Employers expect the cost of covering a worker to rise 8.2% in 2027, the largest jump since 2003 (Mercer).
Two-thirds of large employers will shift more of it to workers. The blog runs the math on a third option.
Authored by @realPriyangShah Link below π
A $340 medical bill doesn't look like a healthcare strategy.
But for a family, it can mean putting a bill on a credit card or getting reimbursed through a Total Care Option.
We followed two families through a year to show what that difference actually looks like.
link below π
HR can explain a health plan. It can't run the math on what it costs your household.
Dual-income families can have 30-40 valid ways to split coverage. We calculate all of them.
Authored by @braunsthesequel
How it works π
When it comes to benefits, no news is good news. Our spousal HRA claims process is built so employees rarely need to escalate anything to HR. Two-day review SLA, funds land in 2-4 business days. Link in thread
Mickey and Minnie. Carl and Ellie. WALL-E and EVE. Disney's told us for decades these couples belong together.
Starting in 2027, they're carving Minnie out of the plan.
Why more employers will follow, and how to cut cost without cutting the benefit:
https://t.co/ePfhRNiOTF
Spousal HRA questions we hear all the time:
"Okay, but what's the catch?"
"Can I still have an HSA?"
"Which plan is actually better for my family?"
"How do I submit this claim?"
We've heard them all.
Here's what employees actually want to know about spousal HRAs (link below)
A broker told us about a group that just went live on a spousal HRA.
14 enrollees in year one. $2.5M in claims the year before.
Those families found a better coverage option, and their employer still came out ahead.
Here's why the math works (link below)
Fund a spousal HRA at $8,000: 7.4% of eligible employees enroll.
Fund it to the 2026 ACA out-of-pocket max: 17.1% enroll.
The difference costs the employer about $166 per household a year.
What moves spousal HRA enrollment β
Opening that renewal hoping the number's a typo? 30% of employees with working spouses drive 40% of costs.
Spousal HRAs can change that.
Compare approaches β https://t.co/nuuHPoiX2D
Thank you to Carrie Ghose and @columbusbiz1st for covering our raise.
We're building healthcare that's simple, puts you in control, and makes economic sense right here in Columbus.
This Columbus AI startup helps dual-income households make sense of health benefits and possibly get out-of-pocket costs 100% covered. https://t.co/qPUAtqEDyT
Spouses make up 30% of the average company's health plan. They drive almost 40% of the spend.
We broke down why family health coverage gets this expensive, and what we built to fix it.
View the carousel to learn more.
We raised $18M, including a $14M Series A led by 111Β° West Capital, with @ycombinator, @firstround, @pioneer_fund, @GoAheadVC & @NCV_CLE.
3M+ households have two employer health plans and get overcharged for it. We built the fix.
We are hiring in Columbus (link in reply)