Earn a Residual Income referring companies to CHAMP Plan

Introduction:

The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee retention and satisfaction rates.

The employers who have employees enrolled in the CHAMP Plan™ will have a dashboard view of their company’s overall health profile. This will give the employer a visual of the health condition of its employees based on their average Life Score and will empower employers to have better group discussions about the health of their employees. Individual employee data will not be exposed to the employer for privacy concerns. However, the average life score of the company’s human capital will be visible to the employer, and they will be able to improve it. They can also know when their employees have an optimum average life score and are ready for a new challenge.

Through all those functionalities, the application helps employers keep track of their employees’ current and projected healthcare concerns and improve their situations to create a healthier and happier team.

The Offer

The CHAMP Plan™ is a self-funded overlay program that supplements existing traditional medical insurance plans.

Employees who voluntarily enroll in The CHAMP Plan™ can continue to use the same providers and receive the same medical care they’re already receiving through their traditional medical insurance. The CHAMP Plan™ can provide additional options for better quality care and cost savings as identified by the physician of record, but employees are not required to take those options.

Each pay period, a pre-tax deduction comes out of each employee’s paycheck to help fund the employer-sponsored CHAMP Plan™. The typical taxes are then taken from the now reduced pre-tax pay, and employees receive a post-tax benefit after participating in a monthly healthcare activity that triggers a CPT code and explanation of benefits. (Triggers are as simple as watching a video or reading an article).

In short, a lower adjusted gross income results in lower taxes, which raises an employee’s take-home pay after The CHAMP Plan™ post-tax benefit is added to their paycheck!

Health Insurance Customer Lifetime Value

The lifetime value of a customer in health insurance, referred to as Customer Lifetime Value (CLV), represents the total revenue a health insurance carrier can expect from a customer over the course of their relationship. This metric is crucial for insurers, especially in sectors like health, life, and Medicare, where customer retention and profitability are closely linked, and optimizing for CLV is key due to rising churn rates [4].

Comparing CLV in health insurance to other industries involves understanding that CLV varies widely across sectors based on customer behavior, product types, and industry-specific factors. Generally, industries with higher customer retention rates, substantial initial purchase values, or frequent repeat purchases tend to have higher CLVs. For example, industries like e-commerce or subscription-based services might exhibit different CLV characteristics due to differences in customer engagement, pricing models, and service delivery [1], [2], [3].

While specific comparative figures are not provided, it's implied that industries with long-term customer relationships and high-value services—like health insurance—potentially enjoy higher CLVs. The focus on CLV in health insurance highlights the industry's emphasis on long-term profitability and customer retention as key performance indicators.

Commissioning

Earn a monthly residual income based on the number of employees referred. This commission can increase if you become a licensed healthcare provider.

Onboarding Steps

If you haven't already signed up as a CHAMP Plan™ Affiliate, you can create an Affiliate account here.

https://partners.vlabs.agency/

Once you sign up, you'll have one link for referring customers and one link for referring affiliates.

Send your referral link to business owners with W2 Employees.

And send your sub-affiliate link to other people interested in joining our affiliate program so you can build out your affiliate network and earn a override from anything they refer!

Detailed Overview

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🌐 Sources

• forbes.com - How To Increase Your Customer/Patient Lifetime Value

• customergauge.com - Average Customer Lifetime Value by Industry

• netsuite.com - What Customer Lifetime Value (CLV) Is & How to Calculate It

• hockeystack.com - Average Customer Lifetime Value by Industry (ACLV)

• mediaalpha.com - Why Health, Life, and Medicare Carriers Should Optimize...