Traditionally, when businesses provide employee medical insurance benefits, employees receive little more than an insurance policy issued by a particular insurance company which pays certain medical expenses in the event of illness or injury. The created “health plan” becomes nothing more than a process of treatment, claims, and payments. Medical insurance alone is not a health plan.
The VAULT Captive Health Plan is not simply another insurance product, although insurance products are used. It is a multi-disciplinary, comprehensive and integrated health care strategy that provides employees and employers with improved health care coverage and benefits. By understanding insurance companies and how they price risks, the innovative design of VAULT typically reduces health care benefit costs.