Case Study

Better Options for Smaller Companies

Learn how a small manufacturing company addressed increases in their primary medical plan renewal premiums by incorporating ArmadaCare’s supplemental health benefits into their strategy.

The Business: Manufacturing Company

Company Size: 35 Employees

Initial Challenge + Discovery

Primary medical plan renewal premium increase was over 25% and group had to downgrade coverage.

Owners were worried that employees would struggle with additional out-of-pocket costs.

Company had two options:
- HSA seed funding
- ArmadaCare fully-insured solution.

The Solution

Enrolled employees in two tiers:

- 5 owners on highest plan
- 30 remaining employees on low plan

Company chose ArmadaCare over seed funding for two reasons:

HSA funding carries over with employees when they leave, whereas ArmadaCare is a unique offering only available while employed with the current company.
The company provided more value with ArmadaCare coverage than an HSA contribution.

Key Facts & Figures

0 %

55% of people in the U.S. enrolled in HSAs don’t contribute to them.

JAMA NETWORK, 2020

People with a high deductible health plan coupled with an HSA tend to be reluctant to seek healthcare when they need it because they don’t want to deplete their HSA funds.

Interested how ArmadaCare can help you and your company?

Get in touch with one of our experts. You choose the time that’s best for you, and we’ll do the rest!

For this use case, highest plan refers to Ultimate Health Diamond Plus and low plan refers to ComplaMed . Premiums, insurance plans, coverage and availability may vary by state . Detailed coverage, exclusions and limitations are listed in the Certificate of Insurance .