A small (less than 100 employees) tech startup creating new data-mining software
for media companies to fulfill increasing demand for quality exercise equipment.
Youth. Almost all the startup’s employees are 35 or younger, a demographic that generally doesn’t overuse healthcare or submit unreasonably high claims. Yet the firm’s large insurance company doesn’t take a specific population’s need into account when calculating its fixed plan costs.
When the company touches base with MagnaCare, we reveal that one of the chief benefits of self-funded health insurance is the employer’s ability to create their own healthcare plan to ensure employees receive the care that’s right for them and the company.