isolved Portable Alternative Coverage (PAC)

powered by When

isolved Portable Alternative Coverage (PAC)

What if you could significantly upgrade your offboarding process and reduce the overall costs of providing medical insurance to your employees?

Take an innovative step forward in serving your client organizations, your employees and their families

Introducing isolved Portable Alternative Coverage (PAC), an innovative way to expand affordable and cost-saving offboarding options that go beyond the conventional COBRA confines.

I'd like to talk to someone about this.

The benefits of Portable Alternative Coverage

With isolved Portable Alternative Coverage (PAC) you can help your organization by:

Lessening COBRA costs while being more aligned to what matters to your employees and their families

Positioning your organization as a standout people-first employer

Drastically improving the confusing and restrictive COBRA process to boost employee engagement and productivity

How isolved Portable Alternative Coverage (PAC) works

From the qualifying event notice required by law, PAC detects terminations and other eligibility status changes.

Affected employees are contacted and provided COBRA alternative health insurance plan options.

Personalized live expert guidance is provided 24/7 to inform employees’ decision.

isolved Portable Alternative Coverage (PAC) is an AI-driven technology platform and employee benefit that provides unparalleled support for your employees navigating offboarding, life changes, and the complex health insurance market, all while saving your organization time and money.

Numbers used are not guaranteed and actual numbers may vary based upon information provided during the application process.

https://www.ebri.org/content/cobra-a-closer-look-at-who-enrolls-and-the-case-for-subsidies

https://www.kff.org/private-insurance/issue-brief/key-issues-related-to-cobra-subsidies/

Break free from the restrictive nature of the customary COBRA process and better serve your employees and their families by:

Easily and quickly leveraging a one-time integration without data file or manual entry requirements
Maintaining compliance with local and/or state requirements by assigning specific workflows, documents and severance packages to individual cases
Improving the offboarding experience by helping exiting employees find health insurance plans that are a better fit for them and their families
Replacing COBRA subsidies in severance packages with an optional, fixed-dollar reimbursement that eligible employees can use to pay for non-COBRA health insurance premiums – giving them more choice while reducing your organization's risk
Empowering employees with information and resources for finding health insurance coverage when they’re eligibility changes, like moving to part-time or children aging out
Providing guidance and enrollment assistance for retirement-age employees who may be considering Medicare Advantage plans

Together let’s talk about how your offboarding program can better serve your organization, your employees and their families.

Contact your account manager directly: isolvedPAC@isolvedhcm.com