Health Insurance Spiking 30%
How you can lower your costs—and blood pressure
Soaring insurance costs are creating financial health issues for organizations of all sizes. There have been numerous articles in the national press on this subject. Missouri and Illinois are not immune. A recent article in the St. Louis Post-Dispatch featured an employer that expects her cost for employee coverage to increase up to 30%.
That's enough to spike any employer's blood pressure! Is it possible to find real savings anywhere?
Yes, you can find real savings for your organization! In a recent Smart Business article, Ron Present and Bill Goddard, principals at Brown Smith Wallace, discussed how to strategically address health care reform to mitigate costs. The health care and insurance experts at Brown Smith Wallace have a variety of strategic options that may fit your organization's needs to combat the health insurance cost crisis. Our advice is Independent—we don't sell insurance—we help you devise the strategy that works best for your particular situation and needs. You can expect us to work closely with you to develop a strategic response that drives both the short-term and long-term goals of the employer and employees.
We've helped a number of clients save significant dollars on their health insurance costs:
- $800,000 for a community based health care provider by finding lower cost alternatives for the stop loss insurer and TPA services
- $150,000 in total insurance expenses for a national real estate firm
- $100,000 by helping a large service provider adjust their workforce strategy in relation to health care reform so they could still provide competitive services to clients and keep affordable health care insurance for their employees
To learn more about critical issues related to health care reform, click here.