Fallon begins new incentive for midsized companies
Photo | Grant Welker
Worcester's Fallon Health
Fallon Health has begun offering financial incentives the Worcester insurer says will help midsized employers lower healthcare costs.
The new programs, announced Thursday by Fallon, includes a 5% premium credit provided to employers if their medical expenses are lower than 89% of premiums they pay. The credit is available to members who have between 50 and 99 employees.
Another program will give a credit if Fallon fails to meet certain objectives, including offering a dedicated implementation manager, a dedicated account manager and receipt of member identification cards within eight days of enrolling.
Employers under the second program will receive a $5,000 credit if those objectives aren't met. Employers eligible for that program must have between 75 and 99 enrolled employees.
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