Welcome to Ultimate Health® by ArmadaCare: A Comprehensive Solution for Executive Health Insurance
In today’s fast-paced corporate world, the health and well-being of key executives are paramount. Recognizing this need, ArmadaCare has developed Ultimate Health®, a supplemental health insurance plan tailored specifically for busy executives. This innovative executive medical reimbursement plan not only keeps top talent healthy and productive but also positions companies as employers of choice. Let’s delve into the seven key advantages that make Ultimate Health a smart business decision.
Coverage & Flexibility
One of the standout features of Ultimate Health is its extensive coverage and flexibility. Traditional primary health plans often fall short in addressing the unique healthcare needs of executive families. Ultimate Health fills these gaps by providing fully insured supplemental health insurance that covers a wide array of out-of-pocket expenses. This includes everyday medical needs and unexpected healthcare costs, encompassing 213(d) eligible expenses.
For instance, executives can benefit from coverage for elective executive physicals, which are crucial for early detection and preventive care. Additionally, the plan offers robust dental and vision coverage, including orthodontia, LASIK, and brand-name frames, without the necessity of underlying dental or vision plans. This flexibility is further enhanced by the ability to implement Ultimate Health at the start of any month, allowing employers to swiftly adapt to evolving employee needs.
Tax-Efficiency
Ultimate Health is not only a health benefit but also a financially savvy choice for companies. As an employer-paid, fully insured 105(h) plan, it offers tax-deductible premiums for businesses and non-taxable benefits for enrolled employees. This means that while one-time incentives may seem appealing, a significant 42% of employees prefer enhanced health insurance over a salary raise. Investing in a supplemental health insurance plan like Ultimate Health can yield greater take-home value than a comparable salary increase, serving as a constant reminder of a company’s commitment to its workforce.
Compliance
Navigating the complexities of health insurance compliance can be daunting. However, Ultimate Health simplifies this process. Unlike cost-plus or self-funded plans, Ultimate Health is classified as REAL insurance, underwritten to meet the unique characteristics of a group. Claims are submitted directly to ArmadaCare, ensuring that members are reimbursed under a fully insured policy, which keeps clients safe and compliant. Moreover, as an excepted benefit, employers can tailor coverage based on employee class, allowing for targeted benefits based on title, tenure, or performance.
World-Class Service
At ArmadaCare, the philosophy is clear: executive medical reimbursement plans should be synonymous with exceptional service. From streamlined onboarding processes to ongoing support, members are empowered to maximize their Ultimate Health benefits. The suite of conveniences includes 24/7 online claims filing, a swipe-and-go Rx card, and daily direct deposits, ensuring rapid reimbursement and fostering high levels of member satisfaction.
Key Talent Retention
In a competitive job market, retaining top talent is crucial. Ultimate Health emerges as a premier solution for key talent retention, offering top-tier coverage, financial efficiency, and unparalleled service. According to recent surveys, 47% of business leaders cite talent retention as their top concern driving executive compensation strategies, and 93% believe that executive benefits have been effective in their retention efforts. By layering a cost-effective primary plan with Ultimate Health, companies can provide their top talent with a sense of security, ultimately boosting productivity and protecting the bottom line.
Additional Features
Ultimate Health goes beyond basic coverage; it is designed to restore leaders to peak health and vitality. The plan includes several additional features that enhance the overall health experience for members.
Executive Physicals: Coverage for elective executive physicals extends to enrolled spouses, facilitating early detection and risk prevention through comprehensive exams at pre-vetted facilities nationwide.
Get Me Home: This suite of travel services ensures that members are protected while away from home, offering fully paid air evacuation, emergency medical referrals, and more when they are 100+ miles from home, whether for business or leisure.
TopDoc Connect: This specialist navigation service expedites members’ journeys to optimal health by matching diagnoses and preferences with the best specialists, combining evidence-based technology with expert guidance.
Connect & Thrive: A dedicated well-being and mental health service ensures that members receive the necessary support, regardless of their position on the mental health continuum. This service offers assistance for everyday stressors as well as crisis care.
The Value of Ultimate Health
ArmadaCare’s benchmarking data reveals a fourfold increase in retention, with 98% of members considering their plan their most important benefit. By combining robust supplemental health insurance coverage with a strategic health and wellness program, Ultimate Health® by ArmadaCare keeps senior leaders happy, healthy, and productive at work. This innovative approach not only enhances employee satisfaction but also helps employers protect their most valuable assets: their people.