Champion Health Plan super hero posing at hospital.

In today’s competitive business landscape, retaining key employees is crucial for the success and growth of any organization. One of the most significant factors in employee retention is the health benefits program offered by the employer. However, with the rising costs of traditional employer-sponsored health insurance, many U.S. employers are seeking alternative solutions. The Champion Health Plan, a self-funded plan, is emerging as a game-changer in employee healthcare, offering numerous benefits to employers and employees.

Understanding the Champion Health Plan: A Self-Funded Healthcare Solution

The Champion Health Plan is a self-funded, personalized, clinical preventive healthcare program designed to complement an organization’s primary healthcare insurance. By adopting a self-funded approach, the Champion Health Plan aims to make healthcare coverage more cost-effective and beneficial for employers while improving employee retention and satisfaction rates.

Customizable Plan to Meet Workforce Needs

One of the key advantages of the Champion Health Plan is its flexibility. Employers can customize the plan to meet their workforce’s healthcare needs rather than being limited to a “one-size-fits-all” insurance policy. This customization allows employers to prioritize the health concerns most relevant to their employees, ensuring the plan is tailored to their unique requirements.

Improved Cash Flow and Cost Savings

With the Champion Health Plan, employers maintain control over the health plan reserves, enabling them to maximize the interest income that an insurance carrier would otherwise generate. Moreover, employers are not required to pre-pay for coverage, resulting in improved cash flow. The plan’s self-funded nature also exempts employers from state health insurance premium taxes, typically ranging from 2-3 percent of the premium’s dollar.

Champion Health Plan freedom

Freedom from Conflicting Regulations and Mandates

As self-insured health plans are regulated under federal law (ERISA), employers adopting the Champion Health Plan are not subject to conflicting state health insurance regulations and benefit mandates. This freedom allows employers to design a plan that aligns with their company’s values and goals without being constrained by varying state requirements.

Empowering Employers with the Champion Health Plan Dashboard

The Champion Health Plan offers a unique feature for employers: a dashboard view of their company’s overall health profile. This powerful tool provides employers with a visual representation of their employees’ health conditions based on their average Life Score. By accessing this information, employers can facilitate better group discussions about employee health and well-being.

Protecting Employee Privacy

While the dashboard offers valuable insights, individual employee data remains confidential and is not exposed to the employer. This privacy protection ensures that employees feel secure in sharing their health information, fostering a culture of trust and transparency within the organization.

Tracking and Improving Employee Health

The Champion Health Plan dashboard empowers employers to track their employees’ current and projected healthcare concerns. By monitoring their workforce’s average Life Score, employers can identify areas for improvement and implement initiatives to create a healthier and happier team. When employees achieve an optimum average Life Score, employers can recognize their progress and set new challenges to maintain a thriving workplace.

Employee Benefits: Simplifying Healthcare and Saving Money

The Champion Health Plan offers a range of benefits designed to simplify healthcare for employees while saving them money. The plan puts employees back in control of their healthcare spending by curating a selection of top-tier digital health features. It provides seamless access to providers and cost clarity for treatments.

Virtual Care, Anytime, Anywhere

With the Champion Health Plan, employees can access on-demand virtual care whenever needed. They can consult with a provider 24/7 for free, eliminating the need for costly and time-consuming in-person visits for minor health concerns.

Affordable Primary and Urgent Care

Champion Health Plan zero deductable visits.

The plan offers $0 deductible and $0 copay for primary care and urgent care office visits, ensuring employees can access essential medical services without financial burden. This accessibility encourages employees to prioritize their health and seek care when needed, reducing the likelihood of more serious and expensive health issues in the future.

Comprehensive Prescription Coverage

Employees enrolled in the Champion Health Plan enjoy unlimited prescriptions included on the drug formulary, with $0 or $1 copay. This comprehensive coverage ensures that employees can afford the medications they need to maintain their health and well-being without the stress of high out-of-pocket costs.

100% Preventive Care Services

The Champion Health Plan covers 100% of preventive care services with $0 deductible and $0 copay. By encouraging employees to participate in regular check-ups, screenings, and preventive measures, the plan helps detect potential health issues early on, ultimately reducing healthcare costs for both the employer and the employee.

Mental Health Support and Therapy

Recognizing the importance of mental health, the Champion Health Plan provides employees with access to AI-powered chat, peer-to-peer support, and virtual therapists for $0 copay. This comprehensive mental health support ensures that employees can prioritize their emotional well-being and receive the care they need to thrive personally and professionally.

Virtual Pet Care

The Champion Health Plan even extends its benefits to employees’ furry friends. With virtual pet care, employees can access veterinary support and advice for their pets, providing peace of mind and ensuring the well-being of their entire family.

Conclusion

The Champion Health Plan is revolutionizing the way businesses approach employee healthcare. By offering a self-funded, customizable plan with a range of comprehensive benefits, the Champion Health Plan empowers employers to prioritize the health and well-being of their workforce while managing costs effectively. The plan’s dashboard feature provides valuable insights into the overall health profile of the company, enabling employers to make data-driven decisions and implement initiatives to improve employee health. For employees, the Champion Health Plan simplifies healthcare, offers affordable access to essential medical services, and provides a wide array of benefits designed to support their physical, mental, and emotional well-being. By adopting the Champion Health Plan, businesses can differentiate themselves in the competitive job market, attract and retain top talent, and foster a thriving, healthy workplace culture.

Champion Health Plan FAQs

How does the Champion Health Plan differ from traditional employer-sponsored health insurance?

The Champion Health Plan is a self-funded plan, which means that the employer assumes the financial risk for providing healthcare benefits to employees rather than paying a fixed premium to an insurance carrier. This approach allows for greater flexibility in plan design, improved cash flow, and potential cost savings compared to traditional employer-sponsored health insurance.

Can small businesses benefit from the Champion Health Plan?

Yes, the Champion Health Plan suits businesses of all sizes, including small businesses. The plan’s customizable nature allows small businesses to tailor their healthcare offerings to the specific needs of their workforce. At the same time, the self-funded model can help control costs and improve cash flow.

How does the Champion Health Plan handle compliance with healthcare regulations?

As a self-insured health plan, the Champion Health Plan is regulated under federal law (ERISA) rather than state health insurance regulations. This means employers who adopt the plan are not subject to conflicting state benefit mandates, providing greater flexibility in plan design and administration.

What support does the Champion Health Plan offer for mental health and wellness?

The Champion Health Plan recognizes the importance of mental health and wellness in the workplace. The plan provides employees access to AI-powered chat, peer-to-peer support, and virtual therapists for $0 copay, ensuring that employees can prioritize their mental well-being and receive the care they need.

How can employers monitor and improve the health of their workforce with the Champion Health Plan?

The Champion Health Plan offers a dashboard view of the company’s overall health profile, which provides employers with a visual representation of their employees’ health conditions based on their average Life Score. By tracking this information, employers can identify areas for improvement, implement targeted wellness initiatives, and create a healthier, more productive workforce.