Case Study: Zoop Benefits Revolutionizes Employee Healthcare at Nursing Home

Before Zoop Benefits

A nursing home with 98 employees, mostly part-time or low-wage earners, faced challenges providing adequate health benefits. The traditional health insurance plan was expensive, with high deductibles and copays, leading to low employee participation and not helping with high turnover. The business struggled to minimize annual premium increases and offer competitive benefits, impacting employee satisfaction and recruitment efforts.

Enrolled in Zoop Benefits

The nursing home implemented Zoop Benefits, offering comprehensive healthcare coverage with zero copays and deductibles, along with a growing cash value life insurance policy. This innovative solution catered to the needs of the employees, many of whom didn't qualify for traditional health insurance due to number of hours worked.

Day 1 Benefits for many who didn't meet the requirements for their traditional plan...at ZERO NET COST to the company!

After Zoop Benefits

• Increased Participation: 56 employees enrolled in Zoop Benefits, a 400% increase compared to the traditional health plan, demonstrating high employee interest and satisfaction.

• Enhanced Benefits: Employees and their families gained access to quality healthcare with no out-of-pocket costs and a guaranteed issue, whole life insurance policy.

• Improved Recruitment and Retention: The nursing home became more competitive in attracting and retaining talent due to the attractive benefits package offered from day one.

• Reduced Healthcare Costs: Traditional health insurance utilization decreased as employees opted for the superior Zoop Benefits plan (zero copays, zero deductibles, and ease of use certainly helped), resulting in reducing premium increases in their old plan for the employer.

• Bottom Line Financial Gain: The nursing home owner received $22,000 in savings direct to the bottom line and taken as executive compensation.

$22,000 savings directly to the company's bottom line every year while taking better care of the employees.

Conclusion

The implementation of Zoop Benefits at the nursing home proved to be a win-win-win scenario. Employees received comprehensive and affordable healthcare coverage, the employer experienced improved employee satisfaction and reduced costs, and Zoop gained a successful case study showcasing their innovative solution. The overall impact demonstrates how Zoop Benefits can revolutionize employee healthcare and challenge the traditional model, benefiting both employers and employees.