Indigo Partners Keeps You in the Know

Indigo Partners, Indigo Partners LLC, Keeps You in the Know

At Indigo Partners LLC, we make it our priority to keep our clients up to date with all things trending out in the insurance world. The insurance landscape is constantly evolving, shaped by advancements in technology, changes in regulatory environments, and shifts in customer expectations. For us, keeping our clients aware of things they need to know or consider, is vital as it allows you to make informed decisions and tailor your insurance coverage to suit your unique needs. One topic that is currently being discussed is Fully Insured vs. Self Insured- Health Plan Compliance Rules.

Fully insured and self-insured are two distinct approaches to managing health insurance and other types of insurance benefits. In a fully insured model, an organization or individual purchases insurance coverage from an insurance carrier, paying a fixed premium to the insurer. The insurance carrier assumes all the financial risks associated with the policy, including claims and administrative expenses. On the other hand, in a self-insured model, the organization takes on the responsibility of directly funding its employees’ healthcare expenses and assumes the financial risk for these costs. The organization may choose to work with a third-party administrator to handle claims processing and other administrative tasks, but the ultimate financial burden lies with the organization itself. 

Another buzzing conversation is the prediction that healthcare cost will raise. Healthcare costs are expected to grow 7% in 2024 due to rising pharmaceutical expenses driven by specialty drugs and insurers increasing rates. High-cost medications, drug shortages and supply chain disruptions are driving health care costs upward. Indigo Partners takes pride in offering affordable, accessible healthcare benefits for your business and has 3 different options to choose from.

Basic Plan– $0 Telemedicine and Telemental Health visit fee, prescription savings and discounted lab testing, imaging and CT scans.

Signature Plan Includes the Basic Plan, plus dental, vision, diabetic supply, vitamin and hearing aid discounts along with health advocacy and medical bill saver.

Premiere Plan– All Basic and Signature Benefits, plus financial wellness, online wellness (fitness and health), caregiver package, legal services and pet care discounts.

One last trending topic is Generation Z workers being concerned with financial stability at the cost of their health. Gen Z is more well-being orientated than other generations, expecting mental
health support and similar job benefits to offset workplace stressors. Holistic and supportive workplace wellness efforts are one way that employers can combat attraction and retention difficulties. Workplace wellness isn’t just a Gen Z desire; the pandemic and economic uncertainty have further stressed the financial and mental health needs of all generations in the workforce. As Gen Z workers strive to establish themselves in an unpredictable world, the challenge lies in finding ways to pursue both financial security and health equilibrium without compromising one for the other.

Indigo Partners LLC serves businesses and nonprofit organizations in communities all across the country.  If you are interested in providing your employees with quality health insurance or health benefits plans, contact us today at 1-866-463-4463 to discuss which option is best for you.



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