FAQ Medical
EMPLOYERS
Here’s how it works:
- SLICE works with associations to build a plan that allows their member employers to offer medical and other insurance coverages through a technology platform.
- Employers set their contribution amount, establish employee eligibility requirements, set up banking, and decide which coverages to offer besides medical.
- Employees shop for and purchase their own health insurance plan through the SLICE marketplace. SLICE offers a variety of plan options from different carriers, so employees can choose the plan that best meets their needs and budget.
- SLICE reimburses employees for the cost of their health insurance plan, up to the amount that the employer has contributed.
- If the cost of the plan is more than the employer has contributed, employees pay the difference through payroll deduction.
- Employers pay a monthly consolidated bill to SLICE. This bill includes the cost of all of their employees’ health insurance plans, minus the amount that the employer has contributed.
- SLICE distributes the payments to the various carriers.
Open enrollment is a two-week period, from the 1st to the 15th of the month, when employees can choose or change their health insurance plan.
Your SLICE plan renews on January 1st each year.
Yes, SLICE allows new hires to enroll in health insurance during onboarding.
- You can manage eligibility for your SLICE plan by:
- Using the SLICE online portal
- Contacting your SLICE account manager
- Your SLICE account manager can help you change an employee’s eligibility status or answer any other questions you have about eligibility.
During open enrollment, employees can log onto the SLICE online portal to shop and compare benefits on the SLICE marketplace, choosing the ones that best meet their needs and budget.
When an employee leaves your company, they will no longer be eligible to participate in your SLICE plan. However, they will still be entitled to any reimbursements that they are owed. SLICE contributions are not portable, but coverage is. This means that employees cannot keep their contributions if they leave your company, but they can still elect to continue their coverage.
SLICE can also be used to offer your employees dental and vision insurance, as well as life and disability, accident, critical illness, and retirement savings plans.
SLICE recommends a $300 monthly contribution for single coverage. There is a $150 minimum contribution requirement.
Yes, SLICE offers a retirement program that allows employers to offer retirement investment options and contribute to their employees’ retirement savings accounts.
Employees pay for their coverage as they would for a group health insurance plan. Their contribution is deducted from their paycheck.
Employers pay the set contribution, and then send the employees’ payments via payroll deduction to SLICE in a consolidated monthly bill.
To choose the right health insurance plan for you and your family, consider your circumstances, such as the doctors and hospitals you use, your location, upcoming procedures, and prescriptions. You can search for plans in the marketplace or talk to a SLICE Enrollment Specialist to discuss your individual needs and make sure you select the best plan for you.
EMPLOYEES
To choose the right health insurance plan for you and your family, consider your circumstances, such as the doctors and hospitals you use, your location, upcoming procedures, and prescriptions. You can search for plans in the marketplace or talk to a SLICE Enrollment Specialist to discuss your individual needs and make sure you select the best plan for you.
SLICE’s Enrollment Specialists are here to help employees choose the right plan for them and their families.
Employees can purchase dental, vision, and basic life plans through the SLICE Marketplace. Retirement plans are available if offered by your employer.
If your healthcare expenses exceed your employer’s contribution, the remaining balance will be deducted from your paycheck.
To see if your doctor is in your network, you can use SLICE’s doctor look-up tool or talk to a SLICE Enrollment Specialist.
Covered prescriptions vary depending on your health plan and pharmacy. Each plan has its own list of approved medications.
Your coverage through the SLICE Marketplace is portable, so you can keep it even if you leave your employer. Any unused employer contributions will be returned to your employer.
