Triton’s New Health Insurance Service to Reduce Premiums for Small Businesses

Triton Benefits & HR Solutions, a nationwide HR consulting and employee benefits brokerage, recently introduced a new health insurance service that helps small business owners save money on group health plans by purchasing higher deductibles while providing coverage for most of the deductibles.

Providing healthcare benefits to employees can be challenging for small business owners, especially due to the high cost of deductibles, which can create a financial burden for both the employer and employees. The new coverage options help alleviate this problem, allowing business owners to offer their employees high-quality healthcare plans without worrying about expensive deductibles.

Businesses can lower overall premiums and limit out-of-pocket expenses by combining lower-cost, high-deductible group insurance purchased through Triton HR with Garner Health’s supplemental plan. Garner Health’s approach to healthcare is based on statistical analysis, similar to the “Moneyball” approach in baseball, and offers a “gap-insurance” type of plan that covers deductibles. Using data from over 85% of patients treated in the US, their statistical approach has found that the primary driver of costs and patient outcomes is the individual doctor that the patient sees.

Garner Health is the sole healthcare platform that examines the cost-saving potential of a doctor-specific approach. By leveraging Garner’s tools, plan participants can locate the top-rated doctors within their network, and Garner assumes most of their medical expenses. As a result of receiving higher-quality care from well-regarded physicians with a proven history of positive outcomes, insurance expenses for all group members are lowered.

Steve Rosenthal, Triton Benefits & HR Solutions’ CEO, said, “Everyone who leases a vehicle is required to have gap insurance to bridge the out-of-pocket expense of an unexpected loss of your vehicle. Our offering with Garner brings the same kind of peace of mind and savings to Group Health Insurance.” He further added, “We believe that every employee deserves access to high-quality healthcare, and this new coverage strategy makes it easier for small business owners to provide that for their employees. It’s a win-win for everyone involved.”

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