El Segundo, Calif.-based Sidecar Health, a payer that advertises members paying provider's cash prices, is expanding into Illinois, achieving a coverage milestone.
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."