Every Launches Health Benefit Model Aimed at Lowering Employer Costs
Every announced Every Benefits, a new model for startup and small business health insurance. It combines fully insured plans with employer-funded reimbursements to reduce costs without impacting employee experience.
San Francisco – Every, a company providing back-office solutions for startups and small businesses, has launched Every Benefits. This new model for health benefits aims to lower employer costs by combining fully insured plans with employer-funded reimbursement arrangements, while maintaining the employee experience.
The system is designed to address rising health insurance premiums, which have made coverage increasingly expensive for smaller organizations. Every Benefits allows employers to select a lower-premium insurance plan and then use employer funds to reimburse employees for out-of-pocket expenses, including deductibles. This effectively shifts the cost burden from high upfront premiums to reimbursements tied to actual usage.
According to the company, this approach can lead to significant annual savings. A company with 25 employees could save approximately $31,000 per year, while a 100-employee company could save around $125,000. Employees continue to use the same insurance carriers and provider networks, and the reimbursement system creates an effective $0 deductible experience for them.
Every emphasizes that its platform integrates insurance, benefits administration, payroll, and banking. This consolidation aims to simplify the administration for businesses that would typically need to manage multiple vendors. The service also provides access to other benefits, such as dental, vision, and flexible spending accounts (FSA).