BOCA RATON, Florida., July 12, 2022 (GLOBE NEWSWIRE) — Health Safety, Inc.a national health insurance agency, active in Palm Beach County, Floridais launching a mass marketing campaign to brand and acquire a large portion of the nearly 50 million new health insurance policyholders projected by the US TreasuryHHS and Departments of Labor, due to HR 1628 passed by Congress.
The ICHRA (Individual Health Care Reimbursement Agreement) in force 01/01/2020 allows businesses of any size to purchase a separate group policy for employees who pass a minor health exam. This in turn helps businesses, individuals and families reduce health insurance premiums by 50-60%, providing employers and employees with tax benefits similar to the Affordable Care Act (ACA) with an immediate election period.
The founders of Health depositwith over 60 years of industry experience, plans to develop 200 new jobs and offer a streamlined policy lineup that emphasizes quality, policyholder perseverance with superior protections than competition. Health deposit leading carrier enjoys 85% policyholder retention in the first 18 months of issue. This kind of persistence is a far cry from the industry average retention rate of 45%.
The types of plans offered by the Company have gained greater acceptance by state insurance commissioners in recent years. In 2021, the Company ranked as a semi-finalist (70 out of 3,300) in the prestigious Pepperdine University Most Fundable Company competition that was offered to the University five years ago by Forbes and is now in the top 100 out of more than 4,000 companies as competition semi-finalists in 2022.
J.Stephen Leach, Health deposit CEO, is very grateful for the vision of Health deposit because the industry has become chaotic due to online lead providers and the hustle and bustle of licensed agents having to hammer potential policyholders with shoddy, overpriced products. Health deposit is developing as a major player and “First-in” leader in this field.
The Company invites business owners or qualified individuals wishing to take advantage of tax legislation or interested in reducing healthcare costs by 50-60% with a win-win solution to contact Health deposit by visiting their website – www.surety-health.com.
The company has a 2021 burst valuation of $5.1 million and current offers for investors can be found in the Company’s private placement memoranda which are available upon request.
Note: The above press release is provided for informational purposes only and does not constitute a solicitation or offer to sell securities. For more information about the company, please contact us directly by e-mail: [email protected].
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Source: Health deposit