Proactive Health Benefits: Zero Net Cost for Employers and Employees
What is Proactive Health Benefits?
PTE proudly offers an innovative health benefits solution through our elite providers. This comprehensive program takes a holistic approach to employee well-being, featuring a wide array of valuable services. From convenient telemedicine options to robust prescription drug coverage, our plan addresses all your healthcare needs. It also includes a hospital indemnity plan to ensure financial protection in case of hospitalization. Additionally, diverse wellness programs are available to promote a healthy lifestyle among your workforce.
At PTE, we recognize that a healthy and productive workforce is key to driving profitability. That’s why we’ve partnered with top-tier health benefits companies to provide your employees with the tools and resources they need to thrive. Our goal is to support your organization with a tailored solution that not only meets your healthcare requirements but also aligns with your vision for a healthier, more engaged workforce.
Who Qualifies for Proactive Health Benefits?
All company employees earning a W-2 income are eligible to apply for Proactive Health Benefits. Employees earning at least $22,000 per year will experience increased take-home pay, but all employees are welcome to participate.
Proactive Health Benefits is designed to be an inclusive program that supports the overall well-being of the entire workforce. By extending eligibility to all W-2 employees, regardless of income level, we aim to foster a culture of health and financial security that benefits the entire organization. This holistic approach ensures that every team member can access the valuable resources and protections offered by the Proactive Health Benefits plan, empowering them to lead healthier, more productive lives. Our goal is to create a rising tide that lifts all boats within your employee population.
How Does Proactive Health Benefits Work?
Proactive Health Benefits offers complimentary advantages to employees, supported by a reputable insurance provider with an A.M. Best Excellent rating, ensuring reliable coverage and financial stability.
Participation in the plan results in a net increase in employees’ take-home pay, providing them with additional financial flexibility.
Employers can anticipate substantial cost savings, averaging $600 to $900 per employee annually, thereby enhancing their bottom line and resource allocation.
Proactive Health Benefits provides comprehensive support, including implementation, enrollment, administration, payroll integration, and advanced analytics reporting. This seamless end-to-end solution enables companies to enjoy the benefits without diverting internal resources or expending additional effort.
How Long Will This Endure?
PHB’s Comprehensive Health Solution, powered by Proactive Health Benefits, includes a unique indemnity insurance plan that offers financial protection to employees in the event of a qualified medical occurrence. This fully-insured limited benefit plan safeguards individuals through indemnity insurance claim payments.
The plan’s premiums are managed through an employer group’s Section 125 cafeteria plan, enabling pre-tax contributions via salary deductions, in compliance with the IRS Code. This structure provides financial security and tax advantages, making it a cost-effective solution for both employers and employees.
The Section 125 cafeteria plan provisions were introduced by the United States Congress as part of the Revenue Act of 1978. This legislation allows employees to choose between receiving cash compensation or certain qualifying benefits (such as health insurance and life insurance) on a pre-tax basis. Importantly, there is no sunset date for this program, ensuring its ongoing availability.
