Austin, TX – Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance and its new health-focused affiliate recently announced the name of the subsidiary, ‘Texicare,’ and provided updates on the company’s development.
Texicare is on track to begin offering health insurance plans in the second quarter of next year, subject to regulatory approval. The new company has been created to develop and deliver healthcare solutions that meet the diverse needs of Texas businesses, employees and their families.
“Keeping true to Texas Mutual’s core values, Texicare will focus on integrity, highquality service and respect for individuals,” said Meredith Duncan, CEO of Texicare. “By bringing a range of innovative healthcare options to business owners, we aim to change the healthcare ecosystem for the better, helping to create healthier and happier Texans.”
Texicare’s mission is to provide innovative solutions that increase access to more affordable, easy-to-use, quality healthcare for Texas businesses and employees. The company will provide small businesses with health coverage solutions at a lower cost with fixed monthly premiums. As such, the company intends to make the process of managing healthcare less burdensome for these businesses and more responsive for their employees.
In 2021, the Texas Legislature authorized Texas Mutual to create a subsidiary that would offer health insurance or other alternative health benefit coverage to Texas businesses. In 2022, the Texas Mutual Board of Directors approved the creation of this subsidiary and soon after named Duncan as its chief executive officer. The Texicare team is committed to supporting small businesses across the state of Texas, many of whom are not able to provide health insurance for their employees today.
“The team’s dedication to delivering a thoughtful healthcare solution to Texas employers and employees is appreciated, and we’re excited to see the positive contributions Texicare will make to the lives of Texans all across our great state,” said Ron Simmons, chairman of Texas Mutual’s Board of Directors.
Source: Texas Mutual