Why is Our Product Relevant in The Market
Why is our product relevant in the market?
To answer this, I want you to think about the market and analyze where it's at and where it's trending.
If you're staying current, you'll know that there's a gig economy, and it is one of the places I've seen our product do very well. Gig workers are employees who work variable hours. They are independent contractors, online platform workers, contract firm workers, on-call workers and temporary workers.
Legislation has been put in place on which employers need to classify these gig workers as employees, and there are only a few types of companies that are exempt. Everyone else is subjected to ACA filing and reporting if they are considered an Applicable Large Employer and they are required to offer minimum essential coverage to their employees.
Our products are very relevant in the gig economy to ensure that all workers can be offered affordable health insurance coverage. As major medical premiums continue to increase, so does the cost of living. Often times employers might think they are limited in what they can offer their employees, and even if they offer their employees a bronze-level medical plan, most of them can't afford to have it or use it.
One of the most relevant factors is employers want their broker to bring them affordable solutions, which is where Evolved Benefits steps in. We can even assist with the navigation of complex government contract insurance solutions and compliance-related insurance issues.