Under new government administrative directives, legislators are removing government interference from healthcare and returning control back to the private sector, in an effort to lower insurance costs.
During Obamacare, over 60% of employers no longer offer ESI (Employer Sponsored Insurance). HFX has set up a new insurance agency, representing over 300 insurers with lower health insurance options for consumers, and a captive insurance division to establish group rates for small employers to improve ESI.
The new policies will be linked to a virtual payment platform with financial incentives enhancing eligibility ID cards. The captive insurance company will leverage IRS tax advantages for employers and employees. A digital wallet is attached to each insurance ID card to facilitate healthcare clearinghouse transactions. The HFX captive insurance division is being managed by AON. AON is a global professional services firm that provides risk, retirement and health consulting with approximately 500 offices worldwide, serving 120 countries with 69,000 employees.
The HFX insurance broker network currently services over 6 million insureds. Recently, HFX was approved by the HHS as a SAM (System Award Management) contractor, qualified to receive government contracts.
. All reward points can be redeemed to pay for co-payments, as an example. Includes merchant rebates and cash-back.
. Special non-Obamacare lower rates to Out-of-pocket Expenses i.e. deductibles, co-insurance, co-payments etc.