How This Startup Saves Small Businesses 100+ Hours on Health Benefits

Finding the right health benefits for your small business shouldn't feel like solving a complex math equation. But for many employers, navigating group plans with inflexible options that don't meet their budget or employees' needs causes frustration.

"I remember consistently hearing feedback from small business owners as we got deeper into the process where they would get a little overwhelmed by the complexity of group health benefits," shared Marshall Darr, Co-Founder of Stretchdollar.

Marshall's own journey into transforming healthcare benefits began at Gusto, where he helped roll out health plans to over 200,000 small businesses. This firsthand experience revealed an urgent need to simplify the system.

After Gusto, Marshall joined health insurance startup Decent, hoping to expand access and affordability. But after five years, he realized group plans aren't always the best fit for smaller companies. The inflexibility sparked his idea for Stretchdollar's innovative approach.

"They would bring up that they just wish there was a way they could offer their people cash and have them pick for themselves," Marshall said, recalling countless conversations with overwhelmed employers. This common desire inspired Stretchdollar's unique model.

How Stretchdollar Works

Stretchdollar enables companies to contribute tax-free funding to each employee, managed compliantly under updated HRA legislation. Employees then use Stretchdollar's guided brokerage service to select individual health plans that truly meet their needs and preferences.

The streamlined platform handles everything from moving your contributions to policy selection and even negotiation when employees face large medical bills.

"We like to say we save small employers about 100 hours, we open up more options for the employees and we're free. So really easy to use, really easy to get started at," Marshall explained.

Freeing up their time while taking care of employees is the core of Stretchdollar's value proposition for busy small business owners.

Why Stretchdollar is a Gamechanger

For Marshall, offering Stretchdollar's simplified benefits platform meant his distributed team could finally get coverage that fits their diverse situations. With his Co-Founder on Kaiser in California, himself on Highmark in Philadelphia, and employees on plans in other states, customized choice for each individual was finally possible.

Customization, flexibility, and affordability set Stretchdollar apart as a total gamechanger for small business health benefits.

Additional perks include:

- Saving employers time otherwise spent researching plans and fielding questions

- Increasing choice empowers employees to select plans and providers that suit them

- Ongoing support via bill negotiation and guidance around policy options

As Marshall put it, "We want to be your one stop shop for all of your health benefits." Upcoming offerings like vision, dental and retirement will provide comprehensive coverage under one seamless system.

Getting Started with Stretchdollar

Ready to simplify benefits for your small business? The quick and easy process takes about a month from start to finish.

First, decide on your monthly employer contribution based on your budget and location-adjusted benchmarks. Then integrate your bank account, invite employees, and guide them through personal plan selection.

Once set up, Stretchdollar handles everything behind the scenes, from moving funds to managing changes. All you do is take care of your people, not puzzling over complex group plan details and regulations.

Visit Stretchdollar.com to sign up and save an estimated 100 hours with this innovative approach to employee benefits. As Marshall said, "We'd like to save you those hundred hours of looking through group plans and then hopefully get your people a bit better matched up."

How to Navigate Health Benefits Compliance Without the Headache with Marshall Darr

Have you faced frustrations with small business health benefits? What challenges do traditional group plans pose? Share your thoughts on simplifying this crucial offering.