The Spousal Advantage Plan MERP is a Win-Win Solution for Employers looking to reduce costs and offer an increase in benefits for employees.

As a business owner, risk manager or Human Resources (HR) Professional, you are well aware of the challenges associated with choosing and managing a cost effective group health benefits program.

While there are many ways to reduce costs, some are only beneficial to the company. As a result, employees suffer.

The Spousal Advantage Plan MERP (Medical Expense Reimbursement Program) is considered by all of our customers as a “Win-Win Solution”, for both the employer implementing it and the employee taking advantage of the benefits. You can learn more about the Spousal Advantage Plan MERP at www.JandKConsultants.com

With this strategy, you can reduce your cost and risk simultaneously. All the while, employees have access to greater benefits at a lower cost.

Despite a somewhat confusing name, there is not much to understanding the Spousal Advantage Plan MERP. The idea behind this is simple: move eligible employees off of your health coverage and onto the plan provided by their spouse’s employer.

As the company facilitating the change, you will be responsible for funding the spouse’s premium contribution as well as out of pocket costs. In the end, this means your employee takes home more money while also securing better benefits.

Are you still unsure of how the Spousal Advantage Plan works? Examining the two reimbursement types should clear the air:

• Premium reimbursement with the idea of making the spouse’s health insurance policy the same or cheaper than the one you provide employees.

• Out of pocket expense reimbursement to ensure that out-of-pocket expenses are also lower.

Feel free to watch the video to learn more about the program below:

This may sound like a lot of work. This may sound like a challenge your company isn’t willing to take on. But don’t jump the gun and decide against the Spousal Advantage Plan MERP until you fully examine the finer details. This could result in a Win-Win situation that saves you and your employee’s money.