Making Benefits a Breeze. Easy to understand, easy to implement, easy to manage.
Are you a business owner looking for a more cost-effective, or benefit-rich group insurance plan? We can help. We’re a one-stop shop for all your healthcare benefits needs.
Navigating the healthcare benefits landscape can be challenging, and gaps in coverage can be easily created when plans are not carefully considered and curated.
Our goal is to assist your management and HR staff with curating a team that meets company objectives, financial sense, and employee needs. We work with hundreds of insurance companies to find the one right for your business. Our priority is to ensure that the plans we curate will support your team throughout the year.
We love supporting management to understand their employee benefit package options and how they work so that they can be empowered to make plan decisions. By demystifying many of the complexities of healthcare benefits that may have been overlooked, we work together with our clients to settle on a plan that makes the most sense.
Regardless of the complexity of the plan curated, we will be there throughout the year to help your team with healthcare benefit decisions, compliance, and any issues that may arise.
How your plans are funded can make all the difference when it comes down to the final costs of your benefits package. Fully insured plans are still simple to work with and somewhat flexible, but self-funding is making more sense for businesses of all sizes.
A fully insured medical insurance plan is one where the employer provides benefits to his/her employees by purchasing health insurance coverage from an insurance company. In exchange for premium payments, the insurance company bears the full risk for the cost of the benefits provided. If claims paid for the year are less than premium paid for the same year, the insurance carrier keeps the difference. If, on the other hand, claims are greater than the premiums paid for the year, the insurance carrier absorbs all losses.
A self-funded plan is one in which the employer group assumes the financial risk for providing health care benefits to its employees. The group, not the carrier, is responsible for the claims. With a self-funded plan, the employer pays for claims as they are presented. The plan is administered by a Third-Party Administrator (TPA) or by an insurance carrier functioning in an Administrative Services Only (ASO) capacity.
Worried about the cost of offering benefits? Breeze Benefits Group offers a variety of strategies to mitigate and manage these expenses. Effective strategies will combine a creative approach to plan design alongside a benefits centric company culture.
Traditional plans such as PPOs and HMOs can be creatively utilized within an overall benefits package, but they leave the insurance provider in the driver’s seat. Consumer Driven Health Plans such as Health Savings Accounts (HSA) and high deductible plans can provide significant cost savings for both you and your employees by putting the employees in the driver’s seat.
An excellent midway point between fully insured and partial self-funding. The employer assumes less risk, but for lower potential savings.
More and more employers are encouraging the efficient use of health care by offering Defined Contribution medical plan arrangements. By fixing employer contributions at a certain level, rather than promising a specific benefit regardless of cost, employers stabilize their operational cash flow while continuing to offer a valuable benefit to employees. Employees use that money to buy or help pay for a health insurance plan they select for themselves.
Making Benefits a Breeze. Easy to understand, easy to implement, easy to manage.