Explaining MASA to Your Employees
Explaining MASA to Your Employees
Most people assume that their company’s health insurance will cover them for ambulance rides and emergency transportation. Unfortunately, this is not true. During the last 10 years, huge gaps have opened up in modern health insurance, leaving your employees exposed to out-of-pocket expenses. As an employer ourselves, MASA constantly works to stay in tune with common concerns of the modern employee.
METLIFE 17TH ANNUAL STUDY OF EMPLOYEE BENEFITS TRENDS
97% of employees are worried about having enough money to cover out-of-pocket medical expenses. This is a continued trend of the last 7 years, signaling a consistent top worry for many Americans.
Metlife’s 18th Annual Study of Employee Benefits Trends
More than half (52 percent) of U.S. employees are most concerned with their financial health in the wake of the novel coronavirus (COVID-19) pandemic
4 Ways People Get Stuck With
Emergency Transportation Bills
There are over 20,000 ambulance companies operating in the United States and your health insurance will 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, A recent research article from healthaffairs.org reported that 71% of all ambulance rides involved potential out-of-network bills.
MASA memberships cover all emergency transportation providers in the United States and Canada, so you never need to worry about which ambulance company picks you up.
Health insurance will 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 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 will 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 outstanding charges and leave you with complete peace of mind.
Even if your bills fall within the Usual, Customary and Reasonable Rate, most insurance plans 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 all 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 save you tens of thousands of dollars in the event of an accident or emergency.
A recent study from Bankrate (personal finance website) found that only 40% of Americans have enough savings to cover a $1,000 emergency expense. The average charge for a ground ambulance is well over $1,200. Emergency air flights can cost up to $50,000 or more.
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 emergency transport fees.
It would 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 are still 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 catastrophes caused by unexpected medical transportation bills.
Modern Health Insurance Does Not Offer Complete Protection
Most plans have insufficient coverage when it comes to emergency transportation. Even the best insurance companies will 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 fills the gaps left by monthly health insurance, providing full financial protection in the event you or a family member needs emergency transportation.