Company Timeline
Better health insurance benefits at a better price since 2001!
2024
Thought leadership with Cup of Joe
In 2024, The Difference Card launched a thought leadership podcast with CEO, Joe Donovan, called Cup of Joe where we embarked on a monthly exploration of the intricate and often costly world of employer-sponsored health insurance. Each month, Cup of Joe dissects a topic, providing valuable insights into the complex realm of employer-sponsored health insurance.
2023
Peace of mind for healthcare savings
With the launch of the Monthly Budget Solution in 2023, Difference Card clients can choose a fixed-budget approach to manage their healthcare spend. The Monthly Budget Solution protects each month of claims exposure for the client and gives 100% of the surplus back at the end of the plan year.
2022
Joseph Donovan takes the helm as CEO
Joseph Donovan joins The Difference Card as CEO. In September, The Difference Card Team welcomed Joe Donovan back to the organization to take the helm as the next Chief Executive Officer. Read Joe’s letter to our employees, members, clients, and partners here.
2021
New Products and Partners
The Difference Card is growing again with new financial partners, Northlane Capital! By partnering with Northlane Capital Partners, The Difference Card will continue to transform the health insurance marketplace by providing benefit enhancements and cost-savings solutions. Read the press release.
Dental Difference is introduced to the market! The Dental Difference is a new dental solution aimed at solving the problem of high fixed premiums.
The Difference Card continues to evolve with a new Monthly Cap Feature launching on July 1. The Monthly Cap Solution will provide Difference Guarantee customers with a fixed budget approach for their monthly cash flow. This is a good fit for non-profit and other budget sensitive organizations.
2020
The Difference Card Continues to Grow
The Difference Card recognizes 14 brokerages with Purple Producer Status and three agencies with Elite Purple Producer status.
The Difference Card reveals a new Executive Team. The company announces the roles of Chief Operating Officer, Chief Revenue Officer, Chief Risk Officer and Chief Technology Officer. Read the press release.
The Difference Card Health Savings Account product is born, delivering a single card solution for all employer pre-tax consumer-directed plans.
2018
The Difference Guarantee is Launched
The Difference Guarantee is launched to Difference Card producers in all fifty states, limiting claim exposure for clients and providing financial protection through an A rated insurance carrier. Read the press release.
2015
Wellintune Wellness Hits the Market
The Difference Card acquires Wellintune to enhance wellness program technology for employer groups and improve the member experience.
2014
Pharos Capital Group acquires The Difference Card
Pharos Capital Group, a healthcare-focused private equity firm, acquires Employee Benefit Solutions.
Gregg Lehman, Ph.D. is named Chief Executive Officer. Read the press release.
2010
Healthy Difference Wellness Program is Founded
The Difference Card wellness program is launched under the Healthy Difference brand and focuses on helping employers lower their long-term healthcare costs.
2006
The Difference Card is Born
The Difference Card is born as a solution to reduce health insurance expenses while maintaining a high level of benefits.
2001
The Company is Founded
Employee Benefits Solutions is founded to re-invent the group health insurance marketplace for small to mid-sized employer groups.
Difference Card Highlights
Total Historical Savings = $1,515,366,302
Historical Average Savings = 19.6%
Historical Average Annual Savings = $251,765
Historical Average PEPY Savings = $3,911
Benefits shouldn’t be complicated
We believe in empowering members. At a time when unexpected medical bills are the number one financial concern for Americans, we empower our members through the entire journey.
- Enrollment: Onsite or virtual enrollment meetings that focus on explaining how to use health insurance benefits as a whole.
- Before receiving care: Members can search for providers and compare quality of care, shop for cheaper prescriptions, and make better healthcare decisions.
- Post Care: Members get reimbursed within two business days, maximizing reimbursements to employees.
Our Partnerships & Member Organizations
Self-Insurance Institute of America
Health Care Administrators Association
National Association of Benefits and Insurance Professionals
Society for Human Resource Management
Business Council of Westchester
New Jersey Association of School Business Officials
New Jersey School Boards Association
New Jersey Association of Counties
Northeast Employers Association
Employers Council on Flexible Compensation
Awards:
Alegeus Performance Excellence Award Winner for New Logo Grow
Why Choose The Difference Card?
Healthcare is personal.
We treat our members the way we would want our families to be treated. At each interaction we strive to exceed the expectation of our members with advocacy, education, passion and empathy.
HR professionals have a lot on their hands.
We provide Client Success Teams to support our Employers and Producers. We pride ourselves on our service and accountability and it shows- we have market-leading retention rates and a top tier Net Promoter Score of 65 in 2023.
