Yes, FCA offers all types of benefits plans ensuring your insurance program meets your current and future objectives.
These are the most common types of Employee Benefit plans offered:
Traditional Plan – This is a standard plan and one of the most common whereby the insurance company has most of the risk. The company pays a monthly premium and the insurance company reimburses all eligible claims up to a specified or unlimited maximum. Each employee has the same coverage as the other.
ASO (Self Insured Plan) – This type of plan runs the same as the traditional plan and usually employees have the same level of benefit as well. However, the financial arrangement is different. In this scenario the company takes on some of the claim payment risk up to a specified maximum (Stop/Loss) for the frequent and somewhat predictable claims for Health and Dental. The insurance company maintains the risk for larger catastrophic claims such as Life and AD&D Insurance, Long-term disability insurance, Critical Illness and Travel as well as large claims above the Stop/Loss referenced above.
Healthcare Spending Account (HCSA) – Flexible spending account whereby the company allocates a fixed amount of dollars for each employee and the employee may choose how to spend their health dollars.
Hybrid Benefit Plan – A combination of a traditional employee benefit plan and an HCSA. Most spending employee claims are reimbursed through the HCSA and the insurance company pays above and beyond a deductible or Stop/Loss