• Terminate your expensive group health benefits plan
• Give your employees tax-free money to buy their own individual/family health insurance
• Simultaneously make your employees instantly HIPAA-eligible, which guarantees them immediate coverage without exclusions for preexisting conditions

If you have an employee with a preexisting condition that costs your employer-sponsored health insurance plan $25,000 to $75,000 each year, HIPAA-eligible individual premiums of $3,000 to $4,800 a year ($250 to $400 per month) look like the deal of a lifetime for your business. But the real person getting the best deal could be your employee with a preexisting condition—since now that individual could get permanent health insurance, guaranteed renewable until age 65, independent of any employer.  

Traditional Defined Benefit Health Insurance versus New Defined Contribution Health Insurance
Traditional defined benefit plan: You provide your employees with a defined healthcare benefit—doctor visits, hospitalization, pharmacy and so on—at uncertain annual cost. The benefit is administered through your limited-choice employer-sponsored group health benefits plan.

New defined contribution plan: You provide your employees with a tax-free allowance or “contribution” to spend on their own healthcare—at an annual cost that you control. Employees use this allowance to pay the premiums for their own individual/family health insurance policy, to pay out-of-pocket medical expenses, and to make contributions to their Health Savings Account.

Unhealthy Employees Also Save Money and Get Safer Coverage
What about the other up to 20 percent of your employees who are not healthy or who have an unhealthy family member—some of these employees may not medically qualify for affordable private individual/family health insurance. These 20 percent of your employees will not benefit as much financially as your healthy employees (unless your company sets a higher level of HRA reimbursement for unhealthy employees); however, they, too, will be much better off with a defined contribution plan—because they will now have guaranteed renewable health insurance independent of their employment. As highlighted in Chapter 1, three-fourths of the millions of Americans who have filed medical bankruptcy had health insurance from an employer when they first became ill—health insurance they lost when they became too sick to continue their job.Here are the four options for your unhealthy employees or employees with an unhealthy family member:

New Health Insurance Solutions for individuals, families, self-employeds, and businesses.

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