The down side to such programs is trying to explain the benefits (current and long-term) to employees. I suggest you get a pro to do this for you. We had Helen Clary and Jeff Cook from Destiny Health make a presentation to a CFO conference, and their materials were first class. Destiny Health had a lot to do with developing these types of plans and consequently knows the subject well. Helen can be reached at (312) 654-4261 if you need assistance.
Now, these plans aren't for everyone. But I am convinced you should at least investigate the idea and program and see how it fits your company. All I know is, after sitting through these presentations, I ask a lot more questions about the cost of products and services before just nonchalantly paying the co-pay.
It's been a long time since you have had a viable option to reduce your annual health insurance cost. You now have an alternative to consider that may allow you to do so, while offering additional benefits to employees without additional costs. This equates to value for all employees — even the healthy ones!
Garry Bartecki is director of dealer/distributor services at BDO Seidman, LLP of Chicago, as well as a consultant to the AED. He has also worked as an independent CPA and consultant to equipment dealers. He can be reached at (312) 616-4677 or email@example.com.