BIA Offers Health Plans to SMEs
The Brick Industry Association (BIA) is offering an association health plan to its members, extending affordable healthcare to small and medium-sized manufacturing companies in approved states. In states where the health plan is not available, BIA will connect manufacturers with available options.
”Smaller companies have no bargaining power in today’s healthcare insurance marketplace,” says Ray Leonhard, BIA’s President and CEO. “This association health plan offering is meant to provide our manufacturer members a level of group coverage usually afforded to much larger companies.”
The plan, called NAM Health Care, was developed to meet the unique healthcare needs of manufacturers. It will offer a portfolio of health benefits options insured by UnitedHealthcare. In states where these plans are available, businesses with 2 to 99 employees will be able to choose from a variety of PPO (Preferred Provider Organization) and HSA (Health Savings Account) health plans.
”NAM estimates that eligible manufacturers may see costs savings of between 5% and 15%,” Leonhard says. “This plan is certainly something that our manufacturers could consider if they want to curb healthcare insurance costs.”