Self-assurance NOT Insurance Renco Direct Health Care is:
Rising Insurance Costs!
Insurance Premiums have more than doubled in the last 10 years
The National Average is $750 per month and rising
With higher premiums and less benefits, doesn’t it just make sense to have less restrictions while lowering your costs
Insurance adds more and more claim denials and limitations
Renco Puts the Missing Pieces in your Healthcare Puzzle! We’ll spend the next few minutes filling in each of the pieces and show you how you can save $ while improving your family’s healthcare.
What is Renco Direct Healthcare? A Nationwide Company Located In Oklahoma City, OK Over 10 years old Believes the healthcare and insurance industries are in dire need of reform On the cutting edge of healthcare reform
Offers a non-insurance alternative for families to save on costs associated with healthcare
PHCS Galaxy Health Network Insurance Companies Unions Small Businesses Renco Direct Healthcare Doctors Hospitals Prescription Drug Plan Specialists Emergency Care Other Practitioners and Services
Over 700,000 medical Providers
No third party middleman (The Insurance Companies)
All pre-existing conditions allowed
No annual or lifetime maximums
No claim forms
Based on CPT4 codes
Regulated by the Federal Government
Standardization of Services
Health Savings Cards
Primarily were used for dental and vision care needs
Renco Revolutionize them by Expanding to allow
Doctors and Specialists
Hospitals and Emergency care
Prescription drug plan
Numerous other practitioners and services
Patient pays PPO rate Co-pay PPO rate – co-pay Difference of $568.05 Example ER Visit $256.95 $825.00 $844.75 Total Out of Pocket $88.00 $750.00 $0.00 Monthly Payment $168.95 $75.00 $844.75 Subtotal $0.00 $93.95 $0.00 3rd Party Billing $168.95 $75.00 $844.75 Cash $844.75 $844.75 $844.75 ER Visit Renco Direct Program Typical Insurance No Coverage
How much can you Save? Office Visits: 10 – 50% Ancillary (X-rays, labs, etc.): Up to 80% Hospitalization: Highest % Savings up to 89% No Co-Pays No Deductibles
Save on Chiropractor, Alternative Medicine, and more.
Example of Standard Office Visit
Average office visit w/o insurance: $100
Average PPO allowable: $50
Average insurance co-pay: $25
With Renco you are paying slightly more for the office visit, but your monthly savings is substantial. For instance, lets take an insurance payment for a family of four ranging between $500-$900 . Renco is $88 . In the case above, this would mean insurance would cost you $525-$925 that month, whereas with Renco you are only spending $138 .
Tints, scratch resistant coatings and ultraviolet protection
Savings of up to 60%
Up to 15% on RK and Lasik surgery
The Old Way The Insurance Companies PPO (PREFERRED PROVIDER ORGANIZATION) HOSPITAL, DOCTOR, ETC. YOU
The Renco Way YOU
AND…YOU CAN TAKE THAT POSITION FOR ONLY $88.00 A MONTH PER FAMILY!!!
The Insurance Companies HOSPITAL, DOCTOR, ETC. PPO (PREFERRED PROVIDER ORGANIZATION)
Using Renco With Insurance
By increasing your deductible on your current insurance plan, you would decrease your premium, be able to include Renco and still save considerable money every month.
You could also use Renco to reduce services not covered by your insurance policy and still have a safety net for emergencies.
You could also find an Indemnity plan which would cover you during a catastrophic event.
We can reduce your left over portion of co-pays. We can save you on anything your insurance doesn’t pay over $100
Example of Renco Combined with Insurance
A typical hospital stay is around $3,600/day. Let’s say an indemnity plan would cover $500/day. The patient is then responsible for $3,100/day.
Using your Galaxy PPO through Renco, at a per-diem hospital, could get costs lowered to around $1000. Combining Renco and an indemnity plan would bring the patient’s costs from $3,600/day to just $500/day.
A typical, relatively healthy family of four on an 80/20 insurance plan with a $1000 deductible costs around $750/month .
Let’s say the family has the average number (6) office visits for the year, with a $25 co-pay for each visit. The yearly total would be $9,150 ($750x12+$150 visits total).
If this same family increased their deductible, they could lower their insurance payments to about $400/month , and add Renco for $88/month .
With Renco they would receive a PPO allowable rate of $50 for this example. Yearly total would then be around $6,156 ( $400x12+$88x12+$50x6).
You have then saved about $2,994 for the year. *monthly fees and savings may vary depending on your plan and the deductible amount chosen.
Who is Eligible You and your Spouse or Significant Other
Unmarried children under age 25
Includes step children and foster children
Parents/Grandparents over age 60
Reside with member
Guardian is the member
Related children (nieces and nephews)
IRS dependents of member
Handicapped children over age 25
Must qualify as IRS dependents
What’s the Cost?
$88 per month
$30 One time enrollment fee
No fee increases
Bank Draft Monthly
Credit Card Monthly
Debit Card Monthly
Savings Account Draft
Supplemental Option $25/MO Supplemental Family Plan If you already have Health Insurance... ...You may want to consider Renco's Supplemental Package Includes Dental, Vision, Prescription, Chiropractic, Air Ambulance, 24 Hour Nurse and more!
Customer Convenience Visit our State of the Art Website to search for providers near you! Call our customer service to confirm your provider and our team will go to work for you, we’ll even set your doctor appointment for you.
How to Get Started
You will be activated on the first day of the month (unless other arrangements are made, you will receive a member packet and I.D. cards at that time or within a few days.
Read through the packet thoroughly and follow the instructions on making appointments.
Call the appropriate customer service number to confirm your doctor and make sure you have your I.D. card on your first visit.
Be prepared to pay at the time of service.
Renco’s strong points are the numerous programs offered at a low monthly fee, while at the same time, providing an avenue to receive greatly reduced fees for ancillary services and hospitalization.
Renco is strongly committed to customer satisfaction and retention.
Those with pre-existing conditions, large families, self-employed, and anyone seeking a better alternative to meet their health care needs now have somewhere to turn.
What other program can offer so much and require so little in return?