We have a strategy
We reveal a strategic plan to lower Major Medical premiums, shift claims experience, and reduce renewal rates while lowering copays and deductibles for your employees. On implementation our clients in most cases experience a 15-20% decrease immediately in Major Medical premiums, some have experienced a 40% decrease.
Small & Large Group Examples:
Example 2: Company with 50+ employees Is a company with 100+ employees on its health plan and currently provides a customized PPO plan. The plan has a low deductible and is copay driven. After meeting with a Global Benefits Alliance consultant, Company 2 was presented with an alternate plan known as a Modified High Deductible Health Plan (MHDHP) available to companies with over 50 employees on their plan. By moving to this plan, Company 2's premiums are reduced by 25%. Note, moving to the MHDHP plan will increase the amount of out-of-pocket expenses for the employees. The GBA consultant showed Company 2 an analysis pairing the Alliance Secondary Insurance with the MHDHP plan. This pairing resulted in paying the member's copays, deductibles, and coinsurance. As a result, the employees avoided paying more towards medical expenses. In fact, the employees of Company 2 now pay significantly less than they were under their previous higher cost, with more out of pocket PPO plan. The employer still saved 15% even after the addition of the Alliance Secondary Insurance premium.
Example 1: Company with 50 or less employees
Is a company with less than 50 employees on its health plan and currently provides the “Platinum Health Plan.” After meeting with a Global Benefits Alliance consultant, Company 1 realizes that moving to the “Silver Health Plan” will reduce its premiums by 31%. However, moving to the Silver Health Plan will increase the amount of out-of-pocket expenses for Company 1’s employees.
The Alliance consultant showed Company 1 how to properly pair the Alliance Secondary Insurance with the “Silver Health Plan.” Thereby paying the members’ copays, deductibles, and coinsurance; as a result the employees are now paying significantly less out of pocket towards medical expenses than they were under the previous “Platinum Plan.” The employer still saved 21% even after the addition of the Alliance Secondary Insurance premium.
Employee Benefits Specialist
Direct Phone: 205.213.3323
OUR MISSION: To help employers make their major medical plan both affordable and effective by implementing comprehensive strategies to assist them in managing cost while structuring a major medical plan and benefits package that attracts and retains high quality employees.
Many companies believe they are faced with eliminating benefits or moving to a higher deductible plan due to the increasing cost of health insurance, we provide solutions to reduce the cost of and improve your existing plan. We take a 360 degree approach to our analysis of your benefits package. We begin with a strategic look at your major medical plan.
Companies are still struggling to comply with Healthcare Reform (PPACA) regulations while worrying about what changes are coming We help our clients stay focused on what makes them successful, the day-to-day operations of their company and employees. The PPACA is not only affecting companies’ bottom-line in the form of increased premiums, but inundating them with the burden of increased regulations and compliance as well. Economic and regulatory environments have changed and companies now have a greater need for knowledgeable benefits consultants with proven solutions. We have them. Contact us for a no cost analysis.