SAN JOSE, Calif.--(BUSINESS WIRE)--Employers have a new choice in high deductible health plans launching September 1, 2020—just in time for the January 1, 2021 plan year.
Vive Benefits and SimplePay, two companies dedicated to making health benefits simple, affordable and transparent, have collaborated to develop an HDHP plan design that supplies transparency for its members and prospects. CEO and Founder of Vive Benefits, Jason Pyle, M.D., believes the collaboration with SimplePay is perfectly aligned with their mission to universalize financial security to all by empowering patients to pay medical bills.
“When we started Vive, we wanted to solve the problem of medical debt. We knew the impact rising medical costs were having on people across the country, and we set out to help bring financial relief,” Pyle said. “With SimplePay, we can include our payment solution with their new HDHP design and help employers cut healthcare costs without exposing employees to financial risks.”
SimplePay Health, a simplified insurance design that makes it easier for patients to find the highest quality healthcare provider across the country, reimagines health insurance and provides employers lower cost, top-quality alternatives to most fully insured plans. With Vive’s added financial solution, SimplePay’s new benefit brings employers the luxury to explore options around their consumer-driven healthcare journey.
“We are excited to bring a new solution for rising healthcare costs to employers,” said Scott Schoenvogel, president of SimplePay Health. “Our new high deductible plan design, in combination with Vive’s innovative payment solution, could not be of a better value to employers looking for quality, affordable benefits. We share with Vive a commitment to creating significant savings and bringing peace of mind to employers and employees.”
The SimplePay HDHP with Vive’s payment solution will launch September 1, 2020. For more information on Vive Benefits, visit www.vivebenefits.com or call 650-796-7616.
About Vive Benefits
Vive is a modern solution to High Deductible Health Plan shortfalls that integrates directly into a health plan providing defense against out-of-pocket medical debt using tax-free contributions and a zero-interest line of credit. After seeing the impact rising medical costs had on people across the country, Vive set out to solve the problem of medical debt. Backed by an HSA and credit program, Vive offers a soft landing for employers looking to cut healthcare costs without exposing employees to financial risks.
About ACAP Health
SimplePay Health is a subsidiary of ACAP Health, which is a healthcare consulting firm aligning major healthcare stakeholders including employers, insurers, medical providers, pharmaceutical companies, and others with measurable solutions that lower the cost of healthcare benefits. Our ultimate goal at ACAP Health is to flatten the trajectory of healthcare trend by reversing the production of disease in America. We connect clients with the medical providers and programs that give them the best chance of getting better—in an affordable way.