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Employers Save Over 50% on Average By Switching to Individual Health Plans, Cites New Remodel Health AnalysisINDIANAPOLIS, Aug. 5, 2021 /PRNewswire/ -- Remodel Health, a leading health benefits software, today announced new research revealing changing trends in employer-sponsored health coverage. The full report, "National Health Benefits Analysis," provides insights into the benefits of transitioning to managed individual health plans for employers and employees. "The reality is small businesses save more than 50% simply by switching to managed individual health benefits," said John Staub, brand development manager at Remodel Health. "Every day employers stick with their antiquated group health plans, they are losing out on lower premiums, higher profit margins and better benefits for their employees. Now is the time to reconsider your health benefits strategy and start investing those costs back into your business."
Key insights from the report include: Monthly employer premiums are lower for managed individual plans
Traditional group plans are twice as expensive for employees
Employers reap significant savings by leveraging individual tax credits
The health benefits employers choose do not reflect their employees' preferences
The right ancillary benefits create more competitive packages
"We saw the costs of our group plan continue to climb for years and finally realized we had to do something different to see different results," said Frank Beaman, CEO of Texas-based Faith Community Health System. "We left our old group plan three years ago for managed individual. The coverage and cost savings well exceeded our expectations and we've never looked back. My encouragement to employers is to get out of the box, think differently, and give an honest evaluation of this new way to provide health benefits to employees." To view the National Health Benefits Analysis or to learn how to spend smarter on health benefits, visit RemodelHealth.com/NHBA. About Remodel Health Media Contacts View original content to download multimedia:https://www.prnewswire.com/news-releases/employers-save-over-50-on-average-by-switching-to-individual-health-plans-cites-new-remodel-health-analysis-301349286.html SOURCE Remodel Health |