Employee Benefits Case Studies
Our experience, expertise, and proven creativity allows us to bring proven solutions resulting in cost effective, yet comprehensive benefits.
An example would be high deductible health plans, combined with a self-funded supplemental benefit. Then include flexible spending accounts and a premium credit for wellness engagement. As your benefit advisor we work with all major insurance companies to meet the diverse needs of employers and employees.
Thompson Miller, P.A.
2016
5.75%
2017
3.30%
2018
1.70%
2019
-4.00%
2020
.70%
2021
-2.00%
Average
.91%
Amuni Financial
2016
-26.30%
2017
-1.70%
2018
-3.60%
2019
23.40%
2020
-2.1%
2021
7.4%
Average
-.48%
Shorecrest Preparatory School
2014
0%
2015
10.20%
2016
1.36%
2017
0%
2018
0.50%
2019
-3.97%
2020
5.15%
Average
1.66%
New Nautical Coatings, Inc
2014
-7%
2015
3%
2016
0%
2017
10%
2018
0%
2019
3%
2020
4%
Average
1.86%
William G.K. Smoak, PLLC
2016
-4.13%
2017
-7.20%
2018
4.50%
2019
16.50%
2020
3.7%
Average
2.67%
The above employers actual case histories, utilized a combination of the following strategies:
- Much attention paid to getting the age 65+ participants off the group health plan, and on to a Medicare type plan
- Moving to a High Deductible Health Plan in combination with our unique Supplemental Benefit Plan (not a HRA, MERP or HSA) that can accommodate both employer and employee monies
- Flexible Spending Accounts (some with an employer contribution match)
- Premium credit for participation in a wellness incentive
