Nick Rizzotto’s Post

Take a look at a few of these and ask yourself, as an advisor, could your client be saving more without offering less? In healthcare, driving down costs is always top of mind for the C-Level executives. How can you do so without impacting the plan quality? Too often when faced with a high renewal, the first thing that advisors or decision makers will think to do is narrow down the network (i.e. decreasing accessibility). What if you incentivized members for going to a preferred partner/vendor, rather than penalizing them for going out of network (carrot vs stick)? $0 healthcare service partners (Care Partners) are just one of the ways that Sana creates a cost effective plan value without decreasing accessibility for members. #healthcare #benefits #healthinsurance #levelfunding #innovationinhealthcare

We've made significant investments specifically related to the three strategies mentioned in this piece: 1 - Steerage and incentives 2 - Take control of #pharmacy spend 3 - Focus on demand The third point is one we address with employers and benefits decision-makers regularly due to the misconception that a plan with $0 copays/deductible/coinsurance will promote overutilization for #healthcareservices. That's not the case in our data. Our members are not abusing their #healthbenefits. They're actually obtaining necessary CARE, adhering to #medications and becoming healthier people because our plan removes financial barriers. But wait, there's more...our employer clients are also saving over 20% on their prior plan spend! 😲 It's not a concept. It's #HighPlainsHealthPlan. #affordablehealthcare #healthinsurance #selffunding #selfinsured #HR #fiduciaryduty #pricetransparency #healthcare https://lnkd.in/gvnXswUV

Are you looking for innovative ways to manage healthcare costs for your employees? Consider self-funding health plans as a strategic solution. With advantages like transparency, cost savings, and flexibility over covered services, self-funding offers a tailored approach to employee benefits management. Better control over finances, easier administration, and the ability to customize specific claims further highlight the benefits of self-funding. Embrace innovation in healthcare coverage and explore the advantages of self-funding for your organization today! #EmployeeBenefits #HealthcareCosts #SelfFundingBenefits #InnovationInTheWorkplace #StrategicSolutions Photo Source: TBBW - Uncovering the advantages of self-funding health plans

A Long Term Strategy with strategies to lower costs over time #roundstoneinsurance

OK, stay with me on this one for a minute. I know that the ER has free wifi, but here is what the article states: "Overutilization when it comes to the consumer use of health care is a falsehood. Consumers are not opting to go to their doctors more often than what is required, in fact, nearly four of 10 Americans said they had to put off care in 2022 because of cost." Their is a pattern here in that 'we' continue to put off healthcare due to cost year after year until it bubbles over. Employers that make their plan easier to use, easier to understand, and easier to pay for are not promoting overutilization. Instead, as the article points out, you're achieving these objectives: 1) Steering members to cost saving care 2) Incentivizing cost reduction through plan design 3) Controlling pharmacy spend (which was up 8.4% for employer plans in 2023) 4) Helping employees put their healthiest self first. Now, doesn't that sound like what we want from our employer sponsored health plans?

Join us this Thursday morning! Healthcare costs are now a top three expense for most employers, making it harder for mid-sized businesses to provide quality benefits. That’s why many are turning to self-funding with health benefits captives—a solution that offers more savings, transparency, and control. Join our webinar to learn how this approach is reshaping employee benefits and what you need to know to decide if it’s right for your company.   Date: Thursday, Sept 26 Time: 10am MST Duration: 45min Who: Employers with 50+ enrolled in medical   What You’ll Learn: - How self-funding with captives can lower costs while improving benefits - The 8 points to consider when deciding if this approach is right for you - Long-term benefits for both your employees and your bottom line   We look forward to seeing you there! https://lnkd.in/dUQYyYPc CUI Agency CUI Benefits CUI Wealth Management ParetoHealth #benefits #Q4 #captives #stoploss

Many assume that high-quality healthcare comes with a hefty price tag, but the reality is quite different. Investing in quality healthcare can actually lead to significant cost savings over time. Here's why: - Fewer complications - Shorter recovery times - Reduced readmissions - Increased productivity For employers, this means: ✅ Lower overall health plan costs ✅ Healthier, more engaged employees ✅ Reduced absenteeism Are you leveraging access to quality healthcare in your employee benefits strategy? If not, you might be missing out on both financial savings and improved employee well-being. Let's discuss how you can make quality care a cornerstone of your benefits package! Message us on LinkedIn or visit our website - https://lnkd.in/gV9a-8qx #QualityHealthcare #EmployeeBenefits #CostEffectiveness #HRStrategy

Many assume that high-quality healthcare comes with a hefty price tag, but the reality is quite different. Investing in quality healthcare can actually lead to significant cost savings over time. Here's why: - Fewer complications - Shorter recovery times - Reduced readmissions - Increased productivity For employers, this means: ✅ Lower overall health plan costs ✅ Healthier, more engaged employees ✅ Reduced absenteeism Are you leveraging access to quality healthcare in your employee benefits strategy? If not, you might be missing out on both financial savings and improved employee well-being. Let's discuss how you can make quality care a cornerstone of your benefits package! Message us on LinkedIn or visit our website - https://lnkd.in/gQGKhj-Y #QualityHealthcare #EmployeeBenefits #CostEffectiveness #HRStrategy