BeneStream identifies Medicaid eligible workers. Employers save 90% on Medicaid qualified employees who reject employer sponsored insurance.
The BeneStream system screens and enrolls eligible workers in Medicaid for $240 annually which saves the employer the cost of insurance (average $6,000 annually) or a fine ($2,000-3,000 annually). The ACA employer mandate requires employers offer insurance to employees. There are tens of millions of people in the US who qualify for Medicaid. BeneStream now has > 90 employer clients and 29 insurance broker partners for distribution.