How to Save a Fortune on Health Insurance
The Business Credit and Financing Show · Ty Crandall
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Show Notes
Steve Watson is a licensed CHRO and tenured CFO. He cracked the benefits nut and helped his company enjoy over $500,000 per year of benefits savings and out-of-pocket costs that are 20% lower for the employees than they were 9-yrs ago—with the same or better benefits.
During this show, we discuss:
• How much it costs to offer insurance to employees
• Why employees can get insurance way easier through their employer
• Using GoodRx to get the lowest price on prescriptions
• How do you find an insurance plan that pays you back when the insurance isn't used
• How rebate plans work and why you should know about them
• How to break the rising trend of employee health insurance cost
• What you should do if you get a hike in your employee health insurance
• How to know if you are getting the best insurance benefit at the best cost for your employees
• How you can leverage your health plan to drive more value to your business
• 5 myths about the health insurance industry and how it drives up your costs
• How the system stacked against you
• Simple steps you can take to get the best insurance deal for your business and employees
• Why most brokers fail at effectively stopping the hiking prices of HI for small businesses
• 5 key things you can do to drastically lower the cost of any insurance policy
• How to uncover the best insurance strategies for your company based on its goals
• Other insurance that typically hikes its prices affecting the flow of funds for your business
• 5 things you must look out for when considering an insurance plan for your business
• How to effectively tackle insurance challenges in a way that can reap high for your business
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