Thanks Everyone For Your Interest In Eureka!!'s "Quad" - Reducing The Cost of Health Plans & Benefits by 20 to 40%

What Folks Wanted To Know! Employers, Brokers & Consutants wanted to know more about Eureka!!'s 4 Part "Quad" and how the Strategies work together to reduce costs while enhancing the benefits with No Takeaways? 

    Here are the 4 Part of the "Quad":

1) Defined Contribution - For the entire benefit plan - Not just retirement plans. How it works?

2) Reference Based Pricing - How it works & Overcoing "Balanced Billing"

3) Worksite Benefit Choices - How we customize & build a menu of benefits?4) Education, Communication, Enrollment and Data Management Processes - How Eureka!! cost-effectively works with employers to empower employees and coordinate with the providers of plans, programs and services? 

     In this Post I'll cover "Defined Contribution" and then each of the other three in subsequent Posts!

     About Defined Contribution - How it works for the entire benefit plan - Not just Retirement Plans! Here's a simplified version of what Eureka! provides

A) The Employer is empowered to budget the organization's contribution to all of the Benefit Plans year-by-year!

B) The budgeted dollars are converted into Benefit Credits to give each Employee often allocate to specific benefit categories, ie. Health Plans, other former Group Plans, voluntary/supplemental Plans, etc. on a non-discriminatory basis.

C) Following an Employee Education and Communication Process, the Employees are empowered to make informed decisions during scheduled open Enrollments!

D) After the Enrollment Period(s) the Employee's benefit choices are then transfered as data to the various providers of Plans, Programs & Services.

     The Defined Contribution design is often referred to as Flex Plans and Cafeteria Plans. While these plans are similar, they each have specific histories and connotations!

     Want more information about Defined Contribution - or the "Quad" - Reply to this Post or contact me -- Phil Eide - Call & Leave a Message or Text - 216.577.5579 // Email - phil@vestabp.com // Visit www.vestabp.com for updates!





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