Deductibles & Co-Insurance: Personalize Your Benefits (Infographic)
Honeybee offers modern, comprehensive health benefits. There’s no really such thing as one-size-fits-all, and we recognize that; that’s why Honeybee offers the ability to personalize plans to employees’ unique needs and usage expectations.
What does this mean?
In a traditional coverage plan, employers select a set deductible and/or co-insurance level for their employees. However, the reality is that this method might not be ideal for most. Honeybee allows for plan holders to adjust their levels of medical, dental, and health deductibles and co-insurance depending on personal needs. (And for those who would like a more traditional approach, fret not – Honeybee’s modern digital platform can also be used with a Traditional Benefits Plan.) The best part is, none of this requires any extra cost or effort on an employer’s part. Win/win!
This is in addition to the flexible Health Spending Accounts (HSAs) offered by Honeybee, which act as a lump sum account which can be used towards any combination of drug, dental, vision, or paramedical expenses. HSAs are a valuable addition to a regular benefits plan, or can be used in place of one.
See the infographic below to learn more about Honeybee’s customization features work in action, and how they relate to plan member deductibles and co-insurance.
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