CaliforniaChoice Delivers More, Attracts Increased Membership
The latest enrollment figures for CaliforniaChoice show it continues to attract new membership. Enrolled groups now exceed 18,000 employers and 326,000 members, which includes enrolled employees and their dependents. So, what’s attracting more employers to CaliforniaChoice? Of course, each group has its own reasons, but three principle reasons more organizations are choosing CaliforniaChoice are budget control, the private exchange’s carrier and plan roster, and streamlined administration and Affordable Care Act compliance.
Increased budget control
Managing your company’s health care costs is a big concern, but it’s easy with Defined Contribution from CaliforniaChoice. That’s because you choose the amount you want to contribute toward your employee’s health care benefits – a Fixed Percentage (50% to 100%) of a specific health plan and/or benefit or a Fixed Dollar Amount for each employee. Your employees then apply your generous contribution to whichever health plan and benefits they prefer. If an employee selects a plan that costs more than your contribution, he or she pays the difference. It’s that simple. At renewal, you have the option to adjust your employer contribution – up or down – giving you complete control over what you spend on your employee benefits, year after year.
Carrier and plan roster
Instead of purchasing health insurance from a single health insurance carrier, with CaliforniaChoice, you and your employees have a selection of seven different, top-rated carriers offering dozens of plans. One of your employees might choose a PPO or EPO from Anthem Blue Cross because it includes a particular doctor or hospital in the Anthem network that he or she wants. Another employee who rarely visits the doctor might choose an HMO from Kaiser Permanente or a regional carrier. A third employee might choose a Health Savings Account (HSA) compatible HMO from UnitedHealthcare because of cost and tax considerations. With CaliforniaChoice, employees have access to a number of full and limited networks that include a wide variety of doctors, specialists, and hospitals up and down the state. And you can give your employees a choice of two Affordable Care Act metal tiers (Platinum/Gold, Gold/Silver, or Silver/Bronze), which significantly increases the number of plans and doctors available to them. Offering this level of choice — without increasing your benefits costs, as compared to a single health plan solution — gives you a recruiting advantage, too, and a powerful tool to help you keep your current employees.
Streamlined administration and compliance
Many employers like CaliforniaChoice because it offers consolidated billing and administration. Whether you have one employee or 100, you’ll get one monthly bill that lists all of your employees’ coverage, your contribution, and employee deductions. You can also pay your bill and manage your employee benefits online at com. Plus, all of the plans available through CaliforniaChoice are compliant with the Affordable Care Act, so you know you’re offering valuable benefits that are in line with federal guidelines. To find out more about CaliforniaChoice, and how it can help you expand your employees’ options, control your costs, and streamline your benefits administration, contact your employee benefits broker. If you don’t already have a broker, we’ll help you find a CaliforniaChoice broker to speak with about the health care options available to your group.