AHR Offers Group Health Benefits Alternative

American Health Resources has created a way for small and mid-market employers to replace their group health insurance policies with individual policies.

American Health Resources (AHR) has launched Personal Benefits Plan, designed to save small and mid-market employers money and give employees the health insurance policy that works best for them.

With the AHR Personal Benefits Plan, the employer gives each employee a “Benefits Savings Account,” funded by the employer, and lets each employee choose their own benefits package, including their own health insurance policy.

AHR claims that many employers have expressed interest in an individual policy-based benefits plan, but haven’t been able to find one that is compliant with the Patient Protection and Affordable Care Act (ACA). The company says its Personal Benefits Plan puts together the right mix of pre-tax and after-tax benefits, taking into account employee medical expenses, federal subsidies and cost sharing that will produce the best result for each individual employee. The Personal Benefits Plan is fully compliant with Internal Revenue Service (IRS) regulations and exempt from group health plan rules.

AHR says the solution saves employers and their employees about 30% in premiums and out-of-pocket medical expenses, and it is immune to the open enrollment time frames that typically limit companies to a 30-day window. In addition, each employee gets help choosing their optimal insurance coverage so they can make the best decision for themselves and their families.

More information about AHR is at www.ahr.net.