WASHINGTON, D.C., June 18, 2018 /PRNewswire-iReach/
Community Health Ventures (CHV), business development affiliate of the National Association of Community Health Centers (NACHC), and Nonstop Administration and Insurance Services, Inc. (Nonstop) have collaborated to help health centers better control the cost of employee health insurance without shifting any of the financial burden to employees. As health insurance premiums continue to rise for most health centers, the Value in Benefits (ViB) program offers health centers the opportunity to control and reduce the cost of healthcare for both the organization and employees through participation in the Nonstop Wellness program, a proprietary partially self-insured health insurance program.
Partial self-insurance is the midpoint between a fully self-insured and fully-insured health insurance product. While large businesses often take advantage of the perks of a self-insured product, organizations such as health centers have typically opted out due to the financial uncertainty and administrative burden. However, Nonstop has created program just for health centers that removes the financial barriers associated with partially self-insurance so health centers can access the same savings as bigger organizations and secure better health coverage for their employees. This allows health centers to take advantage of the perks of a self-insured product without any the downside.
"Employee health care costs continue to significantly increase annually, resulting in pressure for health centers and the potential for inadequate coverage for workers," said Maurice Denis, Associate Vice President of Membership at NACHC. "With the Value in Benefits program, NACHC and its affiliates continue to prioritize employee health care in a way that is directly aligned with our members' mission of providing access to affordable and quality health care to all."
Providing affordable and equitable health insurance coverage for employees is one of most employer's greatest challenges. Designed specifically for health centers with more than 50 members receiving benefits, Nonstop Wellness also offers eliminated or reduced employee out-of-pocket costs making access to primary care part of their overall healthcare strategy to not only reduce the cost of insurance, but to improve the quality of coverage for employees.
"From a financial standpoint, Nonstop's partially self-insured program has saved LifeLong more than $1 million dollars in premium costs in our first year on the program, not to mention more than $120,000 in out-of-pocket expenses for our employees," said Kanwar Singh, CFO for LifeLong Medical Care in Berkley, CA. "So not only do Lifelong employees and their families have access to early and necessary care with reduced deductibles and copays, but the organizational savings means more money and opportunities to expand on the quality care we already provide our clients."
Partially self-insuring employer-sponsored health insurance is a growing trend for community health centers across the country. Nonstop serves more than 30health centers across 11 states, including Virginia, North Carolina, Washington DC, Maryland, Texas, California, Oregon, Washington, Indiana, Michigan and West Virginia. Nonstop has saved health centers and employees millions of dollars in annual premium costs and out-of-pocket expenses.
To learn more about ViB and Nonstop Wellness visit Nonstop's website
CHV's Value in Benefit Program: http://www.valueinbenefits.org
The National Association of Community Health Centers (NACHC) is dedicated exclusively to expanding health care access to for America's medically underserved through the Community Health Center Model. Established in 1971, The National Association of Community Health Centers (NACHC) serves as the national voice for America's Health Centers and as an advocate for health care access for the medically underserved and uninsured. NACHC represents the nation's network of nearly 1,400 Federally Qualified Health Centers (FQHCs), serving 27 million people through over 10,000 sites located in all of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Guam.
Community Health Ventures is the business development affiliate of the National Association of Community Health Centers (NACHC). Founded in 2000, CHV was created under the direction of health center leadership and tasked with creating workable solutions to the tremendous economic pressures facing today's health centers. By negotiating group-purchasing agreements for discount medical supplies and other materials, staffing solutions, lab agreements and more, CHV helps health centers reduce costs, and remain competitive while meeting the specialized needs of health centers.
Nonstop Administration and Insurance Services Inc. delivers premium healthcare benefits to nonprofit organizations through its Nonstop Wellness program. Nonstop Wellness is a partially self-insured program that allows for improved, customized benefits and organizational savings with no cost-shifting, changes to carriers or unnecessary financial obstacles. Unlike traditional brokers, Nonstop removes financial barriers associated with partial self-insurance to ensure nonprofits can access the same savings and healthcare benefits as larger organizations.
Media Contact: Maurice Denis, Community Health Ventures, Inc. | NACHC, 301.347.0400, email@example.com
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SOURCE Community Health Venture, Inc.