As the health insurance industry continues to change and cost of employee coverage increases, many businesses are finding it harder than ever to cover employees without taking a serious hit to their finances. Traditional health insurance for employees can be one of the largest costs incurred throughout the fiscal year.
By limiting insurance coverage to catastrophic coverage and coupling it with medical memberships, companies can see immediate savings of up to 3% by removing state taxes associated with more traditional plans. This on top of avoiding both risk charges and carrier profit margins can add up to 25% in overall yearly savings.
Visit our Employer page for additional benefits of medical memberships.