Leeway - 3x3x3 Challenge With Michelle Mead
Leeway empowers health insurance brokers and businesses to provide Individual Coverage Health Reimbursement Arrangements (ICHRA) to employers and employee groups using state-of-the-art technologies.
Transcription:
What is Leeway?
Leeway is leading the way with ICHRA. Leeway is a modern benefits administration platform that really streamlines ICHRA, individual coverage health reimbursement arrangements, for both our health insurance broker partners and employer groups!
How is Leeway different?
Leeway is different because we really remove the friction from ICHRA administration. ICHRAs are new, so it takes a little bit of time and a little bit of effort to get them up and running. So we offer everything from plan design to contribution modeling, we help with quoting. We have tools and everything structured built into the program structure that make you not only compliant, but also analyze for things like affordability. We also have payroll and banking integrations that make for seamless onboarding. Systems has visibility for both the broker partners and the employer groups, so that's a really important component. And we have a fully integrated employee enrollment flow, so employees can shop for their medical, their dental, their vision, everything all in one app. The concierge enrollment support that we have and plan recommendations make the process simple and easy. We have hundreds of different plan options for each health insurance plan, so there's lots of options for employees and we make the benefits spend management very easy also, with our health wallet and virtual cards for both medical premiums and out-of-pocket expenses. We automate the expense approval process with compliance built in and employer groups can save up to 20%, even 40% and stabilize their healthcare spend.
Who is a good fit for Leeway?
Pretty much every business is a great fit for ICHRA and Leeway. Really, ICHRA is a business strategy that we use for cost control. It offers flexibility and for businesses really of all sizes. So if you have groups spread across the country, if you have medically underwritten groups, groups with diverse populations, and low participation in your current plan structure, all of those are a great fit for Leeway's ICHRA. And if you're offering benefits for the very first time, it's also a great fit for Leeway and ICHRA.
Transcription:
What is Leeway?
Leeway is leading the way with ICHRA. Leeway is a modern benefits administration platform that really streamlines ICHRA, individual coverage health reimbursement arrangements, for both our health insurance broker partners and employer groups!
How is Leeway different?
Leeway is different because we really remove the friction from ICHRA administration. ICHRAs are new, so it takes a little bit of time and a little bit of effort to get them up and running. So we offer everything from plan design to contribution modeling, we help with quoting. We have tools and everything structured built into the program structure that make you not only compliant, but also analyze for things like affordability. We also have payroll and banking integrations that make for seamless onboarding. Systems has visibility for both the broker partners and the employer groups, so that's a really important component. And we have a fully integrated employee enrollment flow, so employees can shop for their medical, their dental, their vision, everything all in one app. The concierge enrollment support that we have and plan recommendations make the process simple and easy. We have hundreds of different plan options for each health insurance plan, so there's lots of options for employees and we make the benefits spend management very easy also, with our health wallet and virtual cards for both medical premiums and out-of-pocket expenses. We automate the expense approval process with compliance built in and employer groups can save up to 20%, even 40% and stabilize their healthcare spend.
Who is a good fit for Leeway?
Pretty much every business is a great fit for ICHRA and Leeway. Really, ICHRA is a business strategy that we use for cost control. It offers flexibility and for businesses really of all sizes. So if you have groups spread across the country, if you have medically underwritten groups, groups with diverse populations, and low participation in your current plan structure, all of those are a great fit for Leeway's ICHRA. And if you're offering benefits for the very first time, it's also a great fit for Leeway and ICHRA.