SOURCE: Spring Consulting Group

Massachusetts Health Care Cooperative

October 15, 2013 10:34 ET

Spring Launches New Cooperative to Save Massachusetts Employers Money on Their Health Insurance Premiums

BOSTON, MA--(Marketwired - October 15, 2013) - Spring Consulting Group announced today the launch of the Spring Health Insurance Cooperative.

The Spring Cooperative is a mechanism for similarly situated organizations in Massachusetts to coordinate joint purchasing initiatives. Any Massachusetts-based trade or industry association is eligible to join the Co-Op, pending state approval.

Employer members of approved Co-Op partner associations with 50 employees or fewer will be eligible to offer the plan to their employees.

By joining the cooperative, members will be able to take advantage of the following benefits:

  • Reduced Health Insurance Premiums by 5% or More;
  • Innovative Employee Wellness Initiatives;
  • Additional Low Cost Ancillary Products and Services Like Auto and Home Insurance, Pet Insurance, Life Insurance, Accident Coverage, Discount Purchasing Programs and Critical Illness Coverage;
  • State of the Art Employer Online Portal to Manage Employee Benefits More Easily.

"At Spring, we see the health insurance challenges facing employers first hand everyday," commented Spring Partner George Gonser. "For years, Spring has been developing creative employee benefit funding solutions for employers. Today, we are pleased to announce yet another creative Spring product to help out smaller employers in Massachusetts."

Initial Spring Cooperative partner associations include the Massachusetts Dental Society and the Massachusetts Society of Optometrists. Provider partners include Harvard Pilgrim HealthCare, Fallon Community Health Plan and Minnesota Life.

More information about the Spring Cooperative can be found at www.springcooperative.com.

About Spring Consulting Group:

Spring Consulting Group (@SpringsInsight) is a leading professional services firm whose core focus is developing integrated and innovative solutions in the areas of employee benefits, risk management and wealth strategies. Spring is the proud winner of the prestigious Business Insurance Magazine Innovation Award as well as awards from Risk & Insurance Magazine for Top Employee Benefits Consultant, Risk Innovator and Power Broker. Spring also possesses four U.S. patents for benefit funding solutions.

More information about Spring Consulting Group can be found at: www.springgroup.com 

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