Industries of Distinction
Array has proven to be an effective benefits solution in a diverse group of industries. Here are a few examples where Array has been particularly successful:
Agriculture and Fishing
These industries often have high numbers of low-wage workers who cannot afford their contributions to a group medical plan. When a group medical plan is offered, the plan usually suffers from low participation and adverse selection.
With Array companies provide a monthly benefits allowance and gives employees access to insurance options they can afford.
Auto Dealerships
Due to funding and participation requirements, auto dealers often struggle to maintain traditional group medical plans. In the past auto dealers have turned to industry trusts for coverage, but due to poor claims experience, many of these trusts have dissolved.
Array Health is now the choice for many auto dealers throughout the Pacific Northwest. With no participation or funding requirements, auto dealers can maintain health benefits plans without the cumbersome carrier restrictions that have made offering benefits so difficult in the past.
Gaming
Often group medical carriers prefer to avoid the insurance risk associated with the gaming industry and either decline to provide coverage, or offer plans at unusually high cost.
With Array companies in the gaming industry can offer health benefit plans at a cost they can afford.
Manufacturing
Because health benefits are a form of compensation, the rising cost of health benefits is depressing workers’ wages in the manufacturing industry.
With Array companies can fix the cost of their health benefits plans and increase wages for their workers.
Nursing Homes and Home Healthcare
Nursing homes traditionally have poor claims experience. As a result, many insurance carriers decline to underwrite nursing homes, and the ones that do generally increase their prices based on the industry. Self-funded nursing homes often fall into “death spirals” due to the adverse selection that occurs when low-wage workers can no longer afford their premium contributions to the plan.
Array is a proven solution for nursing homes and home healthcare companies because our unique model eliminates the issues of adverse selection, plan participation, and funding requirements.
Retail and Hospitality
The cost of health benefits is often too high for companies in the retail and hospitality industries to offer health coverage to non-management employees. Using Array these companies can provide benefits to non-management employees for as little as $100 a month.
Software
Array has seen great success in the software industry because employee populations are generally younger enabling them to purchase inexpensive individual insurance policies. In addition, many employees feel that the portability of personally tailored insurance policies is an attractive option for them.
Staffing
Many staffing firms employ a highly sophisticated and transient workforce. Offering a traditional benefits plan is sometimes impractical due to high turnover levels and lack of employee identification with the company.
Our staffing firm clients value the service Array provides because the HRA contribution allows them to show employees the true value of the benefits plan. Also, portable insurance is often a better solution for a transient workforce.
See how Array’s offering helps hourly workers.
|
