Employer & Self Insured Companies
Frequently Asked Questions
Business and Employers that are self-insured frequently probally will need to ask important questions about how working with UMedMarket can help save you money! If there are any questions that you have and aren’t answered here, let us know!
Employer Frequently Asked Questions
What Is uMedMarket?
It’s an online shopping site for local cash healthcare services in upstate South Carolina. It works like Kayak.com but for healthcare. uMedMarket can be used two ways:
- Online Shopping: uMedMarket.com allows users to shop online for cash discounted medical care by service or location and lists the all-in price. Users purchase online, uploades a photo of their doctor’s order and the provider contacts them directly to schedule service. If a user need a service not on our list, they can simply contact us and we will find the best available service at the best price.
- The Concierge Service: Concierge shopping is for high cost medical services. With this service we will shop any high cost service users need, from knee surgery to cardiac bypass surgery. We will find options for users based on their priorities. If the priority is the highest quality provider with the greatest experience, we can find that for them. If the priority is cost, we can find several options with high quality providers in the USA that will likely be less than half the cost of the same service at the local hospital. For very high-cost medical or surgical procedures that are not covered by insurance, users can also consider a high quality international provider at very competitive cash prices. If users are interested, they just complete an online request.
It’s as simple as 4 or 5 clicks and users can save big, sometimes as much as 3-4x the cost of services at a hospital based facility.
How Much Can My Company Save?
It depends on how much your employees use their healthcare. For each service, your employees/company can save up to and beyond 50% of the usual costs of healthcare. So if there is high utilization and lots of procedures like MRIs, then both you and your employees are likely to save big. This works best if employees are financially incentivized to use uMedMarket.com. Contact us here see how uMedMarket can work for your benefits plan and how much you can save.
How Much Does uMedMarket Cost To Use?
Online shopping and Concierge Service is available at no direct cost to employers. uMedMarket is compensated by a commission on each sale. We can negotiate a custom arrangement with employers to creat their own website linked to uMedMarket to track savings and incentivize employees to use online shopping.
Is uMedMarket Insurance?
No. We are an ecommerce site for healthcare, like Kayak.com, that works best with Self-Insured Health Plans, High Deductible Plans, Healthcare Sharing Ministries, Health Savings Accounts and no insurance.
Can You Train My HR Staff And Employees How To Save Through Shopping Online?
How Do I Sign My Company Up For uMedMarket?
Have Other Questions?
Learn More About Insurance And Buying Healthcare Online
An HSA is a tax free savings account that allows you to set aside pretax money to cover health care not covered by your insurance. To be eligible for an HSA in 2020, you must have a qualifying, high-deductible health plan (HDHP) with an annual deductible of at least $1,400 for an individual or $2,800 for a family. You can’t contribute to an HSA if you’re enrolled in Medicare or a dependent listed on someone else’s tax return.