FlexBenefits supplemental insurance products are designed to go hand-in-hand with Affordable Care Act (ACA) plans
FlexBenefits works by providing additional financial protections for individuals who may still face significant out-of-pocket medical expenses. Although ACA plans offer essential health benefits and protect against major medical costs, there are still upfront high deductibles, copays, and coinsurance, which can leave individuals vulnerable to financial uncertainty due to a medical event. FlexBenefits supplemental products may help fill these gaps, providing individuals with financial assistance for qualifying healthcare expenses while reducing their overall risk of medical debt.
Simple and hassle-free enrollment
One of the top advantages of FlexBenefits products is the simple and hassle-free enrollment process. In just minutes, consumers can enroll in guaranteed issue coverage (no medical questions), making it easy for anyone to be eligible. Individuals are not penalized for their medical history – even pre-existing medical history is accepted. Additionally, FlexBenefits products come with the assurance of stable pricing—there are no surprise annual rate hikes. This simplicity makes FlexBenefits an attractive option for anyone seeking supplemental coverage to pair with their ACA plan.
Protection against unforeseen medical costs
Additionally, FlexBenefits offers protection against unforeseen medical costs, such as those incurred during hospitalization or critical illness. By offering coverage for accidents, specific conditions or hospital stays, FlexBenefits acts as a financial buffer, covering expenses that ACA plans may not cover until after an individual’s out-of-pocket responsibilities – which can be thousands of dollars. This supplemental coverage can make healthcare more affordable overall and provide medical accessibility to individuals who may otherwise avoid seeking medical care due to cost concerns.
24/7 Access to virtual consultations
FlexBenefits has partnered with Clever Health to offer non-insurance virtual care, which is included with every plan. Clever Health’s Smart Virtual Care mobile app can help enrollees save money and stay healthier by providing convenient access to healthcare services directly through their smartphones. The app offers 24/7 access to virtual consultations with healthcare professionals, reducing the need for costly emergency room visits or in-person doctor appointments for non-urgent issues. Through the app, ACA enrollees can quickly receive medical advice, prescriptions, or care plans without the long wait times or co-pays associated with traditional visits. By promoting preventive care and enabling users to manage chronic conditions more easily, Clever Health may help enrollees maintain their health and avoid expensive complications down the line.
In summary, FlexBenefits products work in tandem with ACA plans, reducing the burden of out-of-pocket expenses and helping individuals maintain financial stability in the face of medical emergencies.
