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Sep 7, 2008 |
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Fee-for-Service/Medicare Supplement Coverage Because many retirees are uncomfortable with the restrictions associated with an HMO, many companies select more traditional Fee-For-Service coverage for their retirees. The NSC Fee-For-Service Option proposes your company take advantage of an employer Medicare Supplement exemption to offer benefits not available in the ten standardized Medicare Supplement plans. As a result, your company can provide cost effective fully insured supplemental benefits to retirees not available in the open market. According to a recent survey, 15% of the companies in the United States are taking advantage of the cost savings and reduction in administrative paperwork associated with providing benefits through group Medicare Supplements. The NSC Health Program combines effective design and administration of retiree benefits with one of the largest fully-insured Medicare supplement programs in the country. We designed programs that reduced employer exposures by as much as 40% while honoring the commitment to a quality health care program. In areas where there are large concentration of retirees of where NSC already has established provider networks, your company will access a coverage option similar to the Preferred Provider Network to reduce further the cost of your company's retiree benefit program. Network usage can be as simple as activating negotiated fee schedules equal to Medicare Allowable charges (a 10% savings) or include some cost-saving measures of managed care. 
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