“I'm building my second company and I know from experience how much of a pain health insurance can be. Savvy is very flexible - employees get to pick the plan that works for them, wherever they are, and I don't have to manage group health insurance for the company.”
Choosing Savvy over other options
"We were ready to sign up with a traditional group health insurance plan when we found Savvy. It was clear they were different because they made it all so easy. I didn't have to sort through healthcare jargon and lock my team into a single plan. Instead, they helped our employees find the best plans for their unique needs. It just made more sense."
"As a healthcare company, we know that providing high-quality health benefits to a remote team across multiple states can be difficult, to say the least. I was incredibly relieved to come across Savvy. I give my team a budget for health insurance and Savvy takes care of the rest. It's that easy."
Great for busy founders
"Competitive health benefits are an important part of maintaining and growing our team. However, it can be extremely cumbersome to manage, and founders have to do it all by themselves. The Savvy team helps by picking a plan that works for each one of our employees individually, and managing it directly with them. Everybody is happy and satisfied in the end!"
"As a restaurant business, we believe part-time employees deserve health insurance too, but adding them to a group plan is cost prohibitive. Savvy helped our employees find plans that provided great coverage and let us offer a stipend to cover part of the cost."
"We got started in just a few minutes. Savvy makes it super easy and handled everything we needed!"
We help you and your employees pay for insurance with pre-tax dollars, like any other employer-sponsored health insurance. This means ~35% savings on health insurance vs. employees purchasing insurance on their own. If you are interested in switching off of your existing group health plan, prices on Savvy may be less than you are currently paying. You can reach out to our team for a personalized consultation to learn more.
How does Savvy work? What is the legal structure behind Savvy?
Savvy allows you to set a budget for your employees to buy health insurance. Once you set a budget, your employees have freedom to pick any plan they need. This is called an ICHRA, or an Individual Coverage Health Reimbursement Arrangement. This is a new kind of employer health benefit that was only available for the first time in 2020. It allows your employees to buy health insurance from the individual market but with the same tax benefits as a traditional company group health plan.
Is this like a group health plan?
Like a traditional group health plan, this is a health benefit offered by an employer to its employees. This means tax savings for both employers and employees. Unlike a group health plan, the employer is not responsible for selecting and managing specific health plans. Instead, employers give employees a budget and employees are free to select any health plan that works for their budget and health needs.
Do you offer dental or vision insurance?
Employees can purchase dental and vision coverage through Savvy. If dental and vision insurance is not offered through medical plans, Savvy offers supplemental dental and vision insurance through leading national insurance carriers.
Can I sign up at any time? What if I am currently on a group health plan?
Yes! You can sign up for Savvy at any time. When your employees are offered a new health benefit with Savvy they qualify for a special enrollment period and can sign up for a new health insurance plan, or use Savvy to pay for an existing insurance plan. If you currently have a group health plan, you can switch off at any time with no penalties.