MINNEAPOLIS–(BUSINESS WIRE)–Bind Benefits, Inc. announced today that its personalized health plan will be offered on a fully-insured basis to Ohio employers with more than 50 employees. With Bind, employers have the opportunity to lower health care costs while giving their employees a rich benefit with a wide network and more health care decision-making power.
Ohio ranked thirteenth in the country for highest health care spending per person by state, according to a 2018 Health Care Cost Institute report. Ohioans who get their health insurance through work spent an average of $6,181 per person, higher than the national average of $5,892.
“Over the past two decades, there has been little innovation in health insurance. Employers need a better health insurance option and cost savings. They need a health benefit that gives their employees first-dollar coverage, clear choices and cost certainty. That is exactly what Bind delivers,” said Shawn Wagoner, Bind Chief Revenue Officer.
Bind personalized health plans allow people to see treatment options and compare costs in advance of care, flex coverage as needs change and eliminate the fuzzy math caused by deductibles and coinsurance. Bind has shown that when you give people tools to easily make informed decisions, they do.
“As a new mother, every dollar I save goes to my child,” said Bevin Kerechanin, Dayton Children’s Hospital employee and Bind member. “Not having a deductible saves me a significant amount of money. Previously, if I could avoid getting care to save money, I would. I can financially justify quick trips to the doctor for things like an ear infection or a sprained ankle on the Bind plan. Knowing exactly what my copay will be puts my mind at ease.”
Learn why Dayton Children’s Hospital went all-in on a personalized health plan with Bind.
For more information about Bind, visit yourbind.com.
Bind redesigned health insurance to give employers the opportunity to offer a sustainable, attractive health benefit—without compromising coverage or quality. Members can see treatment options and compare prices before making a decision. The Bind personalized health plan delivers the freedom to choose—and the information to choose wisely. Learn more at yourbind.com.