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How can I save on group health insurance?
group health insurance

How can I save on group health insurance?

With costs skyrocketing, most people want to save on the group health insurance plan, but unfortunately, no one knows how to do it. When it comes to saving on your group health plan, one word matters most….. DATA. Do you know your data? Not knowing your data is the equivalent of taking a cross-country trip with no GPS. Most groups do not know their data, so they do not know what decisions to make about their plan. Healthcare for most employers is the second largest expense, but something they do not have the knowledge to control. There are 3 areas that you need to know your data to help fight the rising cost of health insurance:

  1. Pharmaceutical spend
  2. Quality rankings and cost of each provider/facility
  3. Medical billing codes

If you are an employer and you don’t know these numbers, there is a good chance you are leaving money on the table regarding health insurance premiums. Reach out to your agent and request reports on the data mentioned above. If your agent can’t help you, please let our staff educate you on how to best navigate this ever-changing landscape. It’s what we do!

If you have any questions then please get in touch with our office at 870-236-8744.

-Phillip Greer, Agency Principal

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