We Want to Be Your Human Resource Department
To offset benefit plan increases, we recommend six different options to our clients and quite often, more than one option is selected.
We Shop Around
Let us shop for you. By shopping around we can quite often switch insurance carries, keep the same doctors you are use to, and reduce premiums. If we do not look at what else is out there how else will we know how competitive your rates are?
Base Plan Options
By introducing a base plan, your company agrees to pay the base premium, and you give your employees the option of buying up to a higher benefits level to suit their specific needs. This way employer, and employee win.
Employee Share Costs
The days of employers paying 100% of the premium for benefits are quickly appearing on the endangered species list. It is very common for employees to pay 25% to 50% of the overall cost
HMO or POS Plans
The introduction of an HMO or POS plan can result in significant price savings in exchange for the restrictive network of doctors
Prescription Drug Plans
The modification of the prescription drug co-pay is a very popular scenario. This option can be implemented with a minimal impact on employees and substantial savings for the employer.
Reduction of Benefits
With health insurance increasing in recent years, employers are already having their profit margins cut into. By decreasing a plan that covers hospitalization at 90% to a 80% or 70% level, will help you to maintain your profit margin.