The Premium Saver is a secondary supplemental plan designed to work alongside your group's primary medical plan.
It helps enhance employee benefits while reducing overall healthcare costs. The plan provides the same coverage for inpatient and outpatient expenses and can help your group save an average of 10–12% without cutting back on coverage.
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Typically, the employer selects a primary major medical plan with a higher maximum out-of-pocket (MOOP) to reduce premiums. Premium Saver then offsets the increased exposure — helping restore the plan to its original benefit design by covering the difference. |
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The Premium Saver plan covers the same expenses as the primary medical plan (except for office visits and prescription drugs) and is available with minimum two enrolled employees. |
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Once enrolled, each employee will receive a Premium Saver ID card. Employees should present both their primary (major medical) and secondary (Premium Saver) ID cards when visiting a provider, so the provider can file claims directly with both carriers. |
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It's backed by an A-rated carrier and offered by a leading secondary carrier with deep experience in the market. |
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