Spring Training: What’s Your Best Healthcare Plan Savings Line Up?
What’s that amazing feeling in the air? Oh yeah, it’s hope.
More people are getting vaccinated each day, baseball season is right around the corner, and there’s a spring in our collective step. After all, March is not just a month. It’s a verb. A perfect time to harness this positive momentum and move your ideas and plans forward. At Roundstone, we help smaller sized businesses focus this energy on their healthcare plans. Whether you’ve just renewed your same old fully-insured healthcare plan, or are seeking a new alternative, now is the perfect time of year to act.
Like most businesses, you are likely dealing with rising wages, competing for top talent, and looking to protect and increase profitability. Having a strategy for saving costs and an action plan to get it done is the best way to assure you are in control.
Healthcare costs are a top three business expense for employers today, and an untapped opportunity for savings. You’re given no explanation or data to back up the need for an increase every year (and isn’t it always an increase?).
A big part of the success of your healthcare plan is your relationship with your insurance advisor or broker. Many advisors are getting tired of delivering rate increases every year, spreadsheeting alternative plans, and ultimately hoping their clients don’t start looking for someone with a better solution. They also need a plan to diversify their portfolio and grow business by offering more value.
So where should you start? We recommend adding a trusted partner with an easy-to-follow plan of action. Sometimes it’s better to trust the experts instead of becoming an expert at everything. Maybe you hire an accountant to do your taxes, or a landscaper to plant new flowers and greenery in the spring. Why not trust the experts when it comes to your employer-sponsored healthcare plan?
Whether you’re an employer or advisor, working with Roundstone brings you a team of experts who are on your side. We’re just as interested in ensuring your employees have great benefits and saving you money as you are.
The Line-Up: Who’s on Your Healthcare Benefits Planning Team?
Since it is spring training season, let’s talk baseball. Don’t you want a line-up like this?
Coach: Your benefits advisor helps you call the plays. We’re happy to work with your current benefits advisor, or refer you to a Growth Advisor in your area.
Pitcher: You’ll be paired with a Roundstone Regional Practice Leader who knows your state’s rules and regulations and can answer all of your self-funded questions– and help you find the right plan for your needs.
Catcher: Your Client Manager has a great view of the game–they’re just a quick call or email away and manage your experience end-to-end to ensure your healthcare plan delivers as expected to support your employees. They can catch anything you throw at them!
Infield: Your Regional Practice Leader and Client Manager are backed by a team of highly-skilled Underwriters who prepare your proposal and know the ins and outs of what’s in your best interest.
Outfield: Your Roundstone Plan works with a variety of solution providers to bring you exactly what you need in a healthcare plan. Your team consists of a TPA (Third-Party Administrator), a PBM (Pharmacy Benefits Manager), and a stop loss insurance policy to back you up and ensure you’re covered. And if you need help decoding all those acronyms, we’ve got you covered, too.
You can also add in additional players like healthcare concierge services, telemedicine providers, case management for chronic conditions, and more. Roundstone’s unique Cost Savings Investigators Team (aka “CSI: Cleveland”) can help you choose which programs to keep in your rotation.
With Roundstone, you’ve got a winning team.
If you are interested in building your own Roundstone Action Plan on behalf of your company or your clients, get in touch. We’re happy to schedule a one-on-one consultation to help you become an MVP.