Extend Health proposes a new model retiree health insurance

December 27, 2010

Our CEO Bryce Williams recently talked to the San Francisco Business Times about our exchange and how this model can provide cost savings both for employers and their retirees. You’ll need to subscribe (at no cost) to the e-journal to read the whole article, but here’s an excerpt of the discussion:

“Extend Health offers clients — mostly big firms — control over costs by ditching the high premiums of group plans for lump sums placed into employee health care accounts. So far, the company has saved its clients over $1 billion; the average family saves $500 annually….

“The one-size-fits-all model is dead and going to continue to die off,” Williams said. “There is a massive amount of overspending for health coverage today that doesn’t need to be happening.”

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