Partnership expands health insurance coverage and enables cost savings for AIQ employees
DALLAS, TX / ACCESSWIRE / August 27, 2024 / AffordaCare Insurance, a nationally recognized group health insurance agency committed to revolutionizing the traditional employee benefits model, has announced a new partnership with Alpine IQ (AIQ.com), one of America’s fastest-growing companies and the emerging leader in customer data, loyalty and analytics platforms. AffordaCare Insurance Champion Health Plan (ie the CHAMP plan) is made available to all eligible AIQ employees and extends their health insurance coverage at no additional cost to them.
Steven Guilfoile, CEO of AffordaCare Insurance, is revolutionizing the traditional employee benefits model. He partners with likeminded business leaders to deliver best-in-class healthcare solutions like the CHAMP plan to employees nationwide.
The CHAMP plan, AffordaCare’s flagship product, is a comprehensive solution that complements employers’ existing health insurance plans. It provides employees with unlimited access to a wide range of medical benefits, including doctor visits, urgent care, physical therapy, telemedicine and mental health services, as well as expanded prescription drug coverage with minimal copayments. The supplemental health benefit improves employee health and well-being and increases their productivity and retention. By providing comprehensive access to medical benefits, the plan ensures that employees can afford essential health care for themselves and their families when needed.
“At Alpine IQ, we are always looking for ways to support our rapidly growing team and maintain our status as a Great Place To Work,” said Nicholas Paschal, CEO of Alpine IQ. “By partnering with AffordaCare Insurance to deliver the CHAMP plan, we are able to provide our employees with best-in-class health benefits that are both comprehensive and cost-effective. This partnership reflects our commitment to the well-being of our employees as we continue to push the boundaries of innovation.”
Alpine IQ has quickly become a national leader in behavioral marketing, customer loyalty and e-commerce and was recently recognized as Tenth fastest growing company in America on the Inc. 5000 2024 list with an astonishing growth rate of 16,469% in three years. Founded in 2020 by Nicholas Paschal, Shahzil Abid, and West Paschal, AIQ has grown from a small startup to a company that today serves over 4,000 retail stores and has achieved $32 billion in gross merchandise value in just four years. AIQ’s innovative platform has set a new standard for retail growth and customer engagement. This remarkable achievement underscores AIQ’s commitment to pushing the boundaries of innovation and maintaining its status as a top place to work.
“In today’s competitive business environment, the ability to attract and retain top talent depends on offering exceptional benefits that truly meet the needs of today’s employees,” said Steven Guilfoile, CEO of AffordaCare Insurance. “Partnering with Alpine IQ underscores the importance of comprehensive healthcare solutions that go beyond basic care. The CHAMP plan isn’t just about cost savings – it’s about empowering companies to provide high-quality, accessible healthcare that increases employee satisfaction and productivity. We’re proud to partner with innovative, forward-thinking companies like AIQ that recognize that investing in their employees’ well-being is a smart and sustainable strategy for long-term success.”
Founded in 2011, AffordaCare Insurance is committed to changing the landscape of employee benefits. The CHAMP plan stands out because it offers significant savings to both employers and employees without requiring changes to existing healthcare networks.
By utilizing a unique structure, the plan offers significant savings through:
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Tax benefits for employers: Reduced FICA taxes can save businesses hundreds of thousands of dollars annually.
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Higher net salary for employees: Employees benefit from tax savings, which lead to a higher net salary despite new deductions.
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Lower insurance premiums: The CHAMP plan helps lower premiums for major health insurance plans by covering many routine claims.
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Possible refunds at the end of the year: Some companies may receive significant reimbursements from their primary insurance carriers.
The CHAMP plan creates a win-win situation where employers save money while providing their employees with improved access to healthcare by taking advantage of pre- and after-tax deductions. This innovative approach enables companies like Alpine IQ to offer best-in-class healthcare benefits that attract and retain talent while improving their bottom line.
“The CHAMP plan proves that better health care and cost savings Go hand in hand and usher in a new era of employee benefits,” concluded Guilfoile.
About AffordaCare Insurance
AffordaCare Insurance is a nationally recognized group health insurance agency committed to revolutionizing the traditional employee benefits model. Their signature product, the CHAMP plan, combines the best features of fully insured and self-insured plans, providing significant savings and enhanced benefits to employers and employees alike. With over 27,000 affiliated agents, brokers and partners in over 60 locations nationwide, AffordaCare Insurance is committed to providing value-based healthcare solutions that promote healthier, more productive workforces while minimizing costs. The company has collectively saved employers and employees billions of dollars in health-related expenses through its innovative plans and services. For more information, visit AffordaCareInsurance.com/Champ.
About Alpine IQ (AIQ)
Headquartered in Broomfield, Colorado, Alpine IQ is a customer data, loyalty, marketing and analytics platform. AIQ’s behavioral marketing, loyalty and e-commerce solutions enable companies to optimize their core operations and make informed decisions with ease. AIQ serves organizations of all sizes, from small family businesses to large publicly traded corporations, ensuring its solutions are accessible and beneficial to companies of all sizes. In 2024, AIQ was named the 10th fastest growing company in America. For more information, visit www.AIQ.com.
Contact information
AffordaCare Insurance
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SOURCE: AffordaCare Insurance
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