 Employee Benefit: Health Insurance As an employee benefit, health insurance is one of the most important programs that your employees are considering when it comes to attracting and retaining employees. As an employee benefit, health insurance can make the difference between a high or low employee turnover rates. Economic Evaluation Group, Inc. Specializes in Group Health Insurance. Our brokers have over 20 years of experience in the field of group health insurance and utilize some of the most effective strategies in selecting the right group health plan for your company. Our Process - How Economic Evaluation Group helps your company select a group health insurance plan: No two companies are exactly alike. It is first important for Economic Evaluation Group, Inc. to understand your company’s goals, and priorities when it comes to group health insurance. Below is a rough guideline of some of the steps that we use when assisting a client with group health insurance. Group Health Insurance – Step 1 Initial Meeting Call us old fashion but we believe it is important to sit down together and get to know in-person about your company. We want to know what challenges your business face. What are your company’s specific objectives when it comes to your benefit package? During this initial fact-finding we will ask you about what group health insurance plan(s) that you currently have. What are your current likes and dislikes? What is your current turnover and if you feel your current benefits package is attracting and retaining the employees that are most helpful for you to be successful in your industry. This initial visit also gives you a chance to meet some of our key brokers who will be working with your company. In the end, the group health insurance business is all about relationships and service. You might as well decide early on if you feel comfortable doing business with Economic Evaluation Group when it comes to compatibility of personalities.
Some Group Health Insurance Information that is Important:
• Current Group Health Insurance Plan Design and Rates
• Your Company’s Group Health Insurance Goals
• Depending upon the size of your Company the Claims Experience
• Employee Demographics Current Group Health Insurance Plan Design and Rates
This is used as a starting point. Based upon your current Plan design and the industry that you are in we can perform a Benchmark Analysis to see what other like kind employers of offering. The Benchmark Analysis will also let us know what the employer and employee cost strategies are. Group Health Insurance Company Goals
Obviously, if money was not a factor every company would select the best available group health insurance on the market. The reality of it all is that companies need to watch their bottom line and attempt to get the best quality health insurance for the value. We may want to offer several types of plans based upon a class basis or point of enrollment basis. Group Health Insurance Claims Experience
Depending upon where your company is located and the size or company claims may or may not be a factor. If Claims are a factor we would them to determine if there are any common characterizes. This could be useful in designing and implementing a Wellness program to promote healthy life styles. Employee Demographics
Group Health Insurance premiums vary across the country. Based upon our specific employee demographic and corporate structure we can determine whether we should be using one national carriers or integrate smaller local carriers. We need to make sure that our employees have good accessibility to plan providers.
Click here for a complete list of different types of group health insurance.
Group Health Insurance Step 2: An Accurate Employee Census
Your management or human resources department should provide us with a list of eligible employees. This list will have the employee identifying characteristics removed and it will be passed on to several insurance companies that we are getting quotes from. Depending on the type and size of the group this list might only contain the age and sex of each individual so that the insurance company can get an overview of the group makeup without seeing specific medical records and pre-existing health conditions.
Group health Insurance Step 3: Fact finding and Competitive Quotes
Once we better understand your company’s group health insurance needs we go back to our office and market your group based upon your specific goals and objectives. We market to every quality group health insurance provider that does services your company’s area’s. We review benefit decrements and modifications to assure the most competitive pricing. In addition, we will perform Physician Match Analysis in conjunction with Geo Access Analysis.
Group health Insurance Step 4: Recommendations.
The recommendations step is where the magic happens. There could be hundreds of combinations of group health insurance choices between price, co-payments, drug cards, deductibles, accessibility, and type of network. To just present all of the data to your company would cause confusion and frustration. Economic Evaluation Group earns its weight in gold by suggesting a handful of strategies and plan types that will provide the best value, price, and return-on-investment that fit into your company’s goals and budget. Group Health Insurance Step 5: Enrollment
As an effort to make your job easier, we work with your company and the chosen insurance carrier to make sure your employees are enrolled in the carrier system with the right insurance plans and receive insurance cards in a timely fashion. Some of our clients take advantage of our on-line benefits websites that provide valuable information to their employees about the group health insurance plans that your company has chosen. Group Health Insurance Step 6: Year-Long Customer Service
We believe that our job begins when you choose Economic Evaluation Group as your Group Health Insurance Broker. Through out the year, we assist your Human Resources Department and management with additions, terminations, COBRA notifications, Claims adjudication issues and we act as the intermediary between your company and your insurance carrier. Group Health Insurance Step 7: Fact Finding and Renewal
Just because the current insurance carrier was right for your company in the previous term does not mean that they are necessarily the right choice when it comes time for you to renew your policy. We do not take anything for granted and we re-submit your company to get competitive bids to insure you are still getting the best value for your money. Take action now and contact us. To properly implement a stress-free fact-finding and enrollment process it is best to start the process 90 to 120 days before your current group health insurance plan expires. Contact us now and begin the process of finding out if you can save money on group health insurance without sacrificing the quality of service. We look forward to hearing from you. Click here to read our informative article about "Top 10 Mistakes Made About Group Health Insurance.” I am sure you will agree that as an employee benefit, health insurance is not only important to your employees but is important to you and your family. As an employee benefit health insurance is likely the single most important service that you can provide for your company. | 
