Dunn does Benefits! Creative ideas for small, mid-size, and large companies.
This summer, as the 7-yearlong battle to “repeal and replace” Obamacare raged on, employers and their benefit advisers have been in an uncomfortable position as they struggled to set a strategy for plan renewals and cost control. At least now we have some certainty. For the foreseeable future, the Patient Protection and Affordable Care Act will be the law of the land.
As all employers are painfully aware, premiums continue to increase year after year! Part of this is due to the law itself as mandatory coverage must be included in any health plan. Employers in traditional health plans are often not even aware of where their dollars go, or what their claims activity looks like. Finally, here is some good news: Dunn Corporate Resources has developed benefits programs that give small and mid-size employers the same options as large corporations at an affordable cost!
One of our most effective strategies is to employ alternative options such as self-funding and captive programs. By combining self-funded benefits with stop loss insurance coverage, we can significantly reduce premiums while reducing risk to your organization! Comprehensive reporting allows employers to see exactly where each dollar is being spent AND keep unused dollars in your claim account. By utilizing these options, our clients avoid community rating while leverage group purchasing strength.
Another way to improve your benefits program without increasing costs is to implement a voluntary benefits program. Critical Illness and Accident policies offer employees a low-cost solution that provides them the cash they will need to meet their deductible and coinsurance if the unforeseen happens. Dunn Corporate has established a specialty practice in this area with access to industry experts and enrollment services as appropriate.
For more information on how we save employers hard dollars on benefits, contact us today!