| The CUBS Health Solutions Plan is a lower-cost alternative to comprehensive major medical insurance for employer clients of participating Alabama credit unions. The plan is designed to help people who pay the costs of their own health care by offering the security of an insurance plan and including access to discounts from medical providers to help lower total out-of-pocket expenses. The insurance plan allows participants to use the doctors and hospitals of their choice; the discount program offers discounts on medical services through contracted providers. The discount card also offers discounts on services which are not covered under the insurance plan such as dental, if not elected under the insurance plan, and vision and hearing. Participation in the plan is available to all employer clients of participating Alabama credit unions. | | | FACT: The national average annual premium for traditional health coverage is $4,024 for a single person and $10,880 for a family. In comparison, the annual premium for an employee under age 30 in the Advantage Plan is $516 single and $1608 family when the employer contributes to the plan.
(source: 2005 Annual Employer Health Benefits Survey) |
| | |  | | | | Important Note: The CUBS Health Solutions Plan is not comprehensive major medical insurance. It is a lower-cost alternative providing fixed amount, limited benefits directly to insureds for the most-used types of medical services. The plan pays in addition to any other medical insurance the member may have. Please note, also, that the CUBS Health Solutions Plan is not Medicare Supplement insurance. |
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|  | | AFFORDABLE - You already know that comprehensive health insurance is very expensive. The CUBS Health Solutions Plan offers a less expensive, limited benefit solution for employer clients of participating Alabama credit unions. |  |
| | | ACCESSIBLE
Most group health plans limi t eligibility to specific classes of employees. The CUBS Health Solutions Plan is designed to bridge the gap by making benefits available to all members of participating Alabama credit unions. The CUBS Health Solutions Plan is guaranteed issue for all employer clients of Alabama credit unions. | | | FLEXIBLE
 Two health plans (Advantage and Advantage Plus) are available and an optional Dental plan. Clients of participating Alabama Credit Unions can purchase the Dental Option by itself or in addition to the Advantage or Advantage Plus plan. | | | | FACT: 68% of the population have annual medical expenditures under $1,000 and  80% incur less than $2,000. Just being able to afford to go to the doctor when symptoms first occur can prevent many serious conditions from developing.
(source: “Renewed Health Care Spending Growth Implications” 2001, Katherine Swartz, Ph.D, Professor, Harvard School of Public Health and Alan Monheit, Ph.D, Professor, School of Public Health, University of Medicine and Dentistry of New Jersey) |
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