Because Executive Edge is an insured medical reimbursement plan and not self-insured, your firm's premium contributions for the plan are typically tax deductible as a reasonable and ordinary cost of doing business**. In addition, you are able to maintain or add on cost-containment features to your existing plan, while still providing a valuable incentive to your key employees. And –best of all – you decide just who those employees are.
Professional Service
Experienced claims administrators handle all claims in a professional and discreet manner. After your covered employee submits to you those expenses not reimbursed under a base health plan, you submit that claim to Executive Edge who reimburses the covered employee and their covered dependents for the expense. It's that simple!
Accidental Death
Each of your covered employees also receives an accidental death policy of up to $100,000 that will pay a beneficiary the lump sum amount in the event the employee dies as the result of a covered accident. Employees are covered 24 hours a day, seven days a week, regardless where their travels take them.
Executive Edge
Reward Those Who Deserve It Most
Those key people in your organization. You know who they are. They're the ones who will dictate the future of your company, the ones who go the extra mile to ensure your firm's profitability. They're also the ones who are difficult to recruit and equally difficult to retain because everyone recognizes their value.
Show them how much you recognize their value by covering them with Executive Edge*. With Executive Edge, your key employees will immediately realize an annual benefit of up to $200,000 per year. That's because, with Executive Edge, your covered employees, and their dependents, are eligible to be reimbursed for medical expenses not covered under a base health plan.
Your key employees will receive a reimbursement check each time they pay for such things as deductibles, co-insurance, vision, dental, and other typical out-of-pocket expenses. And, each time they get reimbursed through Executive Edge,the message of their importance to your organization will be reinforced.
Miscellaneous
Executive Edge is underwritten by Pan American Life.
This marketing material only offers a brief description of the Executive Edge policy and is not a substitute for the policy. Complete policy provisions and coverages are only contained in the policy.
While a properly structured medical reimbursement policy can qualify for a tax deduction for you – the employer – and non-taxable income to your employees, it is strongly recommended that you seek the advice of your tax counsel when considering implementation.
*Underwritten by Pan American Life.
**Always consult a professional tax advisor to determine how tax laws affect your clients.
