FOR EMPLOYERS
Help Your Employees and Their Loved Ones with a Hassle-Free Transition to Medicare
Watch Our Webinar On The Medicare Solution for Employers
In this webinar, we will go over:
Concerns of an aging workforce
What employers need to know about Medicare
Avoid common employer pitfalls
Avoid Life-Long Penalties and Get the Right Medicare Advice
If Medicare was not complicated enough, making the wrong decisions can result in permanent penalties, being locked out of robust coverage, and can have severe consequences for you and your company.
Key issues facing executives and their aging workforce regarding Medicare:
Selecting employer coverage versus Medicare coverage
Issues with COBRA as secondary coverage
High-income Medicare surcharges and proper planning to avoid penalties
Win-Win Savings on Health Benefits
With 1 in 4 Americans working past 65, it has never been more important for organizations to understand the right strategies to successfully help their aging workforce navigate the maze of Medicare. Employees 65+ incur over 2X the healthcare costs versus ages 45–54.
With rising healthcare costs, implementing medicare education to your aging employees could save over $15000 per employee in cases where Medicare is a better choice for them.
Providing Doctor’s Choice ensures a smooth send-off, reduced workload on human resources, and compliance with complex Medicare rules and regulations.
We Are an Employee Benefit Designed To:
Help your employees navigate the Medicare maze
Reduce stress for caregivers
Reduce HR workload and help avoid compliance landmines
In short: we help people make sense of transitioning from their employer coverage to Medicare, saving them tons of hassle and in certain cases, their employers a lot of money.
Our Medicare Planning Platform Is Simple to Implement
Step I: Offer our service to your entire company
Offer Doctor’s Choice to all employees, their families, and caregivers (we’ll treat them all like executives!) as an employee benefit. A simple per employee per year (PEPY) model keeps costs predictable.
Step II: We'll ensure that your company is getting comprehensive Medicare education and planning
We offer a comprehensive year-long schedule of Medicare education through webinars and self-guided resources. Our team of highly trained Enrollment Specialists will assist in Medicare guidance using our proprietary planning software MedicareCheckup to ensure that we assess everyone’s unique situation such as providers, medications, and lifestyle factors.
Step III: We'll also help HR look like superstars by staying compliant with the right Medicare answers
We provide support to your HR team to ensure that they have the right answers for employees while staying compliant. Your aging employees and caregivers are assured that they are making the very best decision around Medicare.
How Are You Providing Proper Guidance to Your Aging Workforce?
The process of transitioning from employer coverage to Medicare is complicated. Despite an overwhelming amount of information, most individuals are confused about when to enroll in Medicare. With healthcare as the number one concern for retiring Americans, many older employees are hanging on to their employer health insurance (and delaying retirement) simply out of fear. This also adds significant stress to employees who are caregivers for older parents facing the same dilemma.
If this sounds like employees in your company, what you and your team need is a dedicated team of experts to be able to provide concise guidance to your employees. We understand that Medicare is a very small portion of what HR faces every day and there’s no need to have in-house experts. However, having the right information when you need it can make you a superstar (especially if your boss or mother-in-law is retiring!).
Expand to see how a 5000 person company saved $1.3M on healthcare costs by providing Medicare education to their employees
A 5000 person self insured group had a large percentage of employees who were at or over Medicare age (approximately 250 employees).
Seeing the need to provide Medicare guidance to their aging workforce, the group brought in Doctor’s Choice. Through a series of webinars and individual consultations powered by Medicare Checkup, an AI-driven decision support system allowing our team to analyze 2000+ options across 50 states, Doctor’s Choice was able to assist a handful of employees and their spouses with the transition to Medicare.
Amongst this initial group was an employee who had a spouse suffering from Stage IV cancer. Although she had a good prognosis, her claims averaged $1.3M a year on the company plan.
By helping the employee look at his spouse’s monthly costs and out of pocket expenses on the employer plan, we realized that the employee could have his spouse elect a robust Medicare supplemental plan which would cover 100% of her treatments with a minimal deductible. Although the monthly premiums were about $100 higher than his current spousal contribution, his spouse saved $2600 overall due to lower out of pocket expenses (and a bigger network).
It was an obvious choice for the employee to switch his spouse to Medicare, saving his spouse $2600 and the company $1.3M in claims.
