Gravie Launches Hybrid Benefit Solution to Address Rising Healthcare Costs for Employers
Gravie has introduced a new health benefits solution called Edge, which combines an Individual Coverage Health Reimbursement Arrangement (ICHRA) with level-funded coverage in one coordinated program. This hybrid approach allows employers to offer different types of coverage tailored to various segments of their workforce without having to manage multiple vendors or programs separately. The launch responds to rising healthcare costs and the need for more flexible plan designs, particularly as small and midsize businesses face increasing pressure from hospital, physician, and prescription drug expenses. Gravie's Edge solution aims to provide employers with cost savings—up to 15% in premiums—while maintaining access to high-quality coverage. According to Steve Wolin, CEO of Gravie, the new offering addresses a growing demand for alternatives to traditional fully insured plans by allowing employers greater flexibility and control over their benefits strategy.
Topics: employer benefits healthcare insurance