We are not sure what this is. Vendor websites tend to be purposely vague on details to whet curiosity, entice inquiry.
Our best guess it’s a Health Reimbursement Account (HRA) set up on a level funded basis.
Here’s how we think it works: Plan sponsor picks a high deductible, high out-of-pocket health plan with ABC Insurance Company for the lowest rates possible. The HRA covers what ABC Insurance Company doesn’t giving plan members 100% health care coverage.
Here’s Nonstop Health’s website explaination:
Cost savings – Nonstop HealthTM wraps around your carrier plan, filling in the gaps in coverage with a level-funded reserve account. Depending on the carrier plan selected, this can lead to significant savings on premiums.
Level-set pricing – Customize your reserve funding and out-of-pocket exposure. There’s no need to pre-fund the account or worry about overages — the Nonstop Warranty covers unforeseen expenses and ensures your contributions won’t change for the plan year.
Go here to see the Mystery Product: Services & Technology and tell us what you think it is.
