7 Cost Saving Tips for Utah Group Health Insurance?

Let Utah Insurance Solutions help you find a better way to cut costs in a down economy. Has your broker sat down with you recently to recommend cost cutting strategies for your company during this down economy? Well here some cost cutting strategies that we walk through with our clients:

1. Insurance premiums are partly bases on how risky your insurance carrier thinks you are. Utah Insurance Solutions helps you fend off rate hikes by challenging the insurance carrier based on our vast knowledge of the insurance industry. If we can’t negotiate a favorable rate we will explore more cost-effective carriers.

2. Consider reducing the benefits for employees, spouses, and partners who have access to coverage under their own employers’ plans.

3. Pay employees to opt out of your health plan. Many times employees can get individual health insurance coverage for a fraction of the group insurance cost; this is especially true if the employee is healthy. Utah Insurance Solutions provides each of it groups with a customized website that provides instant access to voluntary health insurance products.

4. Consider cutting your current RX plan out and replacing it with a “Pacific Benefits Health Card” from Utah Insurance Solutions. The Pacific Health Benefits Card is offered exclusively to Utah Insurance Solutions groups as a free service. The card enables employee’s to receive major discounts on: drug prescription, dental care, vision care, legal services, health and wellness programs, and hearing aids.

5. Lose what you don’t use! Opt out of providers cookie-cutter plans, bundled packages that are load with extra fee’s and benefits that you are probably not even aware of, and therefore not using! Consider rejecting coverage for specific employee assistance programs (EAP) services that few employees use, and renegotiate a lower price that includes only those few items your employees use.

6. Implement a “Long-term Strategy” to control rising employee benefit costs. At Utah Insurance Solutions we use a strategy called “Total Healthcare Management” to help our clients understand the important factors they need to be conscious of to control costs.

7. Finally, the most important cost-cutting strategy: Call Utah Insurance Solutions for a consultation!

For more information contact: Bret Harding
Email: Bret@UtahInsuranceSolutions.com
Ph. 801-372-2647
Website: www.UtahInsuranceSolutions.com