When Litko Aerosystems’ health-care provider increased its rates by double digits — again — CEO Ken Litko knew he needed another option. That’s when he signed his business up with NAM Health Care, an association health plan created by the NAM, Mercer and UnitedHealthcare®. The plan allows manufacturers with fewer than 100 employees to band together in order to purchase affordable coverage that is usually available only to larger manufacturing companies.
The good stuff: NAM Health Care gives small and medium-sized businesses a bunch of great reasons to join, including:
- Comprehensive benefits: NAM Health Care offers a range of benefits, including health insurance, vision coverage, dental benefits and life insurance policies.
- Lower costs: NAM Health Care plans may help manufacturers save on their annual health insurance costs and help employees save on premiums.
- Access to health tools: NAM Health Care provides access to UnitedHealthcare’s largest preferred-provider organization networks. It also offers access to Mercer’s Multiple Employer Solutions suite, which is a one-stop shop designed to make the benefits buying process easy for NAM members and their employees.
- A tailored experience: NAM Health Care is designed specifically for small to medium-sized manufacturers. Instead of forcing employers and workers to hunt around for the kind of coverage that works for them, NAM Health Care prioritizes manufacturers’ needs and interests.
How it works: NAM Health Care is operated by the plan’s Governing Committee, which is made up of mostly small and medium-sized manufacturers. The committee manages the NAM’s medical, dental, vision and life plans with the support of Mercer and UnitedHealthcare.
Why it matters: At a time when manufacturers are seeking millions more skilled workers, a strong health benefits program may help attract and retain talented people. According to a study by marketing agency Fractl, which was featured in the Harvard Business Review, 88% of respondents would give health coverage “some consideration” or “heavy consideration” when job hunting (the highest ranking in the study). With NAM Health Care, manufacturers can offer excellent benefits to current and prospective employees.
The last word: According to Litko, “We were looking for a reduction in overall cost, and we were looking for a reduction in employee costs. . . . Looking at what we have currently, I’m definitely glad we changed when we changed.”
Check out the plans here.
ANN ARBOR, MICH. – The National Association of Manufacturers announced today that it will offer an association health plan to its members, extending affordable health care to small and medium-sized manufacturing companies and member associations in approved states. In states where the association health plan is not available, the NAM will connect manufacturers with available small-group options in their state.
“This association health plan is another step in our work to make the NAM a one-stop shop for manufacturing across the United States,” said NAM President and CEO Jay Timmons. “With small and medium-sized businesses making up more than 90 percent of our membership, this plan will help provide health care and reduce uncertainty for workers and their employers across the country.”
The plan, called NAM Health Care (www.namhealthcare.com), was developed to meet manufacturers’ unique health care needs. It will offer a portfolio of health benefits options insured by UnitedHealthcare. In states where these plans are available, businesses with 2 to 99 employees will be able to choose from a variety of PPO (Preferred Provider Organization) and HSA (Health Savings Account) health plans. Members will also have access to UnitedHealthcare’s Choice Plus care provider network of more than 1.2 million physicians and care professionals and 6,500 hospitals and other care facilities nationwide. UnitedHealthcare will work with any licensed or appointed agents who want to sell NAM Health Care.
In addition, Mercer will provide the NAM’s small business members with consulting services regarding health benefits offerings and contribution strategies, marketing support to educate and enroll their employees, plan administration and compliance services. The Mercer Affinity 365+sm platform will provide members technology for quoting, enrollment and ongoing benefits administration to drive cost efficiencies and facilitate employee engagement.
Association health plans allow companies to band together to manage and purchase health care coverage that may save on annual health insurance costs by providing plans that are typically enjoyed by larger companies at a competitive price. Under NAM Health Care, eligible member companies also will have access to supplemental benefits, including dental, vision and life.
“The work that manufacturers are doing every day grows the economy and strengthens our country, and they deserve the health care they need to do that job with certainty and support,” said Timmons. “At the NAM, we are proud to help lower costs and increase competitive health coverage for the men and women who make things in America.”
NAM Health Care is quoting these plans for eligible member groups for a Sept. 1, 2019, enrollment date. To enroll in these plans, where available, interested businesses may visit www.namhealthcare.com.