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During economic crises, wherein people experience massive layoffs and cutbacks in employee benefits, more employers are turning to companies, like Satori World Medical, to help them find ways in reducing their healthcare expenses without compromising quality.
Because of the escalating healthcare prices in the United States, these employers are now searching for innovative ways to reduce their increasing employee healthcare costs. One of these innovative ways is medical travel.
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The importance of high-quality and affordable health care in the lives of people is driving more of them to seek treatment outside the United States. Medical travel, as this is commonly referred to, is slowly becoming a very viable option for both uninsured and insured patients alike because it is 40-80% cheaper. Should employees go outside the United States for medical procedures, not only will they not be required to pay out-of-pocket expenses but employers will also have a reduced claims cost.
Satori World Medical’s patented Health and Shared Wealth™ has companies like McGregor & Associates share a portion of the savings with its employees via a tax-free Health Reimbursement Account, which is then used to fund an employee’s medical expenses in the future. George McGregor, president and CEO of McGregor and Associates, said that, by adding a global healthcare component, they were able to save significant company dollars and share them to employees. It made a difference.
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To learn more about Satori World Medical, visit this webpage.
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