Explaining MASA to Your Employees
Explaining MASA to Your Employees
Many people may assume that their company’s health insurance will cover them for ambulance rides and emergency transportation expenses. Unfortunately, this is not always the case. During the last 10 years, gaps have opened up in modern health insurance, leaving your employees exposed to potential out-of-pocket expenses. As an employer ourselves, MASA MTS constantly works to stay in tune with common concerns of the modern employee.
METLIFE’s 17TH ANNUAL STUDY OF EMPLOYEE BENEFITS TRENDS
67% of employees are worried about having enough money to cover out-of-pocket medical expenses.
Metlife’s 18th Annual Study of Employee Benefits Trends
More than half (52 percent) of U.S. employees are concerned with their financial health in the wake of the novel coronavirus (COVID-19) pandemic.
4 Ways People May Get Stuck With
Emergency Transportation Bills
There are over 27,000 ambulance companies operating in the United States and your health insurance may only cover a limited amount of in-network providers. The truth is, there’s no guarantee you’ll be picked up by an in-network provider. In fact, according to Consumer Reports, 79% of all ground ambulance rides could result in an out-of-network bill.
MASA Plans cover all emergency transportation providers within the continental United States, Alaska, Hawaii, and while traveling in Canada, so you never need to worry about which ambulance company picks you up.
Sources:
IBIS World, Ambulance Services Industry in the US – Market Research Report
Consumer Reports, Your Ambulance Ride Could Still Leave You With a Surprise Medical Bill
Health insurance may only pay for an ambulance if your trip is deemed “Medically Necessary.” Medical necessity is established when any other method of transportation (besides an ambulance) would endanger the patient’s life. For example, let’s say you’re experiencing symptoms commonly associated with a heart attack and end up taking an ambulance to the hospital. If your health insurance decides that the cause of your symptoms (perhaps indigestion, heartburn, or a panic attack) doesn’t meet their requirements for an ambulance, they could deny your claim and potentially leave you on the hook for thousands of dollars.
If you are lucky enough to get an in-network ambulance and your claim is accepted by insurance, they may only pay a set amount based on the “Usual, Customary and Reasonable Rate.”
MASA MTS functions as your very own team of financial defenders. We take your emergency transportation bills, negotiate with providers, pay out-of-pocket expenses and leave you with complete peace of mind.
Even if your bills fall within the Usual, Customary and Reasonable Rate, many insurance plans may feature copays and deductibles. Copays are set fees attached to certain medical services. A deductible is a set amount you must pay before insurance begins to cover your medical charges. Depending on your health insurance plan, some deductibles can be as high as $8,000. So, regardless of other variables, you could automatically be on the hook for hundreds of dollars to thousands of dollars just to fulfill the requirements of your insurance plan.
MASA MTS will work to take care of out-of-pocket costs, including copays and deductibles.
Why MASA Coverage is
So Important Right Now
According to CNBC, two-thirds of people who file for bankruptcy cite medical issues as a key contributor to their financial downfall. The same article claims “what most people don’t realize is that their health insurance may not be enough to protect them.” It’s estimated that 530,000 families turn to bankruptcy each year because of medical issues and bills.
MASA MTS provides you with a trusted financial safety net. Our low, monthly fee is designed to cover out-of-pocket expenses in the event of an emergency.
Source:
CNBC, This is the real reason most Americans file for bankruptcy
A recent report from Federal Reserve found that only 40% of Americans have enough savings to cover a $400 emergency expense. The average charge for a ground ambulance is well over $1,500.
Even if you have a large savings account, it would be heartbreaking to drain all that cash because of one emergency. MASA MTS is designed to protect your finances and give you complete peace of mind when it comes to out-of-pocket expenses resulting from emergency transportation.
Sources:
Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2018 – May 2019
HealthCareInsider, Why Ambulances Are So Expensive
It may take a massive overhaul of the health insurance industry to address the current issues related to emergency transportation. So, whether you plan on increasing your savings, finding additional coverage or rolling the dice with fate, these potentially large gaps may still be a reality for many employees and their families.
No other emergency transport companies offer comprehensive fixed-wing, helicopter and ambulance coverage. MASA MTS is unique in that it provides complete protection from financial setbacks caused by unexpected emergency transportation bills.
Modern Health Insurance May Not Offer Complete Protection
Many plans have insufficient coverage when it comes to emergency transportation. Even the best insurance companies may only cover a limited-amount of in-network providers. Unfortunately, there’s no guarantee that an in-network ambulance will pick you up when emergencies strike.
MASA MTS bridges the gaps that may be left by monthly health insurance, providing extensive financial protection in the event you or a dependent family member needs emergency transportation.
