GlidePath combines the flexibility of a private exchange with the stability of defined-contribution financing. Here’s how it works:
- A GlidePath consultant helps you pick the menu of health plans you'd like to offer. You can choose to select plans from our standard menu of PPO and HMO plans. Each medical plan pairs with a prescription drug plan. You can also offer dental, vision or specialty benefit plans to give your employees a complete benefit package. If you have more than 100 employees, you don't have to pick from our standard menu, and can offer up to five custom medical plans.
- Your consultant helps you decide on a health care budget for the year. Then you set aside pretax money for each employee.
- During open enrollment, your employees use the funds you set aside to shop for their health plans.
- GlidePath advisors and our online decision support tools guide your employees every step of the way, taking the strain off you and your HR department.