Trends Report

Addressing Consumers' Need For Health Insurance Plan Transparency

June 27th, 2016
Kate McCarthy, null
Kate McCarthy
With contributors:
Alex Cullen , Alex Kramer , Peggy Dostie

Summary

In a world where narrow networks are becoming the norm, customers often unwittingly find themselves with health insurance plans that force them to use extra-cost, out-of-network healthcare givers. The underlying cause of this situation is the lack of easy-to-understand information about what consumers are getting when they select a plan. Partnering with vendors focused on this need is the best strategy, but the field of vendors is very small. Startup Vericred is a strong option, for what it takes to solve for this customer concern.

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