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The Other 90%
The voluntary benefits marketplace has seen explosive growth in the offering of limited-benefit medical (mini-med) plans over the past several years. With our 20 year history and commitment to helping the uninsured obtain quality, affordable coverage, we are proud to see the successful growth of a product concept that we helped to pioneer.
Limited medical plans are now a mainstream offering and the primary type of voluntary health insurance in the marketplace today. There is no doubt that the plans provide real value in meeting basic health care needs for uninsured individuals. The value exists, but so does the reality of low participation rates.
Why do only 10% (or less) of eligible employees enroll in limited medical plans?
When one size does NOT fit all
Within the vast population of employees, there are significant lifestyle differences. Employees are at different stages in their lives and their income levels span across a wide range. Opinions on what will best suit their health insurance needs are also very different.
Some of the reasons why "The Other 90%" do not enroll include:
- Lack of catastrophic or comprehensive coverage
- Insurance coverage through a spouse
- The plans just simply cost too much
Ternian offers an innovative package of voluntary healthcare for "The Other 90%" of employees that are just not interested in limited medical coverage. Our value-based plans and consumer-driven services are designed to complement existing limited-benefit plan offerings by providing the entire package of products. We offer unique solutions to fill gaps in coverage and give employees added choice.
Direct Voluntary Benefits by Ternian®
Limited-Benefit Medical: Provides first-dollar coverage and the core voluntary medical offering for individuals looking for access to providers and help with basic, minor-medical expenses.
CriticalMed Plan®: A buy-up option for existing limited-benefit plan enrollees or a standalone plan for those who do not enroll in the existing limited-benefit plan because they are looking for catastrophic coverage.
DeductibleAssist®: A supplemental plan for those who do not enroll in the existing limited-benefit plan because they have high-deductible coverage through a spouse or individual plan and are looking for help with out-of-pocket medical expenses.
PatientPlus Card®: An affordably priced, entry-level healthcare savings program for those who do not enroll in the existing limited-benefit plan because it costs too much.
Ternian’s value-driven, Direct Voluntary BenefitsSM will complement and enhance any existing employee benefit plan.
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