GROUP BENEFITS COMPANIES and HEALTH INSURANCE BROKERS
IDENTIFIED AUDIENCE
Group Benefits Companies and Health Insurance Brokers who:
- Are seeking a value-enhancing differentiator tool to provide to their Clients and potential Clients
- Aim to minimize their annual Client turnover.
CHALLENGES / NEEDS
- Client health care costs are rising, prompting clients to shop around. In a competitive market, a differentiator tool can help you stand out.
SOLUTIONS
- Present the Calculator to your current Clients
- Leverage this value-adding differentiator tool for business growth.
BENEFITS
- Group Benefits and Health Insurance Brokers - this differentiator tool generates increased Client retention and higher success rate with prospective Clients
- Employers - reduced matched health care costs and good will with Employees
- Employees - save time and money, better convenience, and peace of mind
EXAMPLE
POTENTIAL CLIENT SAVINGS ON MATCHED HEALTH CARE EXPENSES
Employees have choice of High Deductible Health Plan with HSA (HDHP / HSA) vs. EPO Plan
Single Employee Premiums – HDHP / HSA = $2,596/yr EPO = $3,107/yr
Family Employee Premiums – HDHP / HSA = $6,777/yr EPO = $7,480/yr
Assume Premium split – Employer 75% Employee 25%
Employer would save $1,533/yr per Single Employee who chooses HDHP / HSA vs. EPO
Employer would save $2,109/yr per Family Employee who chooses HDHP / HSA vs. EPO