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As the healthcare landscape continues to evolve, Flex Health and its partners have emerged as a leader in innovative, preventative healthcare solutions. In 2024, the program has seen remarkable growth and impact, solidifying its position as the premier Section 125 preventative healthcare program in the United States.
From its inception in 2019, the program has experienced steady growth, but 2024 has been a banner year. The program has expanded from serving several thousand employees to over 24,000 lives currently enrolled. This growth is a testament to the increasing recognition of the value that Flex Health’s plan brings to both employers and employees.
Flex Health’s growth in 2024 has been marked by several high-profile clients joining the program in the last quarter:
These new clients are on top of big names like FedEx, Tesla, Marriott, Shell, and Amazon Prime continuing to use the Section 125 program across their franchises/locations.
As Flex Health and its partners expand their growing roster of clients, participating organizations continue experiencing tangible benefits and significant cost savings. Companies across a variety of industries are highlighted in these case studies.
California Staffing Company: A large staffing company with over 2,000 employees implemented the program in January 2023. Within 90 days, 2,057 employees were enrolled and the company was seeing $1.28M in projected payroll savings for the year.
Fast Food Franchise Group: A group of franchises covering over 400 employees adopted the innovative Section 125 plan. The result was employees seing an average $734/year increase in their take-home pay and the owner saving $239,000 in annual FICA contributions.
Professional Employer Organization (PEO): A PEO serving several medium-sized businesses integrated the preventative program into their benefits offering. This move generated over $55,000 a year in cumulative paycheck gains for employees.
As Flex Health moves forward, the company is poised for continued growth and innovation:
Industry Diversification: Recognizing the unique health challenges faced by different industries, Flex Health is developing tailored solutions for specific sectors by focusing on cananbis companies this coming year.
Partnerships and Collaborations: Flex Health is expanding its partnerships with brokers, consultants, law firms, and accounting firms to better reach more businesses. Dozens of official referral partners bring on new clients to the program each year and receive recurring commissions for the lifetime of the clients.
As healthcare costs continue to rise and the importance of preventative care becomes increasingly recognized, Flex Health is well-positioned to lead the charge in transforming employee health benefits. By combining tax-advantaged premiums through Section 125 with cutting-edge preventative care, Flex Health is not just saving employers money – it’s potentially saving lives by catching health issues before they become critical.
The company’s growth in 2024 is just the beginning. As more employers recognize the value of preventative care and the financial benefits of Flex Health’s model, the company is poised for exponential growth in the coming years. In an era where employee health and wellness are more important than ever, Flex Health is pioneering a new approach that benefits everyone – employers, employees, and the healthcare system as a whole.
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