MEDSAVE MANAGEMENT LLC is pleased to announce a new health plan option members may choose when seeking medical care. This program is designed for self-funded health plans interested in achieving additional plan savings while improving benefits at the same time without disrupting existing relationships.
It’s a new type of health plan you never heard of………………….
Leveraging Claim Dollars
All self-funded plans maintain a money pot to pay claims as they occur. Monies leaving the pot are often paid in BUCA Bucks.
BUCA Bucks have low purchasing power. Transaction fees of all sorts are charged by third party intermediaries as BUCA Bucks begin their journey to provider bank accounts. Not all of them make it there in a process that often takes weeks and months.
MedSave Bucks have more purchasing power. Low transaction fees make purveyors of BUCA Bucks want to hide in the basement. Third party intermediaries are eliminated. MedSave Bucks, every one of them, journey directly to provider bank accounts in a process that takes 24 hours or less, not weeks and months.
MedSave Bucks are not comingled with People Bucks. Gone are deductibles, co-insurance and copays. MedSave Bucks have a 2-1 advantage in purchasing power over BUCA Bucks.
Elimination of Financial Barriers To Healthcare
All patient financial responsibility for covered medical expenses is waived each time a member requests and accepts plan assistance in selecting high quality medical providers and services.
Surprise medical bills and subsequent balance billing issues, which are increasingly common among traditional health insurance plans, are eliminated when this option is selected by members. Medical providers are paid promptly, in full, by the plan sponsor at the time of service.
This stand-alone benefit option gifts members a choice between free health care or not so free health care at the point of service.
Members who choose not to use this new plan option will continue of enjoy the same benefits they have through their existing employer health plan.
Advantages to Plan Members
- All financial barriers to health care are eliminated
- Improved patient experience
- Never a balance bill
- Concierge service sets appointments, identifies high quality providers
Advantage to Plan
- Savings up to 50% and more
- Reduces retail claim dollars to wholesale cash priced claim dollars
- No additional cost to the plan, current funding does not increase
Advantage to Community Health Care Providers
- Payment in full at the time of service
- No chasing patient financial responsibility
- No claims to file
- Elimination of third party intermediaries – restores patient / physician relationship
Members decide between Free Care vs Not-So-Free Care at the Point of Service
How It Works
Member is issued a MEDSAVE FREE CARE CARD. Prior to seeking health care services the member calls the toll free number listed on FREE CARD to determine if FREE CARE service benefits are available for their immediate health care needs. Examples include MRI’s, surgical procedures, pregnancy, and other medical services. Medical appointments and related services are coordinated on behalf of the member with appointments set at the member’s convenience. At the point of service the member pays nothing and receives the care they need.