Fidelity for Healthcare
Benefitter offers companies that provide group health insurance a SaaS solution, built on the Affordable Care Act ("ACA" or "Obamacare"), which lowers their healthcare costs. Using our platform, employers and their workers save money on health insurance by migrating from group to individual plans, providing employees access to better insurance coverage at a total cost that is 20-60% lower for the company and the employees.
The ACA has disrupted health insurance and is financing its replacement with $1.2 trillion over the next decade. As a result, we are at the beginning of a huge transformation in the health insurance industry, one in which 30-50MM people are expected to move from group to individual insurance by 2020. This transition will mirror the shift from pensions to 401(k) plans which began in the 80s. The dislocation will create opportunities for new entrants the way 401(k) plans led to the massive growth of Schwab, Fidelity and Vanguard.
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