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COMPLIMENTARY
AFFILIATE PROGRAMS
CARExpress “Wrap-around”
Program. Our CARExpress membership programs can be combined with various
types of insurance products that enable clients to offer a fully integrated
healthcare package. The use of insurance products in conjunction with
our CARExpress membership programs can provide an affordable solution
to individuals and groups who previously could not afford fully inclusive
medical plans, and can provide greater assurance of payment to the healthcare
providers. These products can be bundled, priced and marketed utilizing
relationship marketing strategies or direct marketing to target the profiled
needs of the clients’ particular member base.
Insurance products
that are suitable for combination with our CARExpress membership programs
include:
Catastrophic
Health Insurance. This type of insurance usually takes the form
of a high deductible major medical policy in which the insurance company
pays nothing until expenditures reach a threshold that is typically between
$2,500 and $20,000. A consumer may use one of our CARExpress membership
programs to reduce his or her out-of-pocket costs until he or she reaches
the deductible amount and then use the insurance for all additional expenses.
Mini-Med Programs. Mini-Med programs are insurance options offered by
insurance companies that restrict claim losses by limiting the amount
of insurance that can be paid. For example, the amount of insurance that
would be payable to an individual for a particular outpatient hospital
procedure could be limited to $1,000. Our CARExpress membership programs
can be designed as a supplement to insurance companies’ Mini-Med
programs. The consumer can use CARExpress to reduce their out-of-pocket
costs and use the Mini-Med program to reimburse them a fixed amount per
visit.
Health Savings Accounts (HSAs). Health Savings Accounts
(HSAs) were created by Public Law 108-173, the “Medicare Prescription
Drug, Improvement and Modernization Act of 2003,” signed into law
by President Bush on December 8, 2003. Health Savings Accounts change
the way millions meet their health care needs because they help individuals
save for qualified medical and retiree health expenses on a tax-advantaged
basis. Any adult who is covered by a high-deductible health plan (and
has no other first-dollar coverage) may establish an HSA. Tax-advantaged
contributions can be made in three ways: (i) the individual or family
can make tax deductible contributions to the HSA even if they do not itemize
deductions; (ii) the individual’s employer can make contributions
that are not taxed to either the employer or the employee; and (iii) employers
sponsoring cafeteria plans can allow employees to contribute untaxed salary
through salary reduction. Amounts contributed to an HSA belong to the
account holder and are completely portable. Funds in the account can grow
tax-free through investment earnings, just like an IRA. Funds distributed
from the HSA are not taxed if they are used to pay qualified medical expenses.
Unlike amounts in Flexible Spending Arrangements that are forfeited if
not used by the end of the year, unused funds remain available for use
in later years.
Our CARExpress membership programs can be designed as a supplement to
HSA programs. Consumers can use our CARExpress programs to reduce their
out-of-pocket costs when they use their HSA funds to pay qualified medical
expenses.
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