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Healthcare Disruption

If you’re struggling to offer robust health plans to your workers, Catapult can help.

Catapult disrupts healthcare in North Carolina. And that’s good for your business.

Traditional health plan options are failing North Carolina employers and employees. Costs are high, service is so-so, and the red tape is sticky. Your business—and your people—deserve better.

If you’re struggling to offer robust health plans to your workers, Catapult can help. We’ve partnered with organizations that are upending healthcare benefits as we know them, and patients and their employers are feeling just fine about it.

If your health benefits need a vitamin, our solutions keep your employees well and your bottom line healthy:

Financing with Captives

Catapult offers two captive financing options to allow small to mid-sized companies to self-fund their employee health insurance.  Self-funding with a captive provides access to local healthcare innovations while reducing the typical risk associated with self-funding.

The NC Group Health Captive permits North Carolina employers of 50 to 700 employees to reconsider captives as a viable option. Underwritten by WR Berkley, a global Fortune 500 company whose insurance company subsidiaries are rated A+ by AM Best, the North Carolina Group Health Captive plan provides a vehicle for employers to harness the power of self-funding with less risk.

Companies in the captive plan access the same local providers as well as the world’s top specialty doctors, chronic care specialists, and surgeons, but save 10 to 30% by removing the bloated profits of carriers, reducing hospital utilization, and lowering costs for care. The employer can make decisions on design, benefit offerings, and proactive programs based on extensive data, and the plans increase options for employees such as $0 deductibles and copays.

HERO Health Plans

Catapult is proud to offer the HERO Health Plan as an exciting alternative to status quo carrier plans. Created by a North Carolinian, HERO has partnered with leading primary care practices, surgical centers of excellence, specialty clinics, pharmacies, and digital health providers across the state to offer world-class healthcare at affordable costs to both employers and employees.

HERO also focuses on providing health education, information, motivation and navigation to your employees, helping them adopt healthy habits that serve them well in the long term.

What makes HERO different:

  • You can keep your plan, but make improvements, too.
  • The plan gets all rebates back and pays lower prices for prescription drugs.
  • Compared to status quo PPO plans, members spend 10 to 30% less.
  • Members access a health education app and Pharma Med-U-Cation.
  • Members can receive personalized exercise and nutrition plans.
  • FitBit integration and medication apps are available.
  • Customized rewards motivate members to make good decisions.
  • Tap-to-Talk with Primary Care or a Care Navigator when you need assistance.

Download the C-Suite guide from Hero Health to learn more about the five steps to improve health outcomes and save costs.

Education

In our drive to improve healthcare benefits and outcomes, Catapult Benefits Solutions’ team is committed to educating employers and workers on healthcare and benefit options. Check our website regularly for articles and blog posts by innovative healthcare experts including HUB International, Lumina Benefits, Health Rosetta, the Validation Institute and others. Additionally, keep an eye out for informative healthcare webinars hosted by Catapult and HUB International.

And you don’t have to wait to hear from us…If you have a question about your health plan, designing health benefits packages for your employees, benefits administration, or any other benefit solutions questions, reach out to us for answers.

Consulting

Catapult’s benefits experts offer consulting services to help maximize employee benefits initiatives. Trust our experienced team to help educate your employees, advise on the financial viability of plans, and even implement technology to simplify onboarding and yearly plan administration. And if you need help with COBRA, FSAs, health reimbursement accounts and similar benefits, we can work directly with you and your employees.

Catapult’s benefits experts evaluate your available choices, help you weigh the pros and cons, and then assist in choosing the solution that keeps your employees happy and healthy.

We offer several benefits compliance services including 5500 filing, plan documents, wrap documents, and HIPAA training.

The NC Group Health Captive permits North Carolina employers of 50-700 employees to reconsider Captives as a viable option. Employers can reduce costs and improve benefits for employees while returning control to company decision-makers.

COBRA administration can be complex and time-consuming. We offer full-cycle COBRA administration services, with extremely competitive rates, personalized customer service, and complete compliance. Our services include:

  • Start to finish notification services, from initial COBRA rights notification to COBRA information packets
  • Open enrollment packets to participants
  • Communication with participants
  • Premium collection and remittance services, tracking, and reporting
  • Online employer portal
  • Reporting

FSAs enhance your total benefits package while reducing FICA and unemployment taxes. The FSA plan allows participants to pay for eligible healthcare and dependent care expenses on a pre-tax basis. Catapult offers personalized FSA administration as well as robust participant account features. Our services include:

  • Custom enrollment materials (English and Spanish)
  • Educational materials including videos (English and Spanish)
  • On-site employee meetings (English and Spanish)
  • Debit cards and direct deposit
  • Plan document/summary plan description preparation
  • Reporting 

These employer-funded accounts save companies thousands of dollars, while helping employees with out-of-pocket expenses. Catapult helps you choose the type of HRA, the benefit amount, the reimbursement method, the payment type, and choice between carry-over and forfeit. We fully support custom plan design.

This plan option helps employers and employees manage healthcare costs and expenses while saving on taxes. For employers offering a qualified high-deductible health plan, Catapult can help establish a banking relationship with one of our preferred banks. Once the relationship is established, we’ll provide customer service support to participants. As a standalone relationship, you do not have to change banks when you change insurance carriers.

For employers offering high-deductible health plans, Catapult offers limited-purpose FSAs. Unlike the regular flexible spending account, this health savings account can only be used for vision and dental expenses. For this reason, an HSA participant may also enroll in an LPFSA.

A QSEHRA is available to employers who have less than 50 full-time equivalent (FTE) employees and do not offer a group health plan. The QSEHRA can be established to reimburse employees for their individual health insurance premiums and/or eligible unreimbursed medical expenses. Similar to a regular HRA, a QSEHRA is funded 100% by the employer. However, employers are not required to offer COBRA coverage or ERISA.

For employers offering post-retirement benefits, Catapult offers personalized retiree billing administration. Our services include:

  • Personalized customer service
  • Open enrollment packets to retirees
  • Premium collection and tracking
  • Reporting

A transportation spending account allows participating employees to set aside pre-tax funds to pay for qualified work-related transportation expenses. Unlike other tax-favored benefit plans that are structured annually, commuter benefits are exclusive to employees (not dependents) and are structured as a monthly benefit. Catapult service features include debit cards, direct deposit, and reporting.