Plan Benefits
Employee Benefits
Give Employees a Raise
● Average annual employee pay increase of $1,500.00*
● Employees reduce tax liability by self-funding, then receive claims benefits each pay period, increasing their net take-home pay
*Based on data generated by Champion Health Inc. Participants averaged an increase in pay of $1,500 per year. Actual increase amounts vary based on the amount of each participant’s annual wages.
$0 Copay for 100% Preventative Care (Employee Only)**
● Minimum Essential Coverage (MEC). The plan pays 100% of services required by the Patient Protection and Affordable Care Act with First Health Providers
**If currently enrolled in a major medical plan, this benefit may not apply.
$0 Copay Unlimited Primary and Urgent Care Visits (Employee Only)
● The plan pays for 100% of the office visit charges for First Health Providers for the employee
$0 Copay Prescriptions (Employee + family)
● No copays or costs for all formulary drugs
$0 Personal & Mental Health Consultations (Employee + family)
● Proactive medical care to help identify potential health risks and access to private consultations
$0 Copay for 100% Preventative Care
● Minimal Essential Coverage (MEC). Plan pays 100% of services required by they Patient Protection and Affordable Care Act with First Health Providers. (If currently enrolled in major medical this benefit may not apply.)
Employer Benefits
TODAY | Improve Your Bottom Line
● Provide a fixed company savings of $573.60 per enrolled employee per year** ● The Champ Plan is self-funded, self-insured limited schedule of benefits plan that creates substantial savings on the companies’ 7.65% FICA match (6.2% Social Security, 1.45% Medicare)
* Delivers Pre-tax Benefits Under U.S. Govt. Section 125 **The number of enrolled employees may vary greatly based on eligibility.
FUTURE | IMPORTANT: Employer Reduction in Claims
● The Champ Plan moves everyday claims away from your current major medical plan (e.g., telemedicine), potentially reducing the cost of your major medical plan by millions of dollars
Champ Plan Company Savings Example
100% Funded by Section 125 Qualified Tax Incentives
Section 125 was first passed by the U.S. Congress in 1978, giving it over 45 years of historical success.
Section 125 (Cafeteria Plan) is part of the IRS code that enables employees to take taxable benefits, such as a cash salary, and convert them into nontaxable benefits.
Employees enrolled in a Section 125 plan can set aside insurance premiums and other funds pretax, which can then go toward certain qualified medical and child care expenses.
Getting Started is Easy and Fast.
Complete and submit this form and an Oak Insurance Representative will contact you immediately to discuss the next steps.
(307) 222-6100
COMPLIMENTARY REPORT
The Critical Need for Supplemental Employee Benefits in the U.S.
Improving benefits and staying competitive when inflation, plan costs, and changing preferences erode employee loyalty and happiness.