The cost of employee health benefits continues to rise. It's a vicious cycle that leads to continuously switching carriers and lack of control and visibility. Don’t let your employees see benefits as failures - there's a smarter way.
Unlike other companies, our process is as unique as you are.
Meet with us to evaluate your process
2. Proven Process
Design and implement a smarter benefits plan
3. Remarkable Results
Your employees and your bottom line will thank you
The only “cost containment” measures you can take on a fully insured plan involve making your offerings worse – diluting your benefits, raising employee premiums, and reducing participation.But even that won’t save you from huge increases.
That’s exactly the situation that one midsized technology company faced in 2020. They had tried to work within the old paradigm. That didn’t stop their carrier from hitting them with a 65% renewal, which would have increased their costs to $1.1M. Their situation was becoming untenable.
They needed a partner to shape a strategic vision for the future. They found it in Snellings Walters who moved them into a medical captive.
Instead of paying $1.1M, they paid $605,996 during their first year in the captive. During that period, their enrollment increased by 18%.
This attests to the real improvements made in their plan structure and a clear reduction in their costs per insured life. This is the advantage of having someone in your corner who knows how to guide you to the right solutions.
Finding the right employee benefits plan can be frustrating, and a lot of companies are not even aware that self-funding is an option. Self-funding puts the control back in your hands and allows you to customize based on your needs (vs. purchasing a one-size-fits-all plan).
Take the 5-minute questionnaire to find out if self-funding is an option for you.
We help you tap into the root issues of your business by offering different strategic benefit solutions. Our guarantee: your employees will thank you.
When you work with us, you can expect continued support.
You will maintain your rich benefits in addition to lower costs.
Significantly lower costs year after year with solutions like cost containment strategy.
We guarantee your employees will thank you.
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Choosing the best employee benefits package is difficult, including deciding what is the best for your employees and your company. Here are the issues company’s face and solutions within reach when it comes to employee benefits
Ready to start thinking about employee benefits differently? Fill out the form to the right and our team will reach out to discuss your options.