Ep. 8 – Open Enrollment Season for SMBs: Exploring Alternatives to Traditional Insurance
In this episode of Next Generation Healthcare, we dive into the complexities and opportunities surrounding open enrollment season for small and medium-sized businesses. With medical insurance prices skyrocketing and new transparency laws reshaping the landscape, now is the time for SMBs to rethink their approach to employee healthcare. We’ll discuss the impact of the cash-pay industry, the advantages of Health Reimbursement Arrangements (HRAs), and why becoming a savvy healthcare shopper could benefit both employers and employees. Tune in for a critical look at how alternative options might be the key to more affordable, transparent, and flexible healthcare solutions.
1:25 – Open Enrollment Season: Comparing Traditional Insurance and Alternative Healthcare Options for SMBs
2:46 – Rising Costs: Medical Insurance Rates Expected to Increase by 25%
4:14 – Transparency Law: How New Legislation Aims to Clarify Healthcare Costs
6:11 – Cash-Pay Industry: Tips on Becoming a Smart Shopper in the Changing System
11:03 – Rethinking Open Enrollment: Exploring Health Reimbursement Arrangements (HRAs) and Eliminating Traditional Enrollment Processes
14:02 – Conclusion: Has the Insurance Industry Done More Harm than Good to Our Healthcare System
