Sana Expands Reasonably priced Health Insurance Offerings for Small Businesses to Wisconsin – InsuranceNewsNet

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  • Expansion gives small businesses in Wisconsin a latest option for dependable, high-quality medical 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% to 75% is taken into account normal

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

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

Sana’s availability in Wisconsin implies that small businesses can now get health plans which are purpose-built to satisfy their specific needs. Sana’s plans will address a selected need for mental health care in Wisconsin, which has low availability of mental-health providers, based on The United Health Foundation’s 2021 report. Sana’s inclusion of $0 virtual appointments with mental-health providers in most plans will help Wisconsin residents facing such issues.

“Sana already has entered Indiana and Virginia this yr 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. Wisconsin has greater than 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.”

The big, legacy insurers in Wisconsin may function an adequate option for enterprises with hundreds of employees, but they’ve failed to offer 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.

Only payroll surpasses health advantages as corporations’ largest expense category, and small businesses pay anywhere from 8% to 18% greater than a big company for an analogous medical insurance policy, based on a 2018 National Conference of State Legislatures report. Worse, 40% of small businesses reported that they’d increased the costs of products and services as a consequence of rising health care costs, based on a 2021 survey by Small Business for America’s Future.

For Sana, 35% of its latest customers are small businesses previously unable to offer health care to employees, largely as a consequence of high costs. Launching in Wisconsin 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. “All the pieces from the worth of the plans, to the convenience of use, to the shopper support has been amazing.”

Those on the lookout for small business medical insurance in Wisconsin can utilize Sana to get monetary savings and attract and retain top talent in a competitive labor market. Sana’s customers save as much as 20% in comparison with legacy insurers, and most receive flat-rate renewals.

Starting today, Wisconsin-based corporations 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’ 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

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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