Medical Alley Association: Virginia Companies Can Now Offer Bind Personalized Health Plans on Fully-Insured Basis

ST. LOUIS PARK, Minnesota, Sept. 16 (TNSOps) -- Medical Alley Association posted the following member news release from Bind Benefits, Inc on Sept. 15, 2021:

MINNEAPOLIS, Minnesota -- Bind Benefits, Inc. announced today that its personalized health plans are now available on a fully insured basis to Virginia employers with more than 50 employees.

Bind redesigned health insurance from the ground up to give employers the opportunity to offer a sustainable, attractive health benefit, without continuing to shift cost to employees. With Bind, people have full coverage from day one without unnecessary affordability barriers, like deductibles and coinsurance. With an intuitive digital experience, members can see cost and quality comparisons in advance of care.

"Virginia employers and employees deserve the opportunity to save money and be more satisfied with their health insurance experience. Personalized health plans do just that," said John Chabot, mid-market sales leader for Bind.

Bind has proven when people have upfront cost certainty, they choose higher-quality care--and that makes health care more affordable overall. The impact Bind is having on its members and employer customers is significant. Bind members choose more effective, efficient care and see 52% lower medical and pharmacy out-of-pocket spend than the national average--and employers can spend up to 20% less.

Bind is not new to Virginians. Bind has members from Virginia who are on self-funded plans, offered by companies, such as Lumen, Medtronic, and more.