Cost and Impact for an Organization
NO NET COST to the Employer or Employee
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Compass125 is pretax and both the employer and employee save on FICA
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Employer Savings - Average $500 to $800 per employee per year (FICA)
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Qualified employees will receive additional dollars for use in purchasing supplement insurance benefits in addition to the claims covering the cost of the plan
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Compass125 accomplishes lowering claims and utilization, directly affecting the cost of care. (Example: Imagine eliminating nearly all lab costs and prescription drug costs off of your group medical plan and no longer factored in the renewal or future claims projection?!) This gives an employer leverage and control of their healthcare spend.
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Give employees the ability to seek care digitally or in in person for $0 copays!
For an in-depth overview of Compass125 click on compass logo
Compass125 is a proactive Care Monitoring and Management Plan
83% average participation
Compliments current Major Medical or Underlying Health Plan
Compliant to meet all current IRS and Dept. of Labor mandates
Employers experience an average FICA tax savings of $500 to $800 per employee per year... net after all administration fees paid.
Employees realize an average of $150/month to purchase additional qualified healthcare benefits (in addition to the core benefits in Compass125) for participating with No Reduction in Take Home Pay.
Employer Benefits
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Gain additional FICA tax savings that can help offset current and future business expenses
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All administration costs covered by FICA tax savings
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Become a choice employer for providing timely and in-demand healthcare benefits
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Effective recruiting and retention tool
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Say goodbye to risk transfer concerns which can violate IRS rules
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Benefits customization and coordination of a Section 125 plan that is a rarity for healthcare benefits design - bringing numerous benefits under one roof
Employee Benefits
Core Benefits
MEC Plan
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Unlimited Preventive Care
Direct Virtual Primary & Urgent Care
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Unlimited Preventive Care
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$0 Copay, 24/7/365 Telemedicine
Mental Health TeleCounseling
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US-based Masters Level Clinicians
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$0 Copay, 24/7/365 Access
Quest Labs
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$0 Copay, 24/7/365 Access
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2,000+ Labs available
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Easy to Implement and Use
Prescription Benefits
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$0 Copay, 24/7/365 Access
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1,200+ Generic Rx on Formulary
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68,000+ Retail Pharmacies Nationwide
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Mail Order Available
In-Person Urgent Care
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$0 Copay (up to 3 per year, employee only)
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16,000 Urgent Care Locations Nationally
Hospital Bill Eraser and Care Navigation
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Hospital Bill Eraser
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Care Navigation
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Cost of Care Transparency
Supplemental Benefits
(Employees can use tax savings dollars to purchase any of these benefits)
Vision/Dental
Hospital and Surgical Indemnity
Accident Insurance
Critical Illness
Cancer
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Customized Member Journey
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Real Time Care Monitoring & Maintenance
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Greater Access. Greater Care. Significantly Lower Cost.
For an in-depth overview of Compass125 click on compass logo
Due to updated IRS regulations, Compass125 does not provide employees cash rewards or dollars added to their paycheck through payroll for participation in the program. Rather, Compass125 creates additional dollars that employees use to select additional healthcare benefits tailored to their individual needs. These benefits are in addition to the core benefits listed in Compass125.
SECTION 125 PLAN
A Section 125 Plan is an employer-sponsored plan that allows employees to pay for certain qualified medical expenses – such as health insurance premiums – on a pre-tax basis.
Employees can choose the types of healthcare options they want, such as medical, dental, vision, and other benefits offered through the plan.
WHAT DID WE ACCOMPLISH?
We enhanced an employer's healthcare benefits package while adding dollars to their bottom line!
We provided the employer one of the best tools for recruiting, retaining, and engaging their employee population.
We provided extra dollars to the employer's bottom line that can be used to help finance and fund their current and future healthcare costs.
For a small employer (49 or less employees), we created a means for offering in high demand benefits at little to no cost to themselves or their employees!
If you are an employer in need of meeting ACA compliance and you are currently paying out-of-pocket for your employees' MEC and MVP plan, or you are looking for a proven means of lowering your claims costs on a self-funded healthcare plan, the Compass125 Plan is a great place to start.
Compass125 Plan puts tax dollars to work for both an employee and employer to help fund additional benefits to drive forward employee engagement while reducing health risks.
There is no other healthcare insurance plan in America quite like this and we hope you will take the time to learn more.
