As an engineering firm, the cost and management of your firm's health insurance offerings are part of having a robust benefits package to recruit the best talent. Salary, Taxes, Rent, and Insurance, are also business's top expenses.
Employers' and employee's healthcare costs are rising an average of 18% yearly on a national basis. Your business needs a way to help reduce these costs! Most of us are not insurance experts, and understanding the differences between the different types of medical insurance plans can be confusing and overwhelming. Let us provide you a step by step guide on the differences between traditional, self-funded, level-funding, and stop-loss insurance plans. Understanding the differences in insurance plans can save your firm hundreds or thousands of dollars in annual premiums and individual premiums to your employees. Did you know that you can also receive money back each year if your firm and employees are healthy, those savings can come back to you with refund dollars. Learn how you can obtain one of these refunds and which plan is best for your employees.
TAKEAWAYS:
- What makes up health insurance premiums
- How to expect medical and pharmacy claims
- How to determine the best coverage for your firm and your employees
- Self-Funded plans or Fully-Insured plans and the differences between those types of plans.
Presenter: John Krebsbach, Director of Sales, ACEC Life/Health Trust; Amy Giese, Principal & Consulting Actuary, Milliman Insurance; and April Leonard, CMO, and Lindsay Simone, Director of Wellness, ACEC Life/Health Trust
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