Fully Insured New options demand new strategies

The strategy of getting three bids and choosing the lowest price has ruled the fully insured market for years. However, times have changed and healthcare is no longer a commodity. The advent of consumerism, new and innovative plan designs, and the rise of health and wellness programs has changed the landscape forever. Business owners know full well how to run a company in today’s competitive environment, but they struggle with the complexities of providing healthcare to their employees.

Employee benefits may be a company’s biggest expense, second only to salaries. Price, therefore, is critical. However, the cheapest price is not always the best value and may end-up costing a company more in the long-run.

We believe our job goes beyond completing a spreadsheet that compares vendors. We invest the time to understand the pressures you face and the goals you are trying to achieve. There are many new healthcare options and alternatives now available, and we help you determine which combination best fits your company. We give you informed recommendations, not simply a checklist of features.

We have been in your shoes – we have run a small company. We have watched costs rise and wondered how we would pay for it. We have also worked in the healthcare arena for the past 20 years. We know the products, we understand the language, and we’re on top of the trends. Both types of experience are equally important in advising businesses on their healthcare.

If your company is caught between moving from fully insured to self-funding, we offer an innovative funding arrangement that provides the security of fully insured, but lets groups enjoy some of the lower costs of self-funding.

We work to create benefit plans that advance your business strategy, not hinder it.