As an employer, you understand the importance of providing your employees with good healthcare benefits. You likely invest a significant amount of money into these benefits, including coverage for medical care, dental, vision, medications, and preventive care. Despite these efforts, your employees may still face high out-of-pocket costs for medical care, which can lead to financial stress and impact their satisfaction and retention. It’s important to be empathetic and understand that even the best healthcare benefits may not cover all costs, and employees may still need help paying for medical expenses.It’s understandable to wonder why you should act on the issue of rising out-of-pocket healthcare costs and implement a benefit like medZERO. However, there are several compelling reasons why offering medZERO can benefit both your employees and your organization as a whole.
medZERO gives your employees on-demand access to funds to pay their out-of-pocket healthcare expenses over time—at ZERO interest and ZERO fees. And for HSA users, those payments are pre-tax, creating savings of up to 30% vs. using after-tax cash.
In today’s economy, with high inflation and rising healthcare costs, employees are increasingly struggling to manage their finances. That’s where medZERO comes in. MedZERO can be a valuable addition to your existing benefits package, as it provides on-demand access to funds to help employees pay for out-of-pocket healthcare expenses over time, at zero interest and zero fees. By offering this valuable healthcare benefit, you can help employees manage out-of-pocket costs, support employee financial well-being, and demonstrate your commitment to employee well-being, even in challenging times.
medZERO can help you attract and retain top talent. When you offer a valuable healthcare benefit like medZERO, you differentiate yourself from other employers and show that you value and prioritize the well-being of your employees. This can help you attract and retain the best employees, which is particularly important in today’s competitive job market.
In addition, offering medZERO can help improve employee satisfaction and productivity. When employees have access to on-demand funds to pay for healthcare expenses, they are more likely to seek care when needed and avoid deferring necessary medical treatment. This can lead to improved overall health and well-being, which can lead to increased productivity and reduced absenteeism rates.
Moreover, offering medZERO can also help you control healthcare costs over time. When employees have access to funds to pay for healthcare expenses, they are less likely to put off necessary medical treatment, which can help prevent more serious and costly health issues down the line. This can help lower overall claims costs for employers over time and improve the organization’s bottom line.
Overall, implementing medZERO can benefit both your employees and your organization in several ways. By improving recruiting and retention efforts, promoting employee well-being, and helping to control healthcare costs, medZERO can be a valuable addition to your existing benefits package.