Health Count program has a number of advantages over a traditional insurance program:
- Lower initial cost
- Lower ongoing costs
- Greater appreciation of the program by the employees since every employee has the opportunity to use the expenses in any manner they choose
Q. What health and dental expenses are eligible?
A. Virtually any health or dental expense is eligible to be claimed by the employee under the Health Count program. The only limitation is that an expense must be a bona fide medical expense which is eligible for the medical tax credit under CCRA guidelines.
Q. How does the claims procedure work?
A. The claims procedure is exactly the same with the Health Count program as with any other benefit program. If there is a drug card in place, this is used at point of sale with the drug store. If the claim is for a medical service or supply, or a dental claim, the employee pays up front, then submits the receipt for re-imbursement.
Q. What do the employees enjoy about the Health Count Plan?
A. The employees at a company are rarely all the same age, or at the same life stages. There will be some younger employees, some older employees, some will have families, some will not. When a normal group plan is put into effect, there will be a structure around the benefits which will favour some groups but not others. For instance, there may be orthodontics in the plan, but no eyeglass coverage. This would make the younger staff with families happy, but annoy the more senior members. A traditional benefit plan is always a compromise between the various groups of employees.
Employees really appreciate the Health Count program since each individual can spend the money in their account in any manner they choose! The employer is then not put in the position of trying to decide who to please!
After reading the FAQ’s many people desire some additional information. We would be delighted to respond to any other questions you have if you’d like to contact us directly!
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