Grow Your Business with a MEC Plan
As a broker, you're likely facing a significant challenge this year.
Winning business and growing organically is more critical than ever.
It will help if you differentiate yourself from other brokers with unique strategies to achieve this. One option to consider is a minimum essential coverage (MEC) plan.
MEC plans typically include around ten basic coverages, with options ranging from basic to robust. These plans often feature a national PPO network, providing patients unlimited telemedicine and in-person doctor visits. The extensive network allows patients to see almost any doctor they choose.
One advantage of MEC plans is their flexibility. Brokers can pivot to another network if a client is in a more rural area and needs access to a different set of doctors. Additionally, MEC plans cover in-person visits for primary care specialists, urgent care, lab work, X-rays, and pharmaceuticals. There are even mental health benefits that can be utilized via telemedicine.
Recently, a robust MEC plan was introduced, including a high-level teledoc service with more services than typically found in telemedicine.
This new MEC plan provides a core set of acute services that are missing hospitalization. Brokers can address this gap by offering a hospital indemnity plan with the MEC plan.
With hospital indemnity plans, brokers can provide coverage for acute services while also providing reimbursements for hospital services. The plans are still affordable, costing under $180, and are also on a PPO network, allowing patients to receive discounted rates for medical services.
Overall, MEC plans offer brokers unique and valuable offers to help them stand out in a competitive industry. By considering these plans and offering complementary hospital indemnity plans, brokers can provide clients with the coverage they need while differentiating themselves from others in the market. Stay tuned for more education on these new MEC plans, and be aware of the evolving landscape of healthcare coverage.