Lowering Per-Member-Per-Month Healthcare Costs
Employers: When was the last time you thought about how much you pay every month to cover your employees? Here’s a slice of truth that might be hard to swallow: In 2015, U.S. employers paid an average of $486 per month for each covered employee. If you cover 10 employees, that’s $4,860 per month; if you cover 100 employees (as many of the companies that contact us for a health plan analysis do), that’s $48,600 per month. Staggering, isn’t it?
One of the questions we may hear from someone who sees that data is, “But that’s just the national average, right? The cost must be lower in my state.” Not necessarily. In the state of Texas, the per-member-per-month average is $478 per month – just $8 less than the national average. To find the average per-member-per-month cost figure for your state, use the Kaiser Family Foundation calculator – and prepare to be shocked at how much you are paying per month to cover each individual employee.
Now, here’s the good news: You don’t have to pay that much! With GM&A’s direct contracting health plan service, you can pay an average of $260 per-member-per-month. That’s it! Multiply that by your number of covered employees and see if you like that figure better!
Direct contracting slashes the per-member-per-month cost of covering employees by at least 30%, and it offers employers a customized network of providers that meet the needs of employees. This is the best possible way to insure your workforce with affordable healthcare. To start paying less now – per employee, per month, all year long – contact GM&A to request a free health plan analysis. We look forward to showing you more!