The payer takes a nontraditional approach to health insurance, arming members with a benefits credit card that they can use to pay the cash price for care. Through this model, Sidecar Health claims to save patients an average of 40 percent versus rates negotiated by traditional payers.
The company’s entry into Illinois marks the 18th state in which it offers coverage. Now, half of the U.S. population has access to Sidecar Health, according to the payer.
“Everyone deserves high-quality insurance, but for many people, traditional insurers are too expensive and out of reach,” said Patrick Quigley, cofounder and CEO of Sidecar Health.”Sidecar Health is changing that, with affordable, straightforward, accessible plans. We’re providing a better, fairer way for people to get the care they need, without the hassles and overhead of legacy health insurers.”
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
