Executive Medical Reimbursement
ArmadaCare's Executive Medical Reimbursement program is the first and only product of its kind. It is built for today's benefits and executive compensation environment and underwritten by leading insurers Transamerica Financial Life Insurance Company and Monumental Life Insurance Company, both A+ rated members of the AEGON company. It offers:
- A premium-based, insured structure for tax advantaged status [more…]
- Complete flexibility in the underlying plan design [more…]
- Expanded medical, dental and vision coverage [more…]
- Prepaid Prescription MasterCard [more…]
- Comprehensive Executive Physicals [more…]
- Streamlined administration and privacy protection [more…]
- Guaranteed Rates [more…]
A Truly Compliant Program
ArmadaCare’s Executive Medical Reimbursement plan has a premium-based, full risk-transfer structure. We are truly an insured program. Section 105 (h) of the internal revenue code allows you to provide medical reimbursement on a discriminatory basis without affecting the tax advantaged status of either the cost or the benefits. With ArmadaCare’s Executive Medical Reimbursement program your clients are on safe ground with Section 105 (h). The client can decide the class of employees to include, and it can be provided on a selective basis.
There Are No Minimum Requirements For The Company’s Underlying Health Plan
Our product coordinates with virtually any underlying plan design, thus allowing companies and their advisors full flexibility in implementing a core plan that meets overall business objectives. This flexibility feature is in sharp contrast to traditional reimbursement programs that contain minimum core plan requirements, many of which are out of step with contemporary health plan designs.
Members Receive Expanded Medical, Dental, Preventive and Vision Coverage
Our program supplements a company's core health plan and expands the overall coverage beyond its limitations; up to $100,000 annually. These tax-free* benefits for each member and their family cover medical, dental and vision expenses above and beyond the company's core health plan. This can include Section 213 eligible expenses such as:
- Reimbursement for expenses of the company’s health plan, among them deductibles and coinsurance amounts
- Out-of-network costs
- Amounts over the carrier's Reasonable and Customary schedule
- Dental and vision services including orthodontia, crowns and Lasik eye surgery
- Prescription drugs
Prepaid Prescription MasterCard®
The ArmadaCare program now includes another industry first, a prepaid MasterCard integrated into the insured plan for ultimate convenience at point-of-purchase for the executive. Available for health plans with pharmacy programs managed by a host of Pharmacy Benefit Managers, this feature virtually eliminates the need to file pharmacy claims using a paper based process. Please contact us for more information about this exciting new benefit.
Comprehensive Executive Physicals For Proactive Health Management
Our program covers the cost of comprehensive Executive Physicals for both members and their spouse at a premier facility of their choice. An increasingly popular part of prevention, your clients can now offer this benefit on a tax-advantaged, insured basis. The physical appointment can be researched and scheduled by the ArmadaCare Clinical Advocate. For companies that already invest in an executive physical program, they now don’t have to make the benefit taxable income for the employee and an expense item for the company.
Streamlined Administration and Rapid Reimbursement
Our exemplary service benefits both your clients and their busy executives who have limited time available. Reimbursement is fast and hassle free without the need for monthly batch processing and pre-funding of claims, which can delay claims and frustrate executives. Instead we process claims on a continuous basis with a typical turnaround of less than 10 days from receipt, via mail, fax or email. Most importantly for our executive members, our medical support saves them time and the hassles of dealing with the healthcare system.
Fixed Premium Structure Ensures Guaranteed Rates
Our fixed premium structure provides your client with predictable pricing and rates that are guaranteed for 12 months. Your client can make decisions based on known costs and can budget with the comfort that it will not change during the course of the year even if they have an adverse claims experience.
Contact
us to inquire about our available plan options.
*This is not local, state or federal tax advice. It is recommended that you seek the independent counsel of a professional tax advisor.
Executive Health is underwritten by Monumental Life Insurance Company, Cedar Rapids, IA. Group policy form MLSM1000GP. Clinical Concierge and Advocacy Services are provided by Flagship Global Health Inc. New York, NY
William's Story
"She could have died without ArmadaCare Executive Health."
Medical issues can cloud business success. William is the Chief Operating Officer of major East Coast industrial firm, but...
