Sana Expands Reasonably priced Health Insurance Offerings for Small Businesses to Virginia

0
42

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

  • Expansion gives small businesses in Virginia a latest 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 taken into account normal

AUSTIN, Texas–(BUSINESS WIRE)–
Sana, a health care company that gives health advantages to small businesses at reasonably priced prices, today announced its expansion into Virginia.

Sana is serving a historically underserved market in Virginia. Along with the dearth of medical health insurance options for small businesses found throughout the country, Virginia also suffers from low availability of primary-care and mental-health providers. The United Health Foundation’s 2021 report ranked Virginia’s ratio of people to primary-care providers as thirty sixth among the many 50 states, and its ratio of people to mental-health providers as thirty eighth. Sana’s inclusion of $0 virtual appointments with primary-care and mental-health providers in most plans will help Virginians facing those issues.

“Sana entered three latest states in 2021, and plans to maintain expanding in 2022,” said Sana co-founder and CEO Will Young. “We’re on a mission to make health care comprehensible, accessible and reasonably priced to as many Americans as possible. Virginia has over 1,000,000 small business employees, and we’re excited to supply them a greater alternative to the identical restrictive networks and sky-high ‘negotiated rates’ which have dominated the marketplace for many years.”

Sana’s availability in Virginia implies that small and midsize businesses can now get health plans which are purpose-built to fulfill their specific needs. Anthem Group and Cigna possess 72% of the state’s PPO market share, in response to a 2021 report by the American Medical Association. Sana offers an alternative choice to those and other legacy insurers.

The big, legacy insurers in Virginia may function an adequate option for enterprises with 1000’s of employees, but they’ve failed to supply smaller businesses with the support their modest or nonexistent human resources teams require. Moreover, those employers haven’t been given access to value-based health care models proven to make employees healthier at lower costs.

“Getting top quality, reasonably priced health coverage is one of the difficult jobs HR professionals face, especially at smaller employers,” said Joan Reutter, sponsorships chair of the Prince William, Virginia chapter of the Society for Human Resource Management. “We’re excited for Sana to assist our members solve that problem. We have seen Sana’s work with SHRM chapters in other states and know they’ll be an incredible partner.”

Only payroll surpasses health advantages as corporations’ largest expense category. Small businesses pay anywhere from 8% to 18% greater than a big company for a similar medical health insurance policy, in response to a 2018 National Conference of State Legislatures report. Worse, 40% of small businesses reported that they’ve increased the costs of products and services resulting from rising health care costs, in response to a 2021 survey by Small Business for America’s Future, a nonprofit organization comprising business owners and leaders based in Washington, D.C.

When Sana enters a market, 35% of its latest customers are small businesses that were previously unable to supply health care to employees, largely resulting from high costs. Launching in Virginia adds greater than 1,000,000 employees who can profit from Sana’s health plans.

“Sana has been incredible for our business,” said Jason Martin, the owner of Roost Austin, a vacation rental company. “The whole lot from the worth of the plans, to the benefit of use, to the shopper support has been amazing.”

Those searching for small business medical health insurance in Virginia 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 insurer pricing and most receive flat rate renewals.

Starting today, Virginia-based corporations can offer their employees health advantages packages with full medical, dental, vision and more without network restrictions or hidden fees. Sana is thought for reasonably priced employer health plans, $0 virtual doctors’ appointments, 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

Austin-headquartered 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 price of high-quality care. Sana is making it easier than ever to manage advantages for employers and offers simplified health plans and top-notch customer support to employees. Sana provides healthcare to small businesses that drives down costs while concurrently delivering an exceptional quality of care. For more information, visit www.sanabenefits.com.

Treble

Lindsly Penny

[email protected]

Source: Sana

LEAVE A REPLY

Please enter your comment!
Please enter your name here