Let’s talk about some good news! Do you know there are alternatives to traditional health insurance company rising cost of group health insurance. These programs, that millions of employers are taking advantage of and make sense even with higher claims experience, are less expensive and give you more control but traditional health insurance companies (whom I also represent) have been slow to adopt probably because these programs eliminate their 25% profit buffer. Health insurance companies want you to believe that health insurance is some big, complicated, monolithic concept, but it’s really very simple. At their hearts, health insurance plans are divided into three core components: claims, administration, and reinsurance. But you wouldn’t know, because insurers present their offerings as an opaque package that makes it difficult to discern what’s in their plans and customers (you the employer) must ultimately decide based on the bottom-line price without really knowing what they’re paying for. If this seems like a bad way to approach handling one of the largest expenses on a company’s balance sheet, that’s because it is. What’s worse, the standard 25% margin (fluff factor) carriers build in, ensuring they always come out ahead, is obscured. Claims only make up a portion of a standard health insurance rate. Meanwhile, margins (25% on average) are imposed by the carrier. It doesn’t have to be this way. Let me show you the insurance programs that are revolutionizing Group Health Insurance with new and innovative solutions that unbundle Group Health Insurance with State Insurance Departments approved programs that give you the control and save money with safe secure programs. |