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HairClub switched its 140 employees to individualized healthcare plans, and reduced premium costs by 53%

Tailored health care plans can save employers thousands on medical costs, but they're not easy to manage.
HairClub, a hair restoration company, switched its 140 employees to individualized healthcare plans, resulting in a 53% reduction in premium costs. The company partnered with healthcare navigation firm, HealthJoy, to implement these personalized plans, which allowed employees to choose coverage that best fit their needs. This shift not only lowered costs for HairClub but also increased employee satisfaction by providing more relevant and cost-effective healthcare options. The success of this initiative has led HairClub to consider similar personalized approaches for other employee benefits.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/07/hairclub-switched-its-140-employees-to-individualized-healthcare-plans-and-reduced-premium-costs-by-53/ ]