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Universal Health Care, LLC Opening a New Path in Healthcare
UVVUniversal (UVV) GlobeNewswire News Room·2024-10-18 13:35

Core Viewpoint - Universal Care Groups LLC (UCG) has launched a unique platinum Section 125 Cafeteria plan and a Minimum Essential Coverage (MEC) plan aimed at benefiting qualifying employers and employees, enhancing employee health benefits while reducing health costs for employers [1][2]. Group 1: Section 125 Cafeteria Plan - UCG's Section 125 plan targets businesses with 50 or more employees, providing a comprehensive benefits package that includes primary care, urgent care, dental, vision, and fitness services [2]. - The plan is funded by existing FICA deductions, leading to potential tax savings for both employers and employees, with employers possibly saving 600600-750 annually per employee [1][2]. - Qualified employees may experience an average increase of up to 4% in take-home pay after engaging in health management activities [1]. Group 2: Minimum Essential Coverage (MEC) Plan - UCG's MEC plans are designed to comply with the Affordable Care Act (ACA), covering essential health needs at minimal costs and helping employers avoid penalties of 2,970perfulltimeemployeeannually[2].TheMECplansensurecoverageofkeybenefitssuchaspreventivecare,mentalhealthservices,andprescriptions,providingpeaceofmindforemployers[2][3].ManyMECplansarepricedatlessthan2,970 per full-time employee annually [2]. - The MEC plans ensure coverage of key benefits such as preventive care, mental health services, and prescriptions, providing peace of mind for employers [2][3]. - Many MEC plans are priced at less than 100 per month, offering 24/7 access to telehealth services and tailored benefits for today's workforce [3]. Group 3: Company Background and Community Engagement - UCG, headquartered in Dallas, Texas, aims to enhance the physical and financial well-being of clients through its products and services, focusing on health and social issues [4]. - The company collaborates with organizations like The Remnant Ministry to positively impact community health and wellness, particularly concerning children's safety and well-being [4].