Bind Forms Strategic Partnership with CEO Connection to Lower Health Care Costs for Mid-Market Companies

Business Wire

Partnership affords CEO Connection member companies preferred pricing under Bind

MINNEAPOLIS--(BUSINESS WIRE)-- Bind, the nation’s first-ever on-demand health insurance model, today announced it inked a strategic partnership agreement with CEO Connection to provide its mid-market member companies a solution to make health care more affordable. Under the exclusive agreement, CEO Connection member companies are eligible to receive lower pricing on the Bind plan than is available anywhere else. CEO Connection member companies have annual revenues between $100M and $3B and represent a wide array of industries and geographies.

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The Bind plan puts power in consumers' hands and allows them to design their health benefits coverage on-the-go, based on their life and needs. (Photo: Business Wire)

Bind is shaking up health insurance by demystifying the health insurance experience. The Bind plan puts power in consumers’ hands and allows them to design their health insurance coverage on-the-go, based on their life and needs. Coverage is provided from the first dollar spent, and members can add coverage at any time throughout the year. Bind partners with employers to offer health insurance that is better, faster and cheaper.

Better: The right coverage—exactly when you need it.
Faster: Care options with precise costs at your fingertips—instantly.
Cheaper: Coverage at a 10-15% savings—without compromising quality.

“Health care is an incredibly pressing issue for CEO Connection members from a cost, quality and access standpoint. We’ve been searching for a truly disruptive solution – not changes that simply shift costs around between the employer and employees,” said Kenneth Beck, founder and CEO of CEO Connection. “Through our strategic partnership with Bind, CEO Connection member companies will save 10 to 15 percent on their health care costs, and their employees can expect lower premiums compared to traditional plans, while still receiving a rich core benefit with a vast network.”

“Employers need robust, comprehensive medical benefits that are affordable for them and their employees, including part-time workers. And mid-market companies, in particular, are seeking a competitive edge to attract and retain talent,” said Tony Miller, CEO of Bind. “Bind appeals to employees because people are hungry for health care price certainty and affordability. With no deductibles or co-insurance under the Bind plan, there’s no fuzzy math; and with real-time, up-front pricing, consumers make better decisions. That’s a win for everybody. We’re looking forward to improving the health insurance experience for CEO Connection member companies and any progressive employer that wants to change the status quo.”

How does Bind work? Bind coverage includes preventive care; primary and specialty care when you’re not feeling well; urgent, emergency and hospital care; chronic care for long-term and recurring illnesses; and pharmacy needs. Copays are clear and simple. There’s a $0 deductible. No restrictions on pre-existing conditions.

The on-demand structure of Bind means you can pay for additional coverage when you need it. “Add-Ins” are optional coverages for treatment you can plan ahead for—such as knee replacement or hernia repair. Making that coverage on-demand, lowers the monthly premiums.

Bind currently has 8,500 members, including employees of Medtronic, Slumberland Furniture and Dove Healthcare, with new companies enrolling soon for 2019 and 2020. Bind is powered by UnitedHealthcare’s proprietary networks, as well as its data and analytics capabilities.

For more information about how Bind on-demand health insurance works, visit yourbind.com.

About Bind
For employers looking for innovative ways to lower costs, Bind on-demand health insurance promises to make health care more affordable for everyone—without compromising coverage or quality. Bind’s programs are employer-sponsored, self-insured health plans. Learn more about Bind and on-demand health insurance at yourbind.com.

About CEO Connection
CEO Connection is the only membership organization in the world exclusively for CEOs of mid-market companies (with between $100 million and $3 billion in annual revenue). Our mission is to help mid-market CEOs and their companies succeed. We accomplish this by connecting members with one another and with the people, information, opportunities, and resources they could not otherwise access. Collectively, we promote the interests, welfare, and perspectives of the mid-market. For more information, visit CEO Connection, and stay connected on Twitter @CEOConnection, LinkedIn, and Facebook.