This is one of those episodes that proves that you don’t know what you don’t know. We’re tackling the subject of health insurance – how to manage costs as an employer since it is such a big-ticket cost for most agencies.
I’ve been an agency owner for the past 25 years or so, and health insurance is something I want to offer because I value my team and want to provide a generous benefit package. But when renewal time comes around, I’m always wondering what kind of increase is coming. Like most of you, it’s usually in the double digits and super painful. Someone (me or my employees) has to endure that increase or we have to increase the deductible or reduce features.
One thing I do know: For all of us, healthcare costs typically one of our biggest expenses and feels completely out of our control.
I wanted to tap into the wisdom of Allison De Paoli, who works with businesses to get more out of every healthcare insurance dollar. She offered some incredible insight on managing the costs, increase the benefits to your team and protect yourself when it comes to renewals.
A veteran of the insurance and benefits industry, Allison and her firm are members of Next Generation Benefits Network (NBN). NBN is a national alliance of elite independent benefits firms that are successfully challenging the healthcare status quo to improve benefits for employees, while reducing the costs for employers.