Being Pro-Employee and Pro-Bottom Line: How You Can Save Money and Give Quality Healthcare To Your Workers

Capital Group Benefits has always been pro-employee and pro-bottom line, - it's even in our tagline!?

But what does that mean, that Capital Group Benefits is both pro-employee and pro-bottom line? It's actually very simple. What we want to do when we're looking at plans, and bringing those to the employer, is show the best possible options that give employees really, really strong benefits.?

However, we are also looking out for the bottom line, when it comes to premiums for the employer. We want to find the best of both worlds! Hence, pro-employee, pro-bottom line.

But, it's not just trying to save a buck. It's trying to save a buck while putting in a proper plan. It's really all in the financing in how one pays for their insurance.?

So, for example, if your team is on a fully insured plan, there may still be the misconception that you have to go straight to a self-insured or a captive program, even if you're not ready for that. So you can put health reimbursement arrangements, or HRAs, in place to raise the deductible. HSAs serve this purpose as well. Then, you would be able to reimburse the back-end to an employee.?

To give another example, if you have a plan currently that is a $2,000 deductible, you can take that plan and raise it to a $4,000 deductible. The employer can then reimburse the $2,000 difference.?

What that's doing is keeping the employee's plan as they know it in place - but it's also lowering the premium in the bottom line for the employer.

If you would like to learn more, click HERE.