MotivHealth is Solving the Top 3 Issues in Healthcare
With costs on the rise, you need a health insurance company that’s on your side. At MotivHealth, our incentives align with our members because we know that everyone benefits when we are on the same page. We’ve been reshaping the health insurance landscape for years, and we’ve helped thousands of members save big. Click here to hear some of our favorite success stories. In short, we are solving the top three issues in healthcare: lack of consumer understanding and trust, lack of price transparency, and rising premiums.
1. Lack of Consumer Understanding and Trust
Traditional health insurance has a bumpy history. Many people believe that insurers are primarily after financial gain, even at the expense of their members. MotivHealth rises above this stereotype. We want our members to save money! When our members save, we save, and vice versa. And it goes beyond finances: We are invested in our members’ well-being because we are real people helping real people. Our personal health assistants and pharmacy team know many of our members by name. MotivMember Jeffrey S. said:
“When people speak of insurance companies, they talk about just being a number and being distant and hard to deal with. Not at MotivHealth. Since my wife was diagnosed with stage four kidney cancer and three brain tumors in January, we have had the opportunity to deal with many, many wonderful people at MotivHealth. When I call, they are always friendly, always helpful, and always quick to respond. Thank you, thank you, thank you.”
Trust begins with education. While some insurers hide behind insurance-speak, MotivHealth has created a five-course “university” called MotivU to translate insurance-speak for our members. It discusses the ins and outs of insurance, including insurance jargon, co-pay plans versus HSA plans, the benefits of HSAs, HSA investments, and more. And the icing on the cake? We pay members $50 towards their HSAs to complete all five courses! Of course, the money that our members save due to their newfound insurance expertise often far exceeds $50.
2. Price Transparency
You’d never buy a $100 shirt from one store if another store down the road was selling the exact same shirt for $25, right? So why do so many people do that with healthcare? For decades, the healthcare industry has kept its pricing hidden from consumers until after a procedure is already complete. Fortunately, new price transparency laws such as the No Surprise Act are bringing the hammer down on this practice. While the healthcare industry struggles to catch up with these new laws, MotivHealth’s SmartPay program and cost comparison tool ensure that our members receive the best care at the best price. High cost does not equate to high quality. There are several factors that play into a healthcare provider’s pricing, including geographical convenience, facility size, and administrative expenses. One thing we know for sure is that quality is not one of these factors. Call one of our personal health assistants at 844-234-4472 before your next procedure to see how much they can help you save!
3. Rising Premiums
MotivHealth’s three-part solution is crushing rising premiums. As discussed, our solution consists of member engagement and education, and price transparency through our SmartPay program. Health savings accounts are the final piece of the puzzle. HSAs allow for tax-free contributions, growth, and withdrawals so that members can maximize savings. They even roll over from year to year. HSAs are paired with high deductible health plans (which already lower premiums significantly) then HSA savings can be used to pay deductibles, allowing for gigantic savings overall.
Here’s the proof:
A northern Utah school district and a southern Utah school district have been insured by MotivHealth for the last few years. Here are their numbers:
School District 1:
National Insurer: 39.0% premium increase
MotivHealth: -14.4% premium decrease
Total Savings: $749,548
School District 2:
National Insurer: 17.0% premium increase
MotivHealth: -13.8% premium decrease
Total Savings: $1,365,156