Are your Renewals scary? There’s a plan design for that!
I'm sure everyone wants to save money and get the best value for their dollar?
Our 12 Tips for plan re-design and cost containment for future claims will be the trick!
Picking up and moving the group to another insurance company is not always the answer.
- Review Reimbursement drug claims and using a Drug card
- Implement mandatory generic substitution under the drug plan and look at pharmacy coupons that are available
- Combine the Paramedical or Specialist maximum if many specialists are being used
- Consider decreasing the Dental recall frequency from 6 months to 9 or 12 months
- For dental consider reducing scaling availability to 4-8 units only
- Review combining Dental maximums
- Consider grouping the employees to A & B
- Offering more restricted benefits for new employees
- Offer fluoride for children only or use an older dental fee guide
- If you have high turnover, offer only tiered dental maximums
- Consider longer employee waiting periods
- And drug maximums
And remember when you initially start on a plan the employees are going to use it a lot in the first year, because they haven't had a plan. So, it takes having an Advisor to offer Lunch & Learns that enable employees not to abuse the plan that you do put in place!
Remember ask your Advisor for help to customize your plan for your type of employees and business, get good advice and help teach your employees not to abuse the plan
Contact us in BC at: support@protectfamilymatters.com
www.protectfamilymatters.com
No comments:
Post a Comment