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For employers looking to get a handle on their company’s health insurance costs, that uncertainty could spell trouble further down the road as insurance companies look to balance losses with premium increases across the board.
“Premium rates for 2019 will raise the cost of insurance for the tens of millions of people who purchase insurance from the individual markets,” notes Itkowitz. Those rising costs could translate into tough decisions for your organization when the only alternative is a high deductible plan or reduced benefits. Unless you do something totally different.
With Vera, employers have the opportunity to get into the healthcare business and end uncertainty with their own benefits. Vera offers employers the chance to provide care directly to their employees at an on- or near-site clinic. Employees get all their preventive care for free or minimal costs without having to worry about rising premiums. For employers, higher engagement at an accessible clinic with dedicated care teams translates into healthier employees and reduced claims costs.
Ready to find out how Vera can solve the uncertainty in your benefits strategy? Check out our white paper: Benefit Strategy Design: Solving An Impossible Task.