{"id":36178,"date":"2021-05-17T12:09:05","date_gmt":"2021-05-17T16:09:05","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=36178"},"modified":"2021-05-17T13:07:29","modified_gmt":"2021-05-17T17:07:29","slug":"mvp-health-care-partners-with-health-plans-inc-to-offer-plans-to-businesses","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/05\/mvp-health-care-partners-with-health-plans-inc-to-offer-plans-to-businesses\/","title":{"rendered":"MVP Health Care Partners With Health Plans Inc. To Offer Plans To Businesses"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">MVP Health Care announced a new partnership with Health Plans, Inc. (HPI) to offer level-funded plans to businesses in New York. Beginning this summer, employers with more than 100 subscribers, will have access to MVP Health Care\u2019s level-funded plan, which will offer employers an alternative to traditional fully insured or self-funded plan options.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Administered by MVP Select Care, Inc., this new option provides the best of both worlds by offering the peace of mind of a fully insured plan with the flexibility and cost savings potential of a self-funded plan.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cHealth insurance is often the second largest operating cost for businesses after employee wages,\u201d said MVP Health Care\u2019s President and Chief Executive Officer, Christopher Del Vecchio. \u201cThis new solution will provide businesses and employees with alternative, affordable health care options, which have become more important than ever during the COVID-19 pandemic.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">MVP Health Care\u2019s level-funded plan offers businesses greater cost control and potential savings. Companies pay one fixed monthly premium for all costs and at year-end, if claims are less than what was originally projected, the employer will receive 100% of the surplus. If claims are more than projected, the employer does not have to pay anything additional to cover the additional costs.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cWe\u2019re excited to partner with MVP Health Care to expand access to a level-funded plan for New York business owners,\u201d said Health Plans Inc.\u2019s President and Chief Executive Officer, Deborah Hodges. \u201cPartnering with MVP Health Care came naturally, as we are both continuously working to find innovative approaches to improve the health and well-being of our communities and members.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><!--more-->This new level-funded plan provides businesses with the customization and detailed reporting of self-funded plans and the financial safety and predictable cash flow of fully insured plans. Innovative benefits include options to help employees support a healthy lifestyle such as $0 telemedicine services and dedicated onsite well-being support for employees.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For more information on MVP Health Care\u2019s level-funded plan visit: mvphealthcare.com\/shopLF.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">MVP Health Care is a nationally recognized, not-for-profit health insurer caring for members in New York and Vermont. Committed to the complete well-being of our members and the communities we serve, MVP makes health insurance more convenient, more\u202fsupportive, and\u202fmore\u202fpersonal. For more information, visit www.mvphealthcare.com, or on Facebook, Twitter, Instagram, and LinkedIn.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As a leading national third-party administrator, HPI partners with health plan brokers and employers to provide innovative self-funding strategies and customized plans tailored to each client\u2019s needs and population. HPI\u2019s solutions give employers greater cost transparency and control, while elevating the member experience. HPI is a Harvard Pilgrim company. For more information visit: www.hpiTPA.com.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MVP Health Care announced a new partnership with Health Plans, Inc. (HPI) to offer level-funded plans to businesses in New York. Beginning this summer, employers with more than 100 subscribers, will have access to MVP Health Care\u2019s level-funded plan, which will offer employers an alternative to traditional fully insured or self-funded plan options. Administered by [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-36178","post","type-post","status-publish","format-standard","hentry","category-health-community-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>MVP Health Care Partners With Health Plans Inc. 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