Welcome Krause Team Leadership
* For Illustrative Purpose Only Not for Public
DRIVE with a Purpose
DRIVE with a Purpose
Proposal to Address current Cigna plan issues
- High and rising premiums
- Network access issues in Florida and North Carolina locations
- Empower Krause Team member to control their families healthcare
Krause Automotive - $2 Million Projected Annual Saving
Innovative to Solve Soaring Healthcare Costs
- More Affordable for Middle Income Families 20% – 50% Savings
- Flexible Open Network Including All Doctors and Hospitals Nationwide
- Transparent Medical Procedure Pricing Known in Advance
- Family Friendly with $1,000 Total out of pocket Maternity plan
- Robust for Major Medical events Additional Expenses
- Affordable 20% – 50% Savings
- Flexible Open Network
- Transparent Procedure Pricing
- Family Friendly
- Robust by Design
American Healthcare Needs Innovation
Traditional Companies & Legacy Plans are Restrictive & Expensive
Old Way
vs
Innovative Way
Old Way vs Innovative
| Legacy Cigna Plan | MightyWELL Plan |
|---|---|
| Expensive | Affordable |
| Restrictive Network | Flexible Network |
| Hidden Costs | Transparent Cost |
| Controlled Access | Freedom of Choice |
| Heavy Regulation | Free Market |
Current Plan Success
- Recognized – #1 Rated TPA Plan (Planstin)
- Large – 60K Lives Currently on the Plan
- Stable – 2% Annual Costs Increase last
- Efficient – 13K Claims Paid Monthly
- Nationwide in all 50 states
- Compliant – Meets all ACA Guidelines
Compare Plan Features
| Cigna | MightyWELL | MightyWELL | |
|---|---|---|---|
| Plan Type | Self Funded | Self Funded | Health Share |
| Premium | $684 EE & $2,042 Family | $500 EE & $1,500 Family | $350 EE & $1,000 Family |
| Deductible | $1,500 -$6,000 | $5,000 | $1K IUA $3K Max |
| Coinsurance | 80% - 20% | 80% / 20% | 100% |
| Network | Cigna | All doctors nationwide | All doctors nationwide |
| Office Visit | $30 / $60 | HSA Self-Pay | HSA Self-Pay |
Choice and Transparency are Keys to Excellent Healthcare
Self Funded - CarePlus
- Affordable 20% – 30% Savings
- Open Network Including All Doctors
- Transparent Procedure Pricing
- Deductible $5K Coinsurance 80% 20%
- For Preexisting Medical Conditions
Health Share - Zion
- Affordable 40% – 60% Savings
- Open Network Including All Doctors
- Transparent Procedure Pricing
- Low $1K Total out of pocket per Event
- Family Friendly $1K Maternity Plan
Illustrative Prelimenary Quote
| Class | Cigna | MightyWELL | Participants |
|---|---|---|---|
| Employee | $535- $684 | $330 - $550 | 580 |
| Employee & Spouse | $532 | 25 | |
| Employee & Children | $1,700 | $500 - 1.2K | 25 |
| Family | $1K -$1.7K | 20 | |
| Total Annual | $5,000,000 | $3,000,000 | 650 |
Projected Annual Savings $2 Million
Healthcare Event Feb 2023
Service tech injured neck
Doctor & Facility Choice – Navicent Hospital, Macon, GA
Procedure Choice – Neck disc surgery
Transparent – Procedure originally priced at $90K, then properly repriced at $29,600
Affordable – Client out of pocket cost – $1,000
Amazing – Balance fully paid by Health Share within 30 days $28,600
Innovative Plan Design
MightyWELL Partners and Affilates
How Excellent Healthcare works?
- Excellent Healthcare is Family Friendly
- Affordable for middle income families
- Patients & Doctors choose treatment course
- The Individual is Empowered as Payer
- Excellent Healthcare is Transparent
- Comprehensive for catastrophic events
Compare: Mandated ACA vs Personalized Healthcare
Client Financial Impact
| Expense | ACA | MightyWELL Plan |
|---|---|---|
| Premium | $7,400 | $4,216 |
| Deductible | $5,000 | $1,000 |
| Co-Pay | 80% / 20% | None |
| Procedure Price Quoted | $87,000 | $33,000 |
| Plan Benefit | ? hidden ? | $32,000 |
| Catastrophic Plan Benefit | $0 | $100,000 |
| Client Financial Impact | $13,900 out of pocket | $94,800 client's to keep |
MightyWELL Client Difference $108,700
Employees and their families enjoy the benefits of Excellent Healthcare
Laparoscopic Gallbladder Surgery Female Age 38
Doctor & Facility Choice – Piedmont Hospital Rockdale County, GA
Procedure Choice – Laparoscopic Gallbladder Removal
Transparent – Original Price $33,694 repriced at $9,500
Affordable – Procedure costs fully paid after $1,000 out of pocket cost