Modify Your Current Health Plan Design
Increasing copays and choosing different product designs can lower premiums and minimize annual increases. INTEGRITY BENEFITS will present and explain all of your current plan options to help you identify the plan modifications that have the most impact on premium with the least impact on member costs.
Change or Add Health Insurance Carriers
How will you know when it is time to change to a different health plan? And, how can you be sure that you will not sacrifice quality in the process? Also, would adding another health plan option be a smart move? INTEGRITY BENEFITS can help you explore these questions and assure that your health benefits plan is the best fit for you and your employees, year after year.
Refine Your Health Benefit Contribution Formula
How much you contribute toward employees who choose health coverage is your actual group health insurance cost. Your contribution formula is a valuable way to stablize your health plan costs and insulate your from future premium increases. INTEGRITY BENEFITS encourages it's clients to review it's contribution formuals every year can give you a number of strategies to help you reasonably and fairly share the cost of health insurance with your employees.
Review Your Premium Tier Structure
Health plan premiums come in three different tier stuctures:
Two Tier: Single, Family
Three Tier: Single, Couple, Family
Four Tier: Single, Couple, Employee & Child(ren), Family
In all three structures, the single rate is the same however the Three and Four Tier structures offer significantly lower costs for spouse or child coverage but will cause a slight increase in the Family premium. Matching the right Tier sturcure to the dependent coverage needs of your group can lower premium costs for both you and your employees. INTEGRITY BENEFITS will help you determine which Tier structure works best for your employees and your bottom line.
Establish Employee Classes
Establishing different contribution levels within your group can be an excellent way to attract and keep valuable employees while controling your health benefit costs. INTEGRITY BENEFITS can help you determine if introducing employee classes to your group will work for you.
Considering the New High Deductible Plans
The new generation of high deductible plans coupled with Health Savings Accounts (HSAs) or Health Reimbursment Accounts (HRAs) offer significantly lower premiums but put the burden of the first thousand dollars or more in health costs on the employee and/or the employer. INTEGRITY BENEFITS can help you explore these new options and funding mechanisms and help you decide if these products can work for you and your employees.
Save your time and your money with INTEGRITY BENEFITS
