Employer Benefits with uMedMarket
uMedMarket Helps Employers Save Money
uMedMarket can help companies significantly reduce their annual claims experience, saving money for both employees and the employer. This works best if employers incentivize employees to shop for services at uMedMarket. The more employees use uMedMarket, the more everyone saves. This means employees aren’t paying $2,000 for an MRI, they’re paying $800. This also means fewer employees will hit their deductible, thus lowering employer’s claims experience and lowering reinsurance cost, if you are self-insured. To ensure quality, we screen the license and malpractice history of every provider we work with and review available third party quality data for our providers such as HealthGrades, Propublica Surgeon Scorecard, Leapfrog Hospital Safety Grade when available.
Learn More About Insurance And Buying Healthcare Online
Co-Insurance is way to split payment for specific services between you and your insurer. Typically only certain high cost services will have a co-insurance payment, like hospitalization. With a co-insurance amount (usually a percentage of the allowable charge), you will always pay that percentage each time you use that specific service.