Being a self-funded company is one of the safest ways to excel in business and minimizes risks associated with running a company. If a company is self-funded, then the capital and resources required to run or maintain a company come from the owner. This is in contrast to companies that rely upon external markets and …
REASONS SOME COMPANIES ARE NOT SUCCESSFUL WITH SELF-FUNDING Read More »
In this post, we’ll showcase how our clients can save up to 30 percent on health insurance using captives and the concept of reference-based pricing. Those already familiar with captives know that there are two fundamental ways to use 831(b) captives. Clients can use them for either enterprise risk and exclusions or traditional insurance risk. …
Administering health benefits and group medical plans for employees is one of the most complex and challenging undertakings companies have to grapple with. Understanding the health insurance system is a key strategy in mitigating the risks in terms of time, cost and money for both you as the employer and your employees. The dynamics of …
Using a captive insurer as a group medical strategy can get you off the treadmill of higher prices and insurance company profits are your expense. But there are also some other benefits you’ll experience — including one that might surprise you! If you’re ready to discover the benefits of implementing group medical strategies, read on. …
DISCOVER THE BENEFITS OF GROUP MEDICAL STRATEGIES Read More »
Have you noticed there’s a lot of buzz about using a captive insurance company to provide group medical insurance? You might be wondering if it’s something that your company should consider. There’s a good reason a lot of businesses are starting to look for ways to use captive companies to provide health benefits. Let’s take …
When it comes to medical insurance, you may have heard some negative things about balanced billing. What’s the truth and how does it compare to referenced-based pricing? Balanced Billing Is A Broken Model Balanced billing is a strategy where hospitals bill a certain amount, then the carrier negotiates a discount with the hospital. The carrier then pays …
BALANCED BILLING vs CAPTIVE INSURANCE AND REFERENCE-BASED PRICING Read More »
If you have not heard of or considered referenced based pricing for your company’s group medical benefits strategy, you should definitely look into this model. It is the fastest growing trend in health insurance administration, and for good reason. Companies large and small are enjoying significant savings and are positioned to offer optimized health benefits …
WHAT YOU NEED TO KNOW ABOUT REFERENCE BASED PRICING Read More »
Over the past decade, the cost of administering group health benefits has increased more than 100% – and most business are unsure of why. Health benefits for employees is typically the second largest business expense behind payroll – meaning waxing and waning health costs can have a significant effect on a business’ bottom line. Why …
TOP 3 REASONS WHY GROUP BENEFITS ARE SO EXPENSIVE Read More »
Learn the secret that savvy companies use to insure themselves instead of throwing money away month after month.