Controlling Costs

Can you offer great benefits and manage costs?

With the ever increasing cost of health care and the desire to offer the best benefits to your employees, finding the best of both worlds is no small task.  At Parelius Insurance we’re here to guide and advise you so we can find the best short-term and long-term strategies to control costs.

Employer Cost Strategy
Your cost control strategy is unique to your company.  There is no such thing as “one size fits all” when it comes to employee benefits.  As the market changes, laws change, and your company’s needs change we will continually evaluate your employee benefits package to ensure a sustainable strategy to keeps costs down and support your success.

Rates – Why do they keep going up?
Every year we see an increase in premium rates.  There are a number of factors which contribute to these increases; demographics of the population, poor health of Americans, care for chronic conditions, increasing cost of medical procedures, health care reform, and law changes.  Understanding how to keep costs down and improve the health of your employees will affect how much you spend each year.
Funding Mechanisms
How you choose to fund your company’s health plan benefits can have a significant impact on cost control.  We work with our clients to determine the funding option to support their cost saving goals.  There are multiple options including; fully-insured, self-insured, shared risk arrangements, Consumer Directed Health Plans (CDHP), Health Savings Account (HSA), Health Reimbursement Account (HRA), and administrative services only.   What option or combination is best for your company?  We’re here to help you find the right fit.
What do other companies offer?  Is my company competitive in the marketplace?  Are we paying too much for employee benefits?  We can provide answers to these questions through our benchmarking report.  We provide a thorough understanding of benefit trends and assist in creating the right benefit package for your company.  We’ll analyze plan design, cost-sharing, vendor offerings, voluntary benefits, employee education and wellness programs to control costs and ensure your benefit plan is competitive in the marketplace.