California Organizations Shift to Digital Health Care Solutions
As Hixme Insurance Solutions, Inc., engineering vice president Amir Pirnia oversees the development of an analytics-informed cloud platform that is transforming the packaging of employee benefits. Amir Pirnia and his team have designed an employee coverage pooling system that is eminently scalable and leverages the power of a competitive marketplace to ensure cost savings. A November, 2017, Benefit News article drew attention to a continuing trend of benefits decision makers' shift toward level-funded group health plans. With the Affordable Care Act (ACA) remaining largely unchanged, the fixed monthly rate offers greater predictability and can drive savings of up to 35 percent compared with fully-insured ACA plans. In addition, an increasing number of consumers are choosing individual-market plans such as those offered by Hixme, instead of group coverage approaches. The unique advantage of this digital benefits platform approach is that it bundles specific types of insurance and financing together with health care plans. Employer contributions are utilized for individual-market plans and purchased through the use of payroll deductions. The bottom line is that companies are able to better manage risk and exert total cost savings, while ensuring a higher level of employee coverage.
