Below
you'll find three tips on how to reduce your company's monthly
health insurance premiums.
1. Select Managed Care
Over Fee-For-Service
Managed care options such as an HMO, PPO or POS are usually
less expensive than Fee-for-Service coverage and are often
more comprehensive.
2. Increase Your Employees' Contribution
By raising employees' deductibles, co-pay and contribution
percentages, workers will be properly incentivized to be
cost conscious when choosing providers or using medical
services. This cost sharing will save the overall company
money that can be distributed in the form of higher salaries
or bonuses.
3. Provide Healthy Living Environment
Healthy employees will help avoid unnecessary health care
costs and may keep your risk adjusted factor low at renewal
time. Offer company sponsored health activities and keep
your site clean and safe.
If you have any
questions, please call us at 888.285.MEDI and we will research
and find the best policy for your company. If you would
like to start the process, click here.
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