When it comes to medical benefits, employers used to face two choices — comprehensive employer-paid medical plans or no insurance at all. However, with the inception of the Patient Protection and Affordable Care Act (PPACA), the option not to offer medical insurance no longer exists for some employers. Limited benefit medical plans can be powerful tools for recruiting and retaining employees in situations where traditional medical benefits are not offered or affordable. These plans can also be useful in increasing productivity through reduced absenteeism due to illness, improving employee morale and as a means to provide the level of coverage required by law. For example, our Minimum Essential Coverage plan can help employers meet their obligation under PPACA.
Reliance Standard is proud to offer RSL BasicCare, an innovative limited benefit medical program designed with employers’ and employees’ needs in mind. RSL BasicCare allows companies to make the most of their benefit dollars while still offering competitive employee benefits.