Grand Rapids, MI, November 20, 2020 – HealthBridge, a first-of-its-kind financial security solution that provides a financial resource to help bridge the gap between the high cost of healthcare and an employee’s financial wellbeing, has announced its COO and Co-founder Amy O’Meara Chambers, JD, participated as a speaker at the annual Michigan Council of the Society for Human Resource Management (MISHRM) Conference and Exhibition. The event was held virtually October 14-16.
Chambers, a veteran business executive with 25 years of experience working in the healthcare industry, provided insight to HR professionals on the topic of ReinventingFinancial Wellbeing to Enhance Your Health Benefits. As the high cost of healthcare continues to skyrocket and the standard employer-sponsored health plan comes with nearly an $8,000 out-of-pocket expense, 39% of employers report that their employees have asked for help paying for their healthcare. Amy spoke about the benefits of providing a financial security benefit to employees.
“Half of all Americans have about $400 to cover emergency needs. When the average healthcare out-of-pocket maximum is 20 times that amount, insured individuals regularly make choices from the mindset that they are functionally uninsured and that medical care could plunge them into financial ruin,” said Chambers. “We all want our friends and family members to have access to excellent and affordable care – particularly in these trying times. The entire healthcare ecosystem is hurt when financial fear causes individuals to delay or skip necessary care that their providers recommend. When an individual knows how they are going to pay for and manage their medical care before they receive it, that confidence unlocks benefits for both that individual and all of the stakeholders in the healthcare equation.”
Amy O’Meara Chambers, JD, is the COO and Co-founder of HealthBridge Financial, Inc. She has over 25 years of experience working in the healthcare industry as an employee benefits attorney, executive and entrepreneur. Amy is the author of “HSAs for Dummies” and holds a J.D. from the University of Michigan Law School and a B.A. from The University of Chicago.