Navigating group healthcare options can pose a challenge for small business owners aiming to provide healthcare coverage for their employees. This predicament often falls into two common scenarios:
1. They do not currently extend healthcare benefits to their employees.
2. They are burdened by the high costs of their current healthcare option and are actively exploring more cost-effective alternatives.
In both cases, finding the right solution becomes imperative to ensure employee well-being while maintaining a balanced budget.
When it comes to cutting costs and finding a top-notch healthcare path for employees, medical cost sharing steps in as a game-changer for small business owners and their employees. Ready to explore what a medical cost sharing community could do for your small business? Stick around as we uncover the perks of taking this route. It could be the solution you’ve been searching for. First, let’s focus on the advantages of using a medical cost-sharing approach:
Cost
With the rising cost of many healthcare options, expense is always a factor for employers. Group health options are costly and do not always fit the needs of every employee. With medical cost sharing, memberships are adaptable to meet the needs of each employee and their family. Employees can choose an Initial Unshareable Amount (IUA) that suits their needs. Then, it will be up to the employer to determine how much to contribute towards each employee’s monthly contribution. The employee would then contribute the rest. Employers and employees can save up to 50% in healthcare costs by using an alternative approach.
Flexible Healthcare
Flexibility within a healthcare membership is important. When selecting a group healthcare option for an array of employers, it’s challenging to accommodate everyone’s needs. With a medical cost sharing membership like Knew Health, employees are not restricted to a network of providers or hospitals. Employees will get the freedom to choose their preferred providers, hospitals, and even the type of care that they desire. Our Memberships are far from a one-size-fits-all approach. Instead, employees are given the freedom to choose a conventional approach to their general wellness or a holistic approach if desired. Overall, medical cost sharing opens up a realm of choices for employees that they will value in their healthcare membership.
Knew Health Goes A Step Further
As stated, medical cost sharing memberships are cost-effective and tailored to employee needs. But Knew Health differs from other medical cost sharing memberships because we take it a step further than simply sharing in large medical costs. We also focus on employee wellness and true preventative care. Small businesses need employees who are healthy and happy. With built-in holistic wellness services, true preventive care, and a commitment to a healthy lifestyle, Knew Health goes beyond what can be found in most healthcare options. Employers will undoubtedly see a healthier workforce and fewer daily absences. Some of the ways that Knew Health factors holistic wellness and preventative care into its membership:
- Personalized Health & Life Coaching – Yearly wellness visits with most doctors are often hurried and focused on acute and abnormal issues. Health and life coaching provides Members with hour-long visits to discuss health and wellness goals to achieve optimal daily health.
- Telemedicine – 24/7 access to virtual care for non-emergency needs. Virtual visits can limit employees from having to take a day off for trips to the doctor’s office.
- High-Quality Supplements – 35% savings on 1000s of trusted brands delivered to your door.
- Low-cost Lab Work & Testing Kits – A large variety of discounted laboratory diagnostics and at-home kits are available.
- $200 Wellness Allowance – Use your allowance for supplements, labs, tests, chiropractic care, or any other annual wellness-related expense.
- Holistic Health and Wellness Webinars – Regular access to valuable online info sessions.
- Functional Medicine Consultations – We’ve made it easier to seek alternative approaches to health.
- Wellzyperks Membership – For discounts on organic food, exercise programs, gear, and more.
- And More! – We are always adding new advantages for our members.
Integrate with Direct Primary Care (DPC)
At Knew Health, we can’t think of a better pairing: Our Membership combined with a Direct Primary Care (DPC) Membership. Direct Primary Care practices like this one share our vision of accessible, affordable healthcare on your terms. The two memberships work together to create a comprehensive alternative healthcare solution for employers and employees. Knew Health provides safeguards and peace of mind for large medical needs, holistic wellness, and preventative care. In contrast, DPC provides primary care for smaller medical events and often offers home (or in-office) visits if needed.
Final Thoughts
Embracing medical cost sharing could be the key to transforming how small businesses approach employee healthcare. By tapping into a holistic and community-driven approach, you not only control costs but also foster a sense of unity among your team. It’s an opportunity to provide a comprehensive healthcare solution while sidestepping the financial strain often accompanying many other healthcare options. So, if you’re a small business owner seeking a flexible, budget-friendly, and employee-centric healthcare solution, delving into medical cost sharing might just be the stride toward a healthier, happier workforce and a more prosperous business overall.
To enroll your small business in Knew Health today, call us at 855-542-0050 or schedule an appointment with one of our knowledgeable Care Team Members, who can answer your questions about medical cost sharing for your business.
As a reminder, Knew Health is not insurance. Please visit our website for a description of our services.
