Purple cow employee benefits 2011 (the short version)

download Purple cow employee benefits 2011 (the short version)

of 25

Embed Size (px)

description

Purple cow employee benefits 2011 (the short version)

Transcript of Purple cow employee benefits 2011 (the short version)

  • 1. Purple Cow 2011 Employee Benefits that stand out in the field (the short version)

2. What is aPurple Cow ? A unique product that stands out in the field.GotuacosPurple Cowis a uniqueHealthcareproductthat stands out in the field ofEMPLOYEE BENEFITS.Mo o ! Mo o ! 1 3. ThePurple CowVision: financial security through employee benefits.Mo o ! Mo o ! 2 Purple Cowbelieves that financial security can beachieved throughequal access to employee benefits. 4. ThePurple CowMission: to protect employees from financial insecurity. Purple Cowprovides you with many layers of protection,tostop you from losing moneyto medical emergencies.Mo o ! Mo o ! 3 5. ThePurple CowCore Value: take care of the hands that take care of you! Purple Cowbelieves in helping those who help you grow:if not thru morecompensation , then thru morebenefits. Mo o ! Mo o ! 4 6.

  • Purple Cowgives you all of todays major employee benefits in one single package, designed to provideSULITprotection:
      • Group Life:P100,000 P1,000,000
      • Group Accident:P100,000 P1,000,000
      • Group Health:P20,000 P200,000

MoreVALUE 5 You giveMOREemployee benefits toallof your staff! Purple Cow2011 Value Proposition 7.

  • Purple Cowsaves you up to60%on the2 most frequently selected Room & Board categories, when you combine them with our recommended Maximum Benefit Limits:
      • Ward20T : P5,445 or P5,990
      • Semi-Pvt30T : P6,756 or P7,444

+ LessPRICE* 6 *(insured HMO plans apply to SME only; self-insured TPA plans apply to Large Companies) You getLOWERrates formostof your staff:big saving$! Purple Cow2011 Value Proposition 8.

  • Purple Cowprovides Good News to each level of your organization:
      • Employees:More financial security
      • HR:Better recruitment&retention
      • Finance: Greater financial viability
      • CEO: Major pogi points

= MoreHAPPY-NESS 7 You makeEVERYONEhappy at thesame time! Purple Cow2011 Value Proposition 9. What are Employee Benefits (EB) ? EMPLOYEE BENEFITS are incentives given to employees as part of an overallHR strategy torecruit or retainthem.EBcan help you win the war for talent 8 Purple Cow2011 EB Primer 10. What is the purpose ofEB ?

  • The purpose of EMPLOYEE BENEFITS is to increase theeconomic securityof employees.
    • Wikipedia

EB can help your employees become financially secure 9 Purple Cow2011 EB Primer 11.

          • Paid vacations, 75%
          • Health insurance, 61%
          • Paid sick leave, 59%
          • Disability insurance, 41%
          • Education reimbursement, 39%
          • Pension plan, 30%
          • Life insurance, 29%
          • Dental insurance, 24%

What are the most commonEB ? All 4 insurance benefits are offered inPurple Cow! 10 - Small Business Poll on Compensating Employees (NFIB, US: 2003) Purple Cow2011 EB Primer 12. 11 Purple Cow2011 Benefits ACCIDENT 2.PERSONAL ACCIDENT a. Accidental Death * Murder b. Disability * Assault HEALTH 3.MEDICALHMO* 21,519 MD, 352 hospitals, 358 clinics 4.DENTALHMO * 775 dentists, 645 clinics 5.Opt. Annual Physical Exam* 124 hospitals, 241 clinics, 31 mobile6.Opt. Reimbursement Plan * Prescribed Medicines, Dental & Vision LIFE 1.LIFE * Total & Perm. Disability Income LIFE ACCIDENT HEALTH Benefits Overview 13. 12 Purple Cow2011 Benefits 18. Dental = HMO(775 dentists / 645 clinics) 6. Assault = __% of 5x MBL 24. Same benefits for all Dependents 23. Same benefits for all Employees 22. Opt. Reimb. for Rx meds, dental & vision21. Opt. APE = designated or mobile clinic 20.1permanent filling,2oral prophylaxes,etc. 19. Dental access to major mallsin Metro-Manila 17. Special procedures = 30%/100% of MBL 16. Benefits on top of Philhealth 15. 100% Congenital Conditions coverage 14. 100% Pre-Existing Conditions coverage 11. MBL per disability, per year 10. Combined inpatient & outpatient limits 12. HMO patient for no-cash-out 13. Private patient for reimbursement (HMO rate) 9. HMO buffet of benefits: IP/OP/ER 8. Access to Big 5 Hospitals & Healthway 7. Medical = HMO(21,519 MD / 352 hospitals / 358 clinics) 5. Accidental disability = __% of 5x MBL 4. Murder = 5x MBL 3. Accidental death = 5x MBL 2. Total & perm. disability income = 5x MBL 1. Life = 5x MBL LIFE ACCIDENT HEALTH Benefits Summary 14. 13 Purple Cow2011 CostsVIRGIN RATES Cost Summary (APE & Reimb. Plan extra) 3,281 9,188 17,391 32,813 3,054 8,550 16,184 30,536 200T 2,672 7,483 14,164 26,724 160T 1,304 3,651 6,912 13,041 70T 618 1,729 3,273 6,176 30T 1,347 3,772 7,140 13,472 80T 680 1,903 3,601 6,795 40TLRG PVT(Top rank Med co 100+ee) SEMI PVT (Spvr) 1,573 4,403 8,335 15,726 80T 676 1,892 3,581 6,756 30T 1,683 4,711 8,918 16,826 100T 742 2,076 3,930 7,416 40T 1,844 5,164 9,775 18,444 120T 812 2,274 4,305 8,122 50T120T JR SUITE(Top rank Large co 500+ee) 879 2,460 4,657 8,787 40T SML PVT (Mgr) 951 2,664 5,042 9,513 50T 1,032 2,890 5,471 10,323 60T 1,199 3,356 6,352 11,985 60T REG PVT(Top rank Small co 10+ee) 545 1,525 2,886 5,445 20T WARD (R+F) MO QTR SEMI ANN MBL R&B MO QTR SEMI ANN MBL R&B 15. 14 Purple Cow2011 CostsNON-VIRGIN RATES JR SUITE(Top rank Large co 200+ee) SML PVT (Mgr) 3,662 10,253 19,408 36,618 200T 1,140 3,191 6,039 11,395 60T Cost Summary (APE & Reimb. Plan extra) 3,423 9,583 18,139 34,225 3,005 8,415 15,928 30,052 160T 120T 1,449 4,056 7,678 14,487 70T 677 1,896 3,588 6,770 30T 1,492 4,179 7,910 14,924 80T 743 2,079 3,936 7,426 40T LRG PVT(Top rank Med co 100+ee) SEMI PVT (Spvr) 1,754 4,911 9,296 17,540 80T 744 2,084 3,945 7,444 30T 1,869 5,233 9,906 18,691 100T 815 2,281 4,317 8,146 40T 2,044 5,724 10,835 20,444 120T 890 2,493 4,719 8,903 50T 974 2,727 5,161 9,738 40T 1,052 2,945 5,575 10,518 50T 1,332 3,731 7,062 13,324 60T REG PVT(Top rank Small co 10+ee) 599 1,677 3,175 5,990 20T WARD (R+F) MO QTR SEMI ANN MBL R&B MO QTR SEMI ANN MBL R&B 16.

  • Whats in it for the CEO ?

15 Purple Cow2011 Summary very pogi CEO! CEOBenefits Happier Finance Happier HR Happier Employees CEOFeatures 17.

    • 5% of salary(max!):
      • thats all you need forPurple Cow.

The cost ofPurple Cow: 16 Why payMOREif you can payLESS ? Purple Cow2011 Conclusions 18. 1 Large Size Fits All SME : If you are an SME, with 10+ employees, you can join Purple Cow, be part of a bigger group, and be treated like a large company.(Unlike most HMO plans) You can enjoy the same toys as the Big Boys 17 #1: Purple Cow2011 Why Purple Cow? 19. #19: The Price is Right : Purple Cow rates are lowest where they matter the most: in the 2 lowest categories, where you enroll up to 99% of your staff.(Unlike most HMO plans)You get the greater good for the greater number 18 Purple Cow2011 Why Purple Cow? 20. #20: The Design is Right : Purple Cow provides medical necessity,not luxury. Savings from excess R&B/MBL are reallocated to benefits of greater use. (Unlike most HMO plans) R&B/MBL combinations are good up to 99% of the time 19 Purple Cow2011 Why Purple Cow? 21. #29: 20 Purple Cow2011 Why Purple Cow?Non-Employees can Win, too : you can even cover agents, associations, and multi-purpose cooperatives, as long as certain selection & payment criteria are met.(Unlike most HMO plans) You can get Employee Benefits for Non-Employees 22. #30: Virgins can Win Even More : you get a 1 styearVirgin promo rate if your company has never hadgroup insurance or HMO before. (Unlike all HMO plans) You can renew at the prevailing Non-Virgin rates in 2012 21 Purple Cow2011 Why Purple Cow? 23. #31: Large Companies can do a TPA : if you become a Large Company, you can self-insure as a stand-alone account, using the same Purple Cow schedule of benefits.(Unlike all TPA plans) You can switch from insured to self-insured plans easily 22 Purple Cow2011 Why Purple Cow? 24. For more information, please visitwww.purplecow.ph , or contact Tom Gotuaco via email or mobile phone. 25. Renowned author Seth Godin approved my use of the termPURPLE COW(2/4/09): Its fine with me, just please make it clear that I havent endorsed your service . Disclaimer