EMPLOYEE
ELECT AND COST CONTROL
Employer Contribution Cost
Control: Case Study Blue Cross
of California Employee Elect
A frequent question we get from our clients is “What is the appropriate plan to offer and amount to pay for Employer premium contribution?” While there is no perfect dollar level or percentage to pay, and really strong benefit plans can be cost prohibitive, Employers can strike a balance between price and benefits through a very effective strategy Blue Cross of California offers called Employee Elect Plan and Premium Percentage option.
Blue Cross Employee Elect Blue Cross of California has an answer to getting the most flexible and cost controlled solution out to the Employers and members. Employee Elect allows an Employer to choose to offer all plans available in a general plan suite. This gives California group health insurance options for members to take the base plan level, upgrade to stronger plan benefits to assume less expense out of pocket, or downgrade to cheaper plan to pay less monthly premium.
Percentage Plan Option A base health insurance plan is chosen by the Employer, and a percentage amount to pay for Employee & Dependent premium. The Employee member then accepts the base group plan option or pays more or less out of pocket according to the enrollment plan selected. We then provide enrollees with out of pocket costs on an individual basis for plans chosen and family type. Dental coverage can also be offered in this matter. Utilization of this strategy gives a company a one size fits all package, ends the guessing in the right plan to choose for the employees, and controls Employer premium expense.
