Health Insurance Return of Premium

How many times have you thought the insurance companies cannot be correct on the way they arrive at the premiums our company pays? Especially our health insurance!

After all, we don’t feel our utilization is anywhere close to the amount of premium we pay. We look at our claims, expenses and the premiums paid. What a huge difference! Oh by the way, our premiums continue to escalate at an alarming rate each year.

Our solution is to provide you a plan that would provide the best features of a self funded plan and fully insured plan by balancing the control and information employers want with the financial predictability and protection employers need. Plus employers benefit from the claim savings through year end credits when claims and expenses run favorably.

A Return of Premium Plan will benefit your organization in the following areas:

1.     Control and Information-Reports that will demonstrate how your benefit dollars are being spent

2.     Portfolio of Cost Management Tools-Disease management and wellness programs to help manage benefit costs and improve employee health and productivity

3.     Premium Predictability -Monthly premium payments that do not fluctuate, making it easier to budget health care costs

4.     Protection-Providing individual, aggregate and termination protection in one complete package

This program will enable you the employer, to add this strategy in controlling future healthcare plan increases.

When you combine Health Insurance Return of Premium with other potential areas of savings that we discover in your benefit plans, the end result is an improved bottom line for your company!

 

 

ABOUT RANDY SINK, EMPLOYEE BENEFIT PROFESSIONAL

 

Primary Roles

Randy’s expertise includes Health and Life Insurance, Retirement Plans and Executive Benefits.

Experience

Prior to joining Kelly Insurance, Randy has served as Vice President of Marketing at Blue Cross and Blue Shield of Virginia. He brings over 25 years of experience in the employee benefit industry.  As a licensed consultant in Health and Life Insurance, Randy has authored many articles on employee benefits.

Community Involvement

Active in Rotary, Boy Scouts and numerous community service organizations.

Achievements/Awards

Randy has received numerous awards from his accomplishments and dedication to the Employee Benefits Industry. His professional designations include Certified Health Consultant (CHC), Life Underwriting Training Council Fellow (LUTCF), Chartered Benefit Consultant (CBC) and Certified Retirement Plan Specialist (CRPS).