News Summary
Texicare has secured $240 million in funding from Texas Mutual, totaling $300 million to improve health care access for small businesses in Texas. With plans tailored specifically for businesses with fewer than 50 employees, they aim to bridge the gap where 68% of small businesses do not currently offer health insurance. Features include $0 visits, unlimited virtual care, and partnerships with local healthcare providers to ensure employees receive effective care solutions.
Big News for Small Businesses in Texas!
Hey there, folks of Texas! Buckle up for some exciting developments on the health care front that could make a big difference for our small businesses and their employees. Texicare has just announced that it’s snagged a whopping $240 million in additional funding from Texas Mutual. This funding will be rolled out over the next several years, bringing Texicare’s total funding pot to a remarkable $300 million! Now that’s a number that catches the eye.
What’s Texicare up to?
Texicare, in case you haven’t heard, is on a mission to change the way small businesses in Texas access health care. Last year, Texicare kicked off its health care plans in several cities like Lubbock, Amarillo, Midland, Odessa, Houston, and El Paso. Yes, you read that right! Their plans are designed specifically for the smaller players—think businesses with less than 50 employees. They have exciting expansions on the horizon too, with plans to reach even more markets by 2025.
Why should small businesses care?
Here’s the kicker: a whopping 68% of small businesses in Texas don’t currently offer health insurance to their employees. This gap presents a golden opportunity for Texicare to step in, providing accessible options that could improve the well-being of our hardworking Texans. With over 15,000 small businesses registered in El Paso County alone, Texicare is setting its sights on supporting these entities with affordable health care solutions.
Unique Offerings Galore!
So, what makes Texicare’s plans stand out from the crowd? For starters, their **Essential Care** plan includes four $0 visits to various healthcare providers each year! They also have unlimited virtual care, allowing folks to see a doctor without ever leaving their home. Talk about convenience! On top of that, their **Savings Care** plan enables employees to make tax-free contributions into a health savings account—perfect for those looking to manage their health expenses smartly.
Building Strong Partnerships
To make the roll-out even smoother, Texicare has teamed up with esteemed local healthcare providers like The Hospitals of Providence in El Paso, as well as virtual services provider CirrusMD for telehealth options. Plus, they’re collaborating with TempoPay to offer flexible payment solutions for health care bills, making it easier for employees to manage costs.
Community Feedback Promising
Initial feedback from small business owners has been overwhelmingly positive, noting that Texicare’s plans are not just beneficial but also unique. These services are crafted to be user-friendly, ensuring that employees can access what they need without hassle.
Getting Started with Texicare
If you’re a business owner curious about incorporating these health plans, getting in touch with your health care agent is a great first step. You can also reach out directly to Texicare to get a rundown of the options available. With health care being such a critical component of employee happiness and productivity, Texicare seems committed to improving the landscape for small businesses across Texas.
In Conclusion
It’s clear that Texicare is paving the way for a healthier and happier Texas by addressing the health care needs of small businesses. With all these enhanced options and robust financial backing, the future looks bright for small businesses wanting to provide their employees with affordable health care solutions. Remember, a happy workplace leads to a thriving business!
Deeper Dive: News & Info About This Topic
- Business Wire: Texas Mutual Approves Additional $240 Million for Health Affiliate Texicare
- OAOA: Texicare Brings Health Care Plans to El Paso
- Business Wire: Texicare Brings Innovative Health Care Plans to El Paso
- Amarillo Globe-News: Business News First United Bank in 2024 Best Banks to Work For
- Wikipedia: Health care in the United States
