For Example : If the employer is paying $1,200/month for employee insurance – $14,400 per year.
Medicare Part B is: $121
Medicare Part D is: $32
Medicare Supplement is: $185
TOTAL COST: $338/month – $4,056 per year
SAVINGS TO EMPLOYER-$10,344
This new plan is good with ALL doctors that accept Medicare in the United States. There are no copays, no deductibles, no referrals, and no medical payments for the employee. Coverage is 100%. Even with incidental costs for the employer, such as extra tax, bookkeeping, etc. the savings are still well over $8,000 per year.
Therefore, employers should investigate this option with an insurance professional to help both themselves and their employees.
Mitchell Gordon has been a certified independent licensed insurance broker/agent for 17 years. He provides coverage for life policies to include Term, Whole, IUL, and Final Expense. He also provides coverage for various annuities and health policies such as Long Term Care, Dental, and Critical Illness. Mitchell specializes in Medicare/Medicaid education. He works with physicians and practice managers to help educate their patients about their health plans. Mitchell also gives seminars for churches, schools, and homeowner associations at no cost.
Last Updated on May 2, 2017 by The Orlando Law Group