Why are you throwing health insurance premium dollars away?

The new health care law makes higher premiums likely over the next few years. The legislation is intended to slowly “bend the cost curve” down.

One question:  what can you do to quickly lower your expenditures? One logical solution is to leverage what you already have.

Because there is one thing we know for sure:

Most fully insured plan sponsors, like yours, are not getting their money’s worth, and we can prove it. You can actually get more while spending  less.

Savvy companies can assist their employees in getting the full value, and more, of their health insurance dollars.  In short, they can help their employees use  their health insurance program to get healthy. We can show you how to do this.

One little known fact in the law is that insurer’s profit margins are restrained (85% of premiums must be paid out in claims for large groups, and 80% for small groups). However, this is measured against the insurers’ entire book of business, and not measured on a group by group basis. Example: assuming an insurer had only two groups in its book of business, yours’ and a competitor of yours’.  The insurer could pay out only 50% of your premium toward your employee’s claims, and pay out 110% of premium to your competitor in claims, and yet remain in compliance. You basically could be funding your competitors business!  It is entirely up to you to get your money’s worth.

How to do that?

By adopting our process your employees will be assisted in more effectively and productively utilizing their insurance plan. We can prove that employees are not taking full advantage of the valuable free, low cost, and possibly life saving benefits that have quietly been added to their plans. It is like driving a new car without knowing how to turn on the headlights.

And it is not simply to  get your money’s worth, though that too. These benefits are intended to keep employees healthier and detect diseases at earlier and more manageable stages. Your group health insurance plan can help your company and its employees be more resilient, impact absenteeism, improve presentness, and give you more options at renewal time. Options that can dramatically reduce your future costs.

Speaking about renewals. These new benefits (utilized or not) may massively impact your next renewal rate. Wouldn’t it be better to use these free benefits now to the advantage of all your employees? To help improve their health? To help you create a better business? Every day you wait, you are throwing premium dollars away.

We can show you how to do this. Call us for a free consultation. We guarantee results and the initial consultation is FREE. Our reach is nationwide.

Money Watch Consultants Inc. is a registered N.Y. Corporation and licensed insurance agency with the New York Insurance Department.

Our phone number is: 800-878-3312.