StartingBlock Madison Enhances Member Benefits with Health Insurance Offering
StartingBlock Madison, a coworking space and entrepreneurial hub in downtown Madison, is enhancing member benefits by offering Health Insurance through a new pilot project and partnership with M3 Insurance and Quartz. Entrepreneurs who operate their startups and social impact nonprofits out of StartingBlock now get to add health insurance plans to the list of membership perks and amenities at 821 E Washington Ave. in Madison.
For entrepreneurs and small businesses, the second most costly expense after payroll is offering an Employee Benefits program. To attract and retain talented staff, startups need to be able to offer Employee Benefits. However, the cost associated with offering benefits is often out-of-reach for start-ups and the traditional “one size fits all” benefits package may not necessarily satisfy the needs of entrepreneurs, startups, and the gig economy. The defined contribution benefits program will be available to all members at StartingBlock, where memberships begin at just $150/month for 24×7 access.
“Access to health care should not be a barrier to entry for people wanting to start businesses and especially not for people who want to work for startups,” says StartingBlock Executive Director, Nora Roughen-Schmidt. “By partnering with Quartz and M3 Insurance, we are offering affordable healthcare to StartingBlock Madison members and their employees, making entrepreneurship as a whole more accessible.”
The addition of health insurance completes a package for members that includes vision, dental, life insurance, and telehealth services with 24×7 mental health support. The benefits are offered in a cafeteria-style format, meaning members can pick and choose what they would like to participate in based on entity size and employee needs.
To learn more about StartingBlock Madison and their new partnership with Quartz and M3, visit www.startingblockmadison.org.
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