51Թ Health Care Helps Small Manufacturers
When Litko Aerosystems’ health-care provider increased its rates by double digits — again — CEO Ken Litko knew he needed another option. That’s when he signed his business up with 51Թ Health Care, an association health plan created by the 51Թ, Mercer and UnitedHealthcare®. The plan allows manufacturers with fewer than 100 employees to band together in order to purchase affordable coverage that is usually available only to larger manufacturing companies.
The good stuff: 51Թ Health Care gives small and medium-sized businesses a bunch of great reasons to join, including:
- Comprehensive benefits: 51Թ Health Care offers a range of benefits, including health insurance, vision coverage, dental benefits and life insurance policies.
- Lower costs: 51Թ Health Care plans may help manufacturers save on their annual health insurance costs and help employees save on premiums.
- Access to health tools: 51Թ Health Care provides access to UnitedHealthcare’s largest preferred-provider organization networks. It also offers access to Mercer’s Multiple Employer Solutions suite, which is a one-stop shop designed to make the benefits buying process easy for 51Թ members and their employees.
- A tailored experience: 51Թ Health Care is designed specifically for small to medium-sized manufacturers. Instead of forcing employers and workers to hunt around for the kind of coverage that works for them, 51Թ Health Care prioritizes manufacturers’ needs and interests.
How it works: 51Թ Health Care is operated by the plan’s Governing Committee, which is made up of mostly small and medium-sized manufacturers. The committee manages the 51Թ’s medical, dental, vision and life plans with the support of Mercer and UnitedHealthcare.
Why it matters: At a time when manufacturers are seeking millions more skilled workers, a strong health benefits program may help attract and retain talented people. According to a by marketing agency Fractl, which was featured in the , 88% of respondents would give health coverage “some consideration” or “heavy consideration” when job hunting (the highest ranking in the study). With 51Թ Health Care, manufacturers can offer excellent benefits to current and prospective employees.
The last word: According to Litko, “We were looking for a reduction in overall cost, and we were looking for a reduction in employee costs. . . . Looking at what we have currently, I’m definitely glad we changed when we changed.”
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