Two Affordable Ways for Small Businesses to Supercharge Employee Healthcare
Two Affordable Ways for Small Businesses to Supercharge Employee Healthcare
We all know running a business and providing healthcare is a challenge for many small businesses. Insurance gets pricier every year but never seems to cover exactly what your employees need. But now new affordable digital services like GoodRx Gold and Galileo are emerging to solve many of those coverage problems. Both are great options for small businesses looking to care for the people who keep their companies growing.
If you’ve heard about GoodRx, that’s probably because it is the first online service designed to help U.S. consumers find the best deals on prescription drugs. GoodRx was founded more than a decade ago, and today boasts more than one million subscribers. The company recently created a Gold plan that adds discounted online doctor visits, extra savings on medications, and prescription mail delivery.
The hope is that this sort of cost-effective, frictionless service will allow most people to access the medicines they need more quickly and easily, stripping out some (or most!) of the cost of traditional healthcare.
But affordable drugs aren’t a silver bullet. A lack of access to affordable care are persistent barriers to a healthier, more productive American public. Enter Galileo for Small Business, a new service from medical practice Galileo, designed to make it easy for employees to connect to a health care provider, anytime they need.
Galileo is built around the idea that if you give people an easy, efficient way to solve many or even most of their health issues, the entire healthcare system will get, well, healthier. Its digital app provides 24/7 access to high-quality care across a range of conditions, from hair loss and heartburn, to depression and diabetes. It can either supplement a high-deductible plan, or provide digital access to care to businesses that can’t afford traditional insurance.
The impact of services like GoodRx Gold and Galileo are substantial. According to GoodRx, Gold saves customers on its $9.99/month Individual Plan more than $2,800 annually and $19.99/month Family Plan subscribers more than $4,000. That can make a real difference for American families.
Galileo’s $19/month plan is able to resolve 90 percent of members’ health issues without the need for an in-person visit. Compared to small group insurance that costs around $600 a month per employee, the savings are considerable.
Most small business owners want to offer quality healthcare to their workers without breaking payroll. Now, with services like GoodRx and Galileo, every business has the ability to offer comprehensive healthcare at a price that keeps them competitive.