Finding a Group Health Insurance Provider Isn’t As Easy As It Seems
Somewhat surprisingly, many group health insurance providers are not actually licensed to provide services. There is a lot of money to be made for providers who cut corners. With the confusion and complexity surrounding the ever-changing requirements for providing everyone health care coverage, the number of brokers and providers who don’t follow the rules grows. Is your company up to the task of actually finding a provider that is right for your company and your employees?
Are You Looking in the Wrong Place?
Looking for group health insurance provider by only examining insurance providers is not the best way to find one. A better way of looking is to seek out those who screen providers for a living. This is a big area where your association with CBR, a leading human resources outsourcing company, can benefit you and your company.
Businesses Supply the Vast Majority of Individual Coverage
A 2009 survey of employee health care costs show that about 78% of all individual health coverage is supplied from the profits of businesses. The other 22% is paid by individuals through co-payments and the paying the difference under partial-payment coverage. Thus, the rising medical cost base creates a bigger intrusion to business profits every year and drives up all product and service costs.
The future picture is not showing any improvement; in fact, it shows quite the opposite. Middle America is about to pay an even bigger bill for health care to cover even more people. Health care coverage is getting expensive, and it is about to get worse. Besides the expense, benefits and coverage limitations are shrinking in value, and then (of course) there are the occasional middlemen who just want you to pay for coverage and don’t have the intention of delivering it.
Three Areas to Improve on Employee Health Care Costs
- Get Expertise from Those Who Stay Informed
Human resources professionals make it their business to stay informed on changes and opportunities – they have to because that is why people depend on them. On the other hand, your limited human resources department has many other tasks to monitor, such as payroll services, tax deadlines, immigration law compliance services, workers’ compensation and risk solutions, as well as be present for questions and problems of individual employees.
- Leverage Greater Buying Power through Quantity
The largest of companies have an advantage when it comes to buying power. Because they can generate the volume to negotiate the price breaks, they will usually pay much less per employee than a smaller company – or an individual – could ever hope for.
- Depend on Skilled Monitors to Watch Your Back
The expense of time lost through injuries and sickness can be crippling and it is unpredictable. Not that anyone would ever be a malingerer, there are still opportunities for employees to return to work in limited capacities while recuperating, especially from injuries. Having someone who is skilled and focused on monitoring opportunities would be a big help. That is especially true when over-burdened management teams need to stay focused on generating increased profits to sustain the business.
Don’t You Wish When You Speak the Words a Solution Would Next Appear?
In fact, that is a real possibility. There is a magic number you can dial on your telephone, and when it is answered, speak the words, “I need help bringing down my employee health care costs” and a solution will soon appear. That number is: (888) 700-8512. It is the number for help from CBR, a HR outsourcing services company serving Arizona, California, and Nevada. CBR employs professional HR people who stay informed, can negotiate prices through quantity buying, and have the skills to watch you back.
Finding the right group health insurance provider is just part of what CBR does. The most popular HR services include payroll, tax calculation and reporting, human resources training and development, safety training to reduce accidents, vendor management. Further, we have available for you all other tasks you would expect of a full-service human resources department in any large company.
It’s what we do best.
