Payment model comparison
Traditional Insurance:
- Pay upfront annual premium
- Premium increases 10-15% each year
- Pay full premium even if employees don't use benefits
- Fixed cost regardless of actual utilization
Soda:
- Pay-per-use model: Only pay for actual medical services used
- No premium increases - costs tied to usage, not annual rate hikes
- Set annual limits (e.g., $1,000 per employee) but only pay what's used
- Transparent monthly billing based on actual utilization. Learn more about Soda billing and invoices
Cost predictability
Traditional insurance:
- Fixed premium at start of year
- Annual increases are unpredictable
- No visibility into actual usage vs. premium paid
Soda:
- Monthly costs reflect actual usage
- Real-time dashboard shows spending trends
- No surprise premium increases
Small company advantage
Why traditional insurance doesn't work for small companies:
- "For a company our size, traditional insurance just doesn't make sense - we don't get the same economies of scale that bigger companies do"
- Minimum headcount requirements exclude small teams
- High premiums per employee for small groups
- No group discounts available
Why Soda works for small companies:
- No minimum headcount requirements
- Same rates regardless of company size
- Accessible pricing for 1-50 employees
- Designed specifically for SMEs
Frequently Asked Questions
Q: What if my employees use more than the annual limit?
A: You set the annual limit per employee. Once reached, employees can pay out-of-pocket.
Q: How do I know if Soda will be cheaper than my current insurance?
A: Most companies save 30-50% because they only pay for actual usage. Contact us for a personalized cost comparison based on your current spending, or use our interactive tool.