We understand that “shopping for health insurance” is not something our clients like to do, but it is something they have to do.
What most clients don’t understand is the health insurance industry isn’t like other insurance industries where you need to work with multiple brokers in order to get access to all the options available and better pricing.
For companies with less than 100 employees the rates are filed with the Division of Insurance and and the "rate is the rate" regardless to where and from whom you work with. However, if you are a company with more than 100 employees or self-funded there is some “wiggle room” in the rates, so working with someone who understands this market and is motivated to work hard for you is important.
As a professional insurance broker, we have access to ALL the insurance carriers, all of their plans, all of their networks and all of their pricing.
You might ask, "Why should I buy my employee benefit program from one broker versus another?" and the answer is, VALUE. We add value to our clients by doing all the "shopping" for them, presenting the information in a clear and easy to understand manner as well as offering ways to transfer the liabilities away from their business.
One of the most critical factors to the success of a company is the health and well-being of its employees. The right group insurance health plans can offer employees wellness programs with incentives to be and stay healthy. It can also be instrumental in attracting, hiring, and retaining good quality employees.
Employees being recruited by your competitors will compare health plans and typically won’t leave for more pay if the new company doesn’t have a good benefits package. This contributes to lower employee turnover. Our experience and resources allows us to customize health plans, financial strategies and benefit communication programs giving you the upper edge in recruiting quality employees.
We believe health insurance for small to mid-sized companies must be built on five basic principles.
- Have a defined strategy
- Transfer liability away from the employer
- Improve administrative and benefit management processes
- Have an effective employee education program with an emphasis on wellness
- Have a dedicated professional as a resource for guidance and problem resolution
Having a Defined Strategy:
When designing a program for any client, the first thing we do is evaluate the climate of the company. By taking time to understand your organization and its goals we can create a strategy for your benefit program that supports where you are today and can change to meet your needs of the future.
Another important element is finding out what your employees value in a benefit program. We can help gather such information through employee surveys, focus groups or face to face interviews.
Transferring Liability Away from the Employer:
Offering insurance plans is only a part of an employee benefit program. There are state and federal regulations that employers must comply with and they vary based on company size and state.
We’ll help you understand which health insurance related regulations apply to you and provide resources to help with compliance.
Improve Administrative and Benefit Management Processes:
Administering employee benefit programs can be overwhelming creating confusion and frustration for all involved.
We will streamline you benefit management process through standardized forms, processes and our on-line HR portal and other services.
Effective Employee Education Program with an Emphasis on Wellness:
The best way to cut rising benefit costs is to get employees engaged, informed and empowered.
When employees are well informed and engaged they become confident. They’re then able to make better health care decisions and they utilize their plans more efficiently. Being empowered gives them what it takes to ask questions and take control of their health care which results in fewer unexpected out-of-pocket expenses and an overall higher satisfaction of the plan.
We’ll plan and implement health fairs, payroll communications, employee correspondence, conduct group meetings and one-on-one benefit consultations for your employees.
We want you to think of us as an extension to your benefits department. We provide our clients with personal attention for ongoing service and support for all matters pertaining to the administration of their benefit plans.
We strive to develop and maintain close working relationship with each of our clients, and insurance partners. By maintaining these relationships we’re able to resolve service and access issues quickly and efficiently.
While we like to emphasize importance of strategies and employee education, we recognize that we can’t have a successful benefit plan without products. Here’s a list of the types of products we offer:
- Group Medical, Dental and Vision plans
- Voluntary Supplemental Plans
- Consumer Directed Health Plans (CDHP) including Health Savings Account (HSA) plans and Health Reimbursement Accounts (HRA)
- Life, Disability and Critical Illness Plans
- Cafeteria Plans (Section 125 Plans)
- COBRA/HIPAA Administration and Compliance
- SPDs and WRAP Documents
- On-line HR portal through HR 360
We rely on different industry leaders to provide these products but it’s our job to ensure they perform smoothly and are operating in accordance to your expectations. That’s why we stay committed to you as a dedicated resource for ongoing service and administrative and problem resolution.
Many of our clients hire us outside their open enrollment period and together work on auditing the current plans, compliance needs and we quickly implement solutions.
Next Steps ...
To learn more about how our team can help protect your team, contact us with your questions or to set up a time to visit.