As my first official blog starts today, I wanted to start w/ a question? Is it actually possible to lower a companies spending on employee benefits, especially medical insurance. The surprising answer is yes! Impossible you say....well I beg to differ.
Your answer is no b/c of the source of your best information is tainted. Why would the average HR Consultant, CEO or CFO say that its impossible to reduce spending on employee benefits? Because the sources of their information are vested in a system that rewards the ever increasing costs of Health Insurance.
The Health Insurers (Aetna, Cigna, United, Oxford) make more money when they collect more premiums! Your current broker makes more money when you accept a higher premium! Why would they encourage you to accept a different path? Who can you turn to? At my company we believe in a truely independent attitude towards fees and the ROI for your programs is the only way.
For example, Our Nexus Benefits Cards has been showing an average of 30% in first year savings! While that equates to a 30% decrease in fees we receive we understand that we have built a long term relationship and that is worth more to us. Who's lining up your ducks! www.nexusbenefits.com
Monday, March 9, 2009
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