HealthSource RI for Employers welcomes 700th small business

PROVIDENCE – HealthSource RI for Employers, the health insurance marketplace for small-size employers, has enrolled its 700th small business with Providence Power Yoga, bringing more than 5,200 Rhode Islanders under coverage through the state-based Affordable Care Act insurance marketplace exchange.

The yoga studio has three locations in the Providence area and a team of more than 30 yoga teachers and management staff members.

Owner JoEllen Hockenbrough said joining HealthSource RI for Employers just made sense.

“At Providence Power Yoga, we want our health insurance options to be as diverse as our staff and our customers. HealthSource RI for Employers made it possible for us to offer unique, high-quality benefits to our employees that are normally out of reach for a business our size,” she said.

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HealthSource RI operates one of the best-performing small-business health insurance marketplaces in the country. HealthSource RI for Employers has the largest market share among the 14 comparable state-based small-business marketplaces in the United States.

HealthSource RI Director Zachary Sherman has been pleased with the steady growth of HealthSource RI for Employers.

“We are really excited to reach this milestone and that Providence Power Yoga joined the hundreds of other small businesses taking advantage of the services available through HealthSource RI for Employers,” Sherman said, “We are proud that our innovative, full-service marketplace helps so many Rhode Island companies improve the health of their employees through access to affordable health coverage.”

Small businesses enrolled in HealthSource RI for Employers have access to 16 different health insurance options from Blue Cross & Blue Shield of Rhode Island and Neighborhood Health Plan of Rhode Island. HealthSource RI for Employers also offers five dental plan options, ancillary benefits and an innovative “Full Choice” option, which allows employers to set a contribution and let their employees select from a range of health insurance plans. Small businesses interested in joining HealthSource RI for Employers can contact the Business Engagement Team at 1-855-683-6757 or visit HealthSourceRI.com/Employers.

Rob Borkowski is a PBN staff writer. Email him at Borkowski@PBN.com.