There are many ways to set up Health Insurance and Employee Benefits for Start Up companies, and it really depends on how strategic you want to be. Another thing to consider is the “benchmarking” of the Employee Benefits and Health Insurance offered by other similar companies in your industry. Being creative does NOT mean that you have to sacrifice what you offer….actually its the contrary. When you become a bit strategic and begin thinking about Health Insurance and Employee Benefits for your Start Up like an investment, it changes your approach. Health Insurance and Employee Benefits for Start Ups becomes more of a “financial plan” rather than an expense.
Health Insurance and Employee Benefits for your Start Up is an investment
When people change their thinking about Health Insurance and Employee Benefits it takes on a new meaning. Benefits for a company are many times the second most costly line item right beneath wages. It’s amazing how many HR Directors, CFOs and the like, have no strategy in place to help mitigate much of the cost. At Brauer Insurance we specialize in strategizing Health Insurance and Employee Benefits for companies in a way that helps them bend the cost curve, sometimes very substantially.
Health Insurance strategies for HR Directors and CFOs
HR Directors and CFOs are always looking for ways to do things better. With Employee Benefits and Health Insurance there are many ways to “get creative”. The days of Employee Benefit Brokers showing plans and just suggesting that you move to a cheaper plan, or having the employees pay more are over! HR Directors and CFOs want more from their brokers. Anyone can show you plans….that takes no skill at all. If your broker does not have an actual strategy that they can show you on paper, or come up with solutions to bend that cost curve, maybe it’s time to speak to a more aggressive Health Insurance agency.