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Eliminate layers of excess costs and markups on Minimum Essential Coverage (MEC) Plans by paying a flat administrative fee of $35/mo. per employee.
By working with Memberly, employers can have an administrated MEC program, as opposed to buying pre-packaged plans that are double or triple in price.
Many employers overpay for MEC plans not realizing they are buying extras. In other cases, employers choose to buy more coverage in hopes that increased benefits will retain employees. Often, this additional coverage goes unused and has minimal impact on employee retention. Memberly has made MEC transparent:
Employers can have an administrated MEC program, as opposed to buying overpriced pre-packaged plans. Simply pay $35/mo. per employee to the plan administrator and budget $5/mo. for claims. This brings the total estimated cost to $40/mo
Most MEC plans increase in price when a spouse or child is added. This is not the case with Memberly as the administrative cost is held at $35/mo. For a spouse or child, budget $10/mo. for claims bringing the total estimated cost to $45/mo.
Family MEC plans are expensive, often exceeding $100/mo. Working with Memberly, the administrative cost is held at $35/mo. For a family, budget an additional $15/mo. for claims bringing the total estimated cost to $50/mo.
The actual claims incurred for MEC plans are $1 to $3 per month for individual and family plans. You’ll only pay these claims when incurred, this way you’re always in control of your money. When you buy a pre-packaged MEC plan, very little goes to pay claims.