Business

Mason Reiner CEO at R-Health: ‘Don’t Read This If You’re Happy with How Much You Pay for Healthcare.’

By Mason Reiner  CEO at R-Health

Subscribe-to-our-NewsletterNOVEMBER 17, 2014 – When it comes to healthcare, most of us are OVER-INSURED and UNDER CARED FOR. What do I mean by that? We pay thousands of dollars each year for health insurance that we barely use. And when we do need to see a doctor, the experience is extremely frustrating. We have a hard time getting an appointment, sit in the waiting room for 45 minutes and then get about 8 minutes with the doctor (and forget about trying to get your doctor to respond to an email seeking medical advice).

In 2014, the average annual premiums for employer-sponsored family health insurance was $16,834, yet approximately 20% of people will have medical claims under $100 per year and over half will have medical claims under $1,000 per year. Imagine what this means for you and your company in terms of over expenditures on healthcare. Now imagine you could cut your insurance premiums by 15%, while improving the quality and convenience of the care you receive? Read on if that sounds interesting.

rhealth philly

Mason Reiner CEO at R-Health

So why do we over insure ourselves so much to begin with? Because that is the way it has always been done. You pay for insurance for all aspects of healthcare because you’ve been told you need the protection – and this is true to some degree – you do need health insurance – but just not in the same status quo way it’s always been done…but more on that in a bit.

What if someone told you that, starting now, your gasoline and car maintenance had to be covered as part of your auto insurance policy? What do you think would happen? Your auto policy premium would skyrocket as you spent more and more time (and more and more frustration) submitting insurance claims for a tank of gas, an oil change, tire rotation, new wiper fluid, and other routine maintenance.

Sound familiar? Well the same is true for healthcare. Primary care – your basic preventative care and maintenance – DOES NOT belong in the insurance realm. Insurance is meant to protect you from risk – from unexpected medical events – NOT every day healthcare.

Direct Primary Care – a disruptive, new approach to primary care – does just that – it decouples primary care from the insurance setting. Instead of paying co-pays and deductibles every time you want to see your primary doctor – you’ll have a flat monthly membership fee – coupled with a wraparound insurance plan to provide a financial back-stop that protects you against any major health events. You enjoy the good health and convenience that comes with a real relationship with your doctor, while having the comfort that unexpected health issues won’t drive you into bankruptcy.

Let’s look at how this could work. If you’re a 35-year old in Philadelphia, an employer-sponsored Gold PPO plan will cost about $4,560 a year, just in monthly premiums. But if you replace that with a Bronze PPO plan, coupled with a Direct Primary Care membership, your cost is about $3,900 a year – a savings of 14.5%.

Multiple that savings by 50 employees and we’re talking over $30,000 a year.

But it’s not just about the savings – the premise behind Direct Primary Care is breaking down the barriers to great primary care to achieve better health. We make it more convenient to see the doctor and we enable you to build a stronger relationship with your personal physician who can help you navigate any health issues – all at an affordable monthly fee, no co-pays, no deductibles.

Interested in learning more about R-Health Direct Primary Care for your business? Contact us at 215.600.4590 or info@rhealthconnect.com.

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