An estimated 50% of the population lives in an economic environment of stagnant wages, house prices and rising costs related to their basic needs of health, food, housing and education.
Healthcare costs represent the 2nd largest area of household expenditure. An average working family has to deal with not only less money in their paycheck as they pay for their share of healthcare benefits; but also increasing out-of-pocket cost exposure as employers continue the shift towards high deductible plans. The lack of savings leads working families to continue to lose savings and dig further into a debt spiral as they grapple with out-of-pocket costs.
Nearly 70% of the working population in US today has $1,000 or less in savings.
Payssurance aims to solve the crisis facing American families today.
Our mission is to provide working families with the necessary peace of mind that comes with the certainty of being able to pay for out-of-pocket costs without the added burden of increased debt or just living paycheck to paycheck. We are starting with the largest and most complex burden of healthcare costs but the mission of improving lives of working families goes well beyond healthcare. Be part of the journey!
Strategic Advisor, Payssurance. Former Group President, Xerox Healthcare Administration. Former Global President, Hewitt Benefits Administration