Boston, MA, October 23, 2012 --(PR.com
)-- Jill’s List, an online marketplace for complementary, alternative and integrative medicine, creates a new wellness solution for companies. A premium membership of Jill’s List, created for employers, helps both the employer and the employee leverage government sponsored tax benefits while also targeting a reduction in claims costs. The premium membership helps employees find holistic health professionals whose services can be paid for with Flex-spending Accounts (FSA) and Health Savings Accounts (HSA) and includes training modules which help employees determine if an expense is qualified for reimbursement. Additionally, with a Jill’s List premium account, employees can electronically request and receive a Letter of Medical Necessity, save receipts and auto-process FSA and HSA claims. This fall, through pilot partnerships with companies in the Boston-metro area, over 20,000 employees will have access to this premium version of Jill’s List.
Jill’s List is a directory of credentialed complementary, alternative and integrative practitioners. The inspiration for a premium membership for employees came when founder, Jill Shah, learned that the treatments offered by the practitioners on Jill’s List could be paid for with an employee’s FSA or HSA but very few employees knew about this. “More than 85% of companies in the US offer FSAs and 70% of large companies surveyed recently said that they will move to high deductible health plans coupled with HSAs by 2013,” says Shah. “The adoption of consumer-driven healthcare plans could significantly impact a turn-around in healthcare spending if we help employees understand how to utilize low-cost, less invasive mechanisms for treating prevention and treatment of chronic illnesses. Jill’s List helps employees find great resources, and its platform helps companies deliver wellness and reduce claims costs.”
The complexity of understanding eligible expenses and the cumbersome reimbursement paperwork sometimes deter employees from enrolling in an FSA or HSA plan. Jill’s List does the legwork for employees and provides an easy reference guide of treatments eligible for FSA and HSA reimbursement. Jill’s List also automates the process of procuring a doctor’s Letter of Medical Necessity, which is a requirement for reimbursement of most complementary and alternative treatments. Additionally, the Jill’s List Receipt Keeper makes it easy for employees to electronically store their receipts in one location and track spending as well as tax savings, and, with the press of a button, Jill’s List generates a monthly or annual summary of expenses to make submission of expenses faster and easier.
David Cowles, co-founder of Benemax, Inc., a benefit management company located in Medfield, MA says, “Jill’s List is an important part of our benefits platform of the future. Our customized benefit solutions are designed to optimize member health and reduce the cost of healthcare claims. Access to Jill’s List helps members get healthy and helps employers manage their risk pools. Plus, Jill’s List includes tools that help employees pay for alternative therapies with pre-tax dollars. It’s a huge win for employees and employers alike.”
In the short term, companies who use Jill’s List benefit from increased tax savings as more employees contribute to their FSAs and in greater amounts. A longer term benefit for companies is potentially decreasing claims costs as employees utilize holistic health treatments to treat and resolve chronic health claims. “Chronic health claims account for 70% of claims today. The good news is that chronic diseases can often be treated and cured by the individual if they have the tools and the support they need. Jill’s List helps employees find the right practitioner or program and shows them how to pay for it most cost-effectively. When employees are healthier, everyone wins,” says Jill Shah.
About Jill's List
Jill's List (www.jillslist.com) manages a network of patients, practitioners and corporate clients focused on health and wellness. Its directory enables patients to find, contact and review credentialed complementary, alternative and integrative healthcare practitioners. Jill’s List also offers two premium products – a Referral Tool for health professionals and premium membership for companies. Health professionals market their practices with free profiles and use the Jill’s List Referral Tool to send and receive referrals from other practitioners, doctors and patients. Employees with access to a premium membership on Jill’s List use the resource to learn about eligible Flex-spending expenses, facilitate retrieval for Letters of Medical Necessity, and streamline FSA reimbursement which all help to drive employee utilization of Flex-spending Accounts.
To learn more about Jill’s List Corporate, view this video https://vimeo.com/51528872.