ArmadaCare

Ultimate Health by ArmadaCare is an employer-paid supplemental health insurance plan designed for executives and key talent.

What is ArmadaCare?

ArmadaCare is a supplemental medical reimbursement plan that can be carved out by class. So, concept is simple. Our plan sits on top of a group's primary medical plan and gives key employees the ability to submit claims for virtually any 213 or HSA-eligible expense through direct deposit. So what we're doing is essentially providing employers a way to enhance their primary medical plans for their most important assets, so their leadership, key people, top performers, and really getting these folks back to 100% coverage they remember from the pre-ACA days.

How is ArmadaCare different?

So two things. You have very few options to class out benefits for executives and provide anything truly meaningful. And employers are always looking for unique recruiting and retention strategies, especially for their key leaders. But the options just really aren't there, either because of non-discrimination rules, or the coverage that it provides just doesn't make an impact at that executive level. And number two would be compliance. So this is super important. If you're going to class out executives or highly compensated employees, you've gotta be sure that you're doing it in compliance with the Internal Revenue Code and the Affordable Care Act. We provide both, but there's some competitors out there that don't meet both of those requirements, so do your homework.

Who is a good fit for ArmadaCare?

So any employer that has a primary group health plan and a minimum of three employees they'd like to cover, ArmadaCare can provide that plan. And so that part's easy. As much as I'd like to say this plan is for every employer out there with three employees, the reality is there's gonna be certain groups that fit the bill more than others. So some things to look out for are, could be as easy as filing or solving a claim issue. The executive team's constantly complaining about things not being covered. We can really tackle that headache for you. Another one is any group that wants to address certain compliance concerns around classing out executives. And another one that I'll really call out is groups in a competitive hiring environment or a high turnover industry, again, always looking for those unique recruiting and retention tools. And comp only goes so far, then you need a differentiator, which ArmadaCare can help with.

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Duration: 02:36

Posted: Friday, April 7, 2023

Video tags: Under 50 EEs, 51 - 100 EEs, 101 - 250 EEs, 251 - 500 EEs, 501 - 1000 EEs, 1001 - 2500 EEs, 2501 - 5000 EEs, Over 5000 EEs