As a human being, there are some things you just don’t want to increase. Cholesterol. Birthday candles. The number on the scale. As a business, it’s the same thing. Certain costs in any given company can bloat out of control if you’re not careful. With the Affordable Healthcare Act, things are going to get really interesting in 2016 and onward. Fortunately, there are things you can do to protect yourself.
We can help protect your business. We can’t protect your cholesterol.
One major area of increases comes from healthcare. Are your health benefits increases capped for next year’s renewal?
Believe me, you will have meetings this year where you tell your employees that you’re having to cut back their benefits. It’s not going to be a fun day. No matter how you spin it, you can’t get away from the fact that your employees are going to have to pay more for the same benefits.
Providing health insurance has been an expensive and uncertain proposition the past decade. Some companies have seen 20% increases in the last two years annually. The only solution for these companies has been to increase the pay of their employees or cut back on hours, cut back on employees, or cut back on the benefits themselves. No one wants to do any of that. But how can you continue in business without drastically passing on your costs to your customers?
What if you could find a benefits partner who averaged only 4-6% increases per year? What if, even if you had a bad utilization year, that same partner capped your increases at 10%? What if they guaranteed that to you in writing? I don’t know about you, but I’d buy that. What if they provided over fifteen different choices for you in health care with the top providers in your area and the most extensive network? What if they offered both the richest plans and some of the best saving plans at the same time? What if enrollments, changes, terminations, claims, and COBRA were all done online?
Bear with me, that was a lot of questions. Sometimes I get excited.
What if health benefits were just the tip of the iceberg in terms of benefits that were are part of the program you could offer to employees? What if you could give discounts on movie tickets, travel, mobile devices, mobile plans, computers and much more? What if, instead of years of bad news for your employees you could have a meeting where the employees are saying, “Wow! Thank you!”
What a lovely day that would be.
We have client partners that can make that happen. What if that could be you?