For Employers and Governments: The Smartest and Most Cost-Effective Way to Offer Employee Health Benefits
Partner with us to eliminate health insurance costs and save on healthcare while providing health coverage to employees.
If you’re an employer, offering health benefits is vital to retaining talent, employee satisfaction and attracting new employees. Health insurance is the second highest cost of total employee compensation.
In 2023, the average annual cost of employer-sponsored health insurance premiums per employee was reported as $23,968 for family coverage and $8,435 for single coverage, according to KFF. This cost is shared between employer and employee at a ratio of 83:17 for single coverage and 73:27 for family coverage; an enormous cost affecting both the company and worker.
Average Cost for Employers per Employee:
- $17,393 for family coverage.
- $7,034 for single coverage.
Average Cost for an Employee:
- $6,575 for family coverage.
- $1,401 for single coverage.
Rising healthcare and insurance costs are hurting workers and employers. As premiums rise faster than wages, workers face greater cost sharing, leaving some underinsured, and companies with annually increasing costs (6% over ’23, and projected to be 7% over ’24).
Save 100% on Insurance Costs for Employees with My Surgery Healthcare
My Surgery Healthcare is helming the global boom in the outsourcing of physical services specifically in the healthcare sector. My Surgery Healthcare is the easiest way to provide healthcare benefits, plans and coverage to employees with zero initial or base costs. By partnering with My Surgery Healthcare and leveraging our ‘Medical Travel Product’, companies can eliminate the healthcare premiums from their annual costs, saving money for both employers and employees, while still offering robust health benefits to workers. How? Companies will only need to pay for a major procedure if a need arises.
Through My Surgery Healthcare and our medical travel product, surgeries and procedures are carried out with highly accredited US and India certified healthcare providers at costs which are up to 90% less than the average US national prices. With us, most minor and intermediate procedures (e.g. spinal decompression, pacemaker implantation, cystectomy etc.) cost less than the average annual single coverage plan ($7,911), so even in the unlikely event where every employee were to undergo a minor or intermediate procedure, employers would still be in the green, and especially so where family plan coverages are provided. This would also save employees all deductibles and co-payments.
Companies can also use repurpose the current monthly premium cost share of employees as healthcare allowances for consultations, tests, diagnosis and medications, and reimburse any unused healthcare allowances annually.
To see some more of our prices, click here. To know more about how we work, click here.
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