Save On Health Insurance Guaranteed
To save on health insurance for your business (no matter how big or small), self-insure! If you work with the Houston Healthcare Initiative, we will guarantee that healthcare costs will not increase. How?
First eliminate managed care and pay cash for routine healthcare. This will dramatically lower administrative costs.
Second, utilize the recommended health maintenance tools described below to decrease the need for and improve access to healthcare. The advantage is a less expensive program and healthier people at work. If healthcare costs exceed the previous yearsyear’s costs, your company we will be reimbursed you. by the Houston Healthcare Initiative.
What Are The Health Maintenance Tools to Save On Healthcare Insurance Guaranteed?
Not just ‘sick care’, the Houston Healthcare Initiative program is an entire, comprehensive package. It includes:
- Free Annual Physical exam including physical and mental fitness,
- Free telemedicine service,
- Free Blood pressure cuff and thermometer,
- Free medical care for uncomplicated hypertension and diabetes,
- Free second opinions,
- Health Savings Account,
- Financial and other incentives to lead a healthy lifestyle and comply with medical treatment,
- Educate employees on how to shop for medical care and ask questions in the doctor’s office,
- Educate employees on the advantages of the Health Savings Account or (HSA).
- Share the healthcare savings with employees so that employees are incentivized not to over test or over treat.
The Houston Healthcare Initiative does not just pay for sickness, it helps make your employees healthier. The likely benefit to employers is fewer lost workdays, lower insurance costs, and employees who feel their employer cares for them.
Save On Health Insurance Guaranteed Small Business & Health Insurance
Businesses with under 50 employees are not required to provide health insurance to employees. But there are good reasons to consider insuring a small workforce.
For one, health insurance is a critical factor for small businesses to retain and recruit the best employees, sustain productivity and workplace satisfaction. Health insurance benefits are a big deal to employees. The Houston Healthcare Initiative Co-op makes coverage possible.
Health Insurance Is Not Required But Is It Needed?
The answer is yes. A 2020 survey of 2,000 people found that 84% surveyed put health insurance at the top of their most desired benefit list. The Society of Human Resource Management reported that 92% of employees say benefits are important to their overall job satisfaction.
For start-up companies that want to hire and keep the most talented people, health coverage is a must. There are other paybacks from this investment in a healthier workforce. Healthy employees, who believe the company cares about them, are more devoted, industrious, and approving of businesses of any size. The outcome of benefits like these are a challenge to measure, but they are consequentialconsequential, nonetheless.
Competitive Advantage For Whom, Save On Health Insurance Guaranteed?
Health protection for workers is a competitive advantage. For you and your employees if you offer it but for your competition if not. Health insurance is less of a cost and more an investment in the future and stability of your company.
How can companies with less than 50 employees self insure and provide an HSA? Health Savings Accounts
Join with other small businesses to share the risk. Join the Houston Healthcare Initiative co-op.
Offer your employees a $5000 deductible plan with an HSA. Your company self insuresself-insures and takes for example the risk for the next $5000 of claims. The not for profitnot-for-profit cCo-op takes the risk from $10,000 on up. This risk is shared by all the co-op members. Members pay their share to the co-op monthly.
How can companies with more than 50 employee’s self insure and provide an HSA?
These companies can use the same program as the smaller ones companies or they can assume a risk of $50,000 to $100,000 and purchase reinsurance from a reinsurance company separate from the co-op. Either way, by engaging the Houston Healthcare Initiative, the guarantee of no cost increase from last year will apply.
How does the Houston Healthcare Initiative benefit ( or Wwhat’s the Ccatch)?
WhenIf companies adopt this program, the we can Houston Healthcare Initiative guarantees that your company’s healthcare costs will not exceed the previous year’s expense. In return, we ask for 15% of the first years’ savings.
- 1.Who pays the cost for the healthcare tools?
The company. It is our contention that these additional costs will be more than offset by the
savings from decreased utilization of the hospital and ERs.
- Not all employees will “buy in” to a healthy lifestyle and are more likely to get sick. Won’t this increase the cost of healthcare?
Certainly. However, these patients will be paying more for their healthcare to cover the
additional costs. In most cases, it would not increase the amount the employee currently
pays. They would not get the reduction that other employees would receive.
3.What about pre-existing conditions?
Most insurance plans exclude pre-existing conditions. This only arises when one switchinges from one insurance plan to another. We would recommend language in the insurance contract to
avoid fraud. e.g. Like joining the company for a few months getting an expensive elective procedure done and then quitting. the company. In general, we recommend covering pre-existing conditions.
However, as the company iswith self insurself-insuranceing, it can decide for itself what is best. for the company.
4. Some employees will not want the HSA’s. How is this handled?
If the company has less than 50 employees, they do not have to offer insurance.need to be accommodated. If it the company has more than 50 employees, it can offer to subsidize an individual policy and pay the same amount it contributes for each employee in the self insuredself-insured plan.
What Are The Next Steps to Save On Health Insurance Guaranteed?
For additional information send email to email@example.com.
Save On Health Insurance Guaranteed! Listen Here
Listen to Dr. Goldstein describe several ways to save on healthcare: Healthcare Payment Reform is Critical to Improving Primary Care.