If you’re looking for tips to reduce your company’s health plan costs, you’ve come to the right place.
The health plan represents one of the biggest business investments. In addition to offering support to employees, the benefit is an attraction for new talent, strengthening the company’s image in the job market.
However, this benefit can mean a high cost if the plan does not meet the company’s financial reality. The ideal is to define a balance between promoting employee health and maintaining a plan that fits within the budget.
Six tips to reduce health plan costs in the company
Prevent, before it needs to be cured
Invest in programs that encourage employees to take preventive health care. The lower the incidence of health problems, the lower the number of times employees will need to use the plan. Some actions that you can develop in the company:
- anti-smoking campaigns
- Lectures on the prevention of STIs (sexually transmitted infections)
- Nutritional assessments
- Labor gymnastics
- Encouraging physical activity
- 24-hour psychological support
Make employees aware of the use of the benefit.
Some people tend to see a medical professional several times, in a short period of time, even if they don’t need to. Or they don’t save the test results, having to perform them again. This contributes to the increase in claims, an index generated by the relationship between the number of procedures performed by the beneficiary and the amount paid by the company to the health plan. That is, in business plans, the loss ratio is the result of the use of the benefit by all employees. Therefore, using the plan consciously means that the value of the readjustment by loss ratio can be lower.
Analyze the possibility of joining the co-participation
An alternative to reduce health costs in companies is to adopt the co-payment system, in which the employee assumes a part of the payment for less complex consultations or procedures. With this, the company gains with the evident reduction of a fraction of the costs, but above all, it encourages the conscious use of the plan. They have to pay, even if only a small part of the amount, the user will assess the real need for each use and also inspect the service provided by the providers.
Reevaluate your service network
If the accredited network of your current cms plan is very extensive, but with little use by employees, you can opt for a smaller network, maintaining the quality of service. For example, if your company does not have employees who travel for work, instead of hiring a national plan, you can choose a regional plan.
Before the readjustment, make a new quote.
It is important to always keep an eye on the health market; after all, several plans appear every year. It is possible that, currently, there is a health plan that better fits your company’s profile, both from a financial point of view and in terms of service. The ideal time to change plans is before the annual adjustment. But the change must be planned and studied in advance, as operators, in general, ask for a notice of 60 days to cancel the contract without penalty.
Get a reliable insurance broker.
The insurance broker is the most qualified professional to help you choose the perfect plan for your company. In addition to guiding you in choosing a health plan that meets your expectations and does not make you sick when paying the monthly fee, the broker will be able to clarify all doubts after hiring.
Barela has been in the insurance market for over 25 years, providing individual, business, and family quotes. Talk to one of our consultants, and we will help you with this choice.
