MotivHealth Origins

It started with a simple conversation.

The MotivHealth story began almost 20 years ago when two friends were having a conversation about the rising cost of health insurance premiums. The conversation went something like this:

If you gave someone a credit card and told them go to the store and buy everything they needed and it would only cost $25, they would probably buy a few things they didn’t actually need and they wouldn’t even know or care about the cost of what they bought. But if you gave them a credit card with $1,200 on it and told them to go buy everything they needed, but whatever they didn’t spend, they could keep, they would likely come back with only the things they needed and they would have cared about the cost of what they bought.

Milton Friedman said it simply,

“Nobody spends somebody else’s money as wisely as he spends his own.”

Then the conversation turned to life insurance. The question was asked about the two tallest building in Boston and what those companies sold. For those who have been to Boston, you know that the two tallest buildings are the John Hancock building and the Prudential Tower, both of which sell life insurance.

If you are considering buying life insurance, most financial planners will tell you that you are better off buying a “Term” policy and taking the premium savings to invest yourself. That way you are covered for a catastrophic event, but you are able take the money that would have gone to the life insurance company and manage it yourself, leaving you with more money over time.

That evolved the conversation to the question of why health insurance isn’t viewed they same way. If everyone had money in an account (an HSA) that came from the money they saved in insurance premiums while still being protected against a catastrophic event or multiple smaller medical expenses, they would start to care about how much things cost and make better decisions when it came to their health. But just as important, they could start building up savings that would not only pay for current medical expenses; the unused money would roll over year over year and actually provide a plan to pay for healthcare through retirement.

MEDICAL SPENDING FACT:
Approximately 70% of people spend less than $700 a year on medical expenses.

For those who have large medical expenses, they are still covered by insurance and end up paying about the same as they would in any other plan. This conversation led to starting a health insurance company that focuses on offering HSA-based plans with the goal of enabling consumerism and cost comparisons in healthcare. This would lead to lower claims costs resulting in lower premiums that ultimately puts more money back into the pockets of everyday employees.

We’re excited to say that we have been doing this successfully for hundreds of companies since 2015. Let’s change the world.  If you would like to see how the MotivHealth approach can help your business, click here.  

​Copyright © 2020 MotivHealth Insurance Company. All Rights Reserved | Privacy Policy

​Copyright © 2020 MotivHealth Insurance Company.
All Rights Reserved | Privacy Policy

Steps Program Basics


Why Participate: So, you and your covered spouse can earn $1 for each day you walk 8,000 or more steps up to 20 days a month. All incentives earned this way are deposited into your HSA.

How to Participate: Create your MotivHealth member account. Sync an eligible device (Garmin, Fitbit, or Apple) and walk your way to $1 a day.

Who’s Eligible: You, the policy holder and a covered spouse.

Rx Program Basics


Why Participate: Spending $200 or more on prescriptions each month? We can help you eliminate or significantly lower your out-of-pocket costs.

How to Participate: Simply call one of our Prescription Benefit Analysts:
(385) 247-1030

Who’s Eligible: You, the policyholder and your covered dependents.

Prompt Pay Program Basics


Why Participate: Save between $250-$3,000 on out-of-pocket costs on planned medical procedures.

How to Participate: Simply call us before your scheduling your procedure, and we'll help you find a participating Prompt Pay facility / provider.

Who's Eligible: You, the policyholder and your covered dependents.

Price Transparency Tool Basics


Why Participate: Lower your out-of-pocket costs by empowering yourself to take charge of your healthcare.

How to Participate: Our Price Transparency Tool is accessed via your member portal. Simply create your account and click "Find Care."

Who's Eligible: You, the policyholder and your covered dependents with member accounts can access this tool.

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