Sana Expands Inexpensive Health Insurance Offerings for Small Businesses to Alabama – InsuranceNewsNet

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  • Expansion gives small businesses in Alabama a recent option for dependable, high-quality medical health insurance for workers
  • Sana’s unique model saves small businesses as much as 20%
  • Sana’s customer satisfaction rating is over 95% in an industry where 70-75% is average

AUSTIN, Texas–(BUSINESS WIRE)–
Sana, a health care company providing dependable health advantages to small businesses at inexpensive prices, today announced its expansion into Alabama.

Founded in 2017, Sana recently closed a $60 million Series B funding round co-led by Trust Ventures and Gigafund.

Sana is serving a historically underserved market in Alabama. Along with the dearth of medical health insurance options for small businesses, Alabama ranks among the many nation’s worst states regarding overall clinical care, in line with The United Health Foundation’s 2021 report. That study ranked Alabama last within the category of mental-health providers and forty sixth in primary-care providers. Sana members receive no-cost virtual appointments with primary-care and mental-health providers, helping Alabamians overcome those shortfalls.

“Sana has also entered Indiana and Virginia this 12 months and plans to maintain expanding in 2022,” said Sana co-founder and CEO Will Young. “We’re on a mission to make quality health care comprehensible, accessible and inexpensive to as many Americans as possible. We’re excited to supply Alabama a greater alternative to the identical restrictive networks and sky-high ‘negotiated rates’ which have dominated the marketplace for a long time.”

Sana’s availability in Alabama means small and midsize businesses can now get health plans purpose-built to fulfill their needs. The state’s market is probably the most concentrated within the country, with Blue Cross Blue Shield of Alabama controlling 97%, in line with probably the most recent data from the Kaiser Family Foundation. Sana will offer a desperately needed alternative to BCBS’s monopoly.

Only payroll surpasses health advantages as corporations’ largest expense category. Based on one report, small businesses pay anywhere from 8% to 18% greater than a big company for the same medical health insurance policy. Worse, 40% of small businesses reported that they’d increased the costs of products and services resulting from rising health care costs, in line with a 2021 survey.

When Sana enters a market, 35% of its recent customers are small businesses previously unable to offer health care to employees resulting from high costs. Launching in Alabama adds greater than 800,000 employees who can profit from Sana’s health plans.

“Our whole company loves Sana, it’s the very best medical health insurance experience we have had in our company history,” said Andy Reeves, COO of RedTree Albums. “[It’s a] higher price for our company and employees and significantly better advantages coverage. Also it has been an enormous profit how easy Sana is to make use of and get help with any problems.”

Those on the lookout for small business medical health insurance in Alabama can utilize Sana to get monetary savings and attract and retain top talent in a competitive labor market. Sana’s customers often save as much as 20% in comparison with legacy insurers.

Starting today, Alabama businesses can offer their employees health advantages packages with full medical, dental, vision and more without network restrictions or hidden fees. Sana is understood for inexpensive employer health plans, $0 virtual doctors’ visits, low co-pays and 95% customer-service satisfaction. Along with primary care, Sana gives employees access to virtual care with providers specializing in pediatrics, maternity and mental health.

About Sana

Sana provides small businesses with dependable health plans at prices they’ll afford. Through value-based care, the Sana Care ecosystem of world-class providers, direct primary care, and more, Sana is reducing the associated fee of high-quality care. Sana makes it easy for employers to manage advantages and offers members simplified health plans and top-notch customer support. For more information, visit www.sanabenefits.com.

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Treble

Lindsly Penny

[email protected]

Source: Sana

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