The Ameriflex Alternative Plan (TAAP) allows employers to build their own bundle to include cost-effective and mental health coverage options for their employees. Employers have the option of including:
Individual Coverage Health Reimbursement Arrangement (ICHRA): A health benefit that allows employers to reimburse employees for some or all of their health insurance premiums or other qualified medical expenses. The ICRHA allows employers of any size to reimburse employees for some or all of the premiums the employee pays for health insurance they purchase on their own.
Telescope Health: A leading provider of concierge virtual care. Telescope is setting a new standard for the user experience in virtual care and redefining how patients experience medical services: the patient is only three clicks away from being in front of a doctor, and the average wait time to see a doctor is six minutes. Most importantly, Telescope's concierge care navigators, physicians, and care providers are ready to see your employees 24 hours a day, 7 days a week.
Intellect Mental Health: A leading mental health tech company that offers manageable mental health support and behavioral guidance anytime and anywhere. Intellect's mission is to redefine mental healthcare, to make mental health support more accessible, and to remove the stigma that surrounds seeking mental health support. Intellect strives to change how mental health support can be packaged and delivered to individuals and workplaces.
The addition of these benefits helps employers meet the most pressing liabilities by key aspects of the CAA.
The Consolidated Appropriations Act (CAA) expands on ERISA fiduciary duties for employers managing employee benefit contributions. It mandates robust processes to protect plan assets and ensure compliance. Compliance is essential to avoid legal and financial penalties, making understanding and adhering to the CAA crucial for employers offering group health benefits.
