A Look Into the Solution with CEO Shane Foss
For many Americans, access to zero-deductible affordable health coverage isn’t an option, especially for low- and middle-income families. In fact, 27% of adults face at least one healthcare affordability challenge every year.1 That’s why Hooray Health is on a mission to solve the healthcare affordability problem by engineering solutions to alleviate cost burdens. We understand the landscape of healthcare accessibility and make it a point to implement proactive, tangible measures that extend beyond simply acknowledging the problem.
The Pervasive Issue of Healthcare Affordability
A recent study published by Health Affairs has revealed what the Hooray Health team has known for quite a while: nearly half of US adults face healthcare affordability issues like high out-of-pocket costs, medical debt, delayed care, and forgone care due to financial strain.1
The main culprit? Inadequate insurance coverage. The lack of access to affordable care amplifies the urgency for inclusive policies and initiatives that address our country’s multi-faceted affordability problem. Cost burdens, medical debt, and even geographical barriers to care are higher among low-income individuals and families. This emphasizes the need for a solution to the systemic care intervention problem.
Hooray Health’s Innovative Solutions
Our commitment lies in crafting innovative solutions that break barriers and clear a path to affordable healthcare. As CEO of Hooray Health, I’m proud to lead a team prioritizing simplicity and affordability throughout the care journey.
A $25 Global Services Copay
Our members never have to worry about balance bills, and we are consistently working to grow our network each month. As figure 1 represents, Hooray Health offers a $25 global copay for all our members that covers appointments at Hooray Health in-network urgent care centers, X-rays, labs, and others like these:
No- and Low-Cost Services
We offer zero-cost virtual urgent care and primary care provider visits. Additionally, our members can access $0 and $5 Rx prescriptions on Minimal Essential Coverage (MEC) plans. Hooray Health covers CDC-identified top health needs and top medical debt drivers with no deductibles, with or without MEC.
Additional Coverage Perks
Proving comprehensive benefits beyond standard offerings can greatly impact how you attract and retain clients. These additional coverage perks signify a commitment to employee well-being, an overall value prop for brokers and the groups they represent.
• 100% Reasonable and Customary (R&C) Accident Benefits
• Easy-to-use Mobile App for Timely, Low-Cost, & Quality Care Options
• Simple Quote Processes & No Medical Underwriting
Creating a More Affordable, Healthier Future for Americans
Our advocacy extends beyond insurance plans. We actively work with healthcare providers nationwide to negotiate fair and reasonable pricing. This allows us to pass cost savings directly to our members across the country. Our commitment to care affordability has broken geographical barriers and added convenience for members, enabling them to seek timely and close-to-them medical assistance and reducing long-term care costs on all fronts.
We are proud to offer affordable care options in over 4,700 network locations across 47 states, with new locations added monthly.
Additionally, we provide access to educational material to help members better understand their health and coverage details on our resources page. Our team is always here to support our broker partners in delivering a better care experience to members. Reach out to us at sales@hoorayhealth.com.
Be well,
Shane Foss,
CEO of Hooray Health
