Did you know that health care expenses (and education expenses) have increased at three times the rate of general inflation over the last 40 years?
While C.M. Smith can't work economic miracles, in our 35+ year history we've worked with all forms of health insurance coverage, from to HMOs and PPOs to High Deductible HRA and HSA plans. We know the dynamics of health care pricing, and how to leverage our knowledge to benefit our clients every day.Let us help analyze your medical insurance plan. The success we have in lowering the pace of increase can have a powerful impact on the bottom line.
- We maintain significant blocks of business with the largest health plans licensed to operate in Connecticut including Aetna, Anthem Blue Cross Blue Shield, CIGNA, ConnectiCare, and UnitedHealthcare.
- Our reach extends beyond Connecticut. We provide advice to clients with employees across the country. In fact, our customers purchase over $100 million of health care outside of Connecticut, so we know the vendors in all major markets and can leverage this expertise to our clients' advantage.
We view the health insurance program as a vehicle to improve your employees (and their dependents) health, rather than simply be viewed as a reimbursement model when people get sick. The data from “best performing” employers gives a clear path to improved value from your health plan. The best practices include *:
- Understand, support, and demonstrate the business value of workforce health
- Ensure that leadership support and disciplined execution are firmly in place
- Establish business-focused goals to ensure that health investments deliver a health dividend and measuring the program’s success
- Building action plans to address gaps and opportunities
- Engaging employees and promoting a culture of health
- Creating a sense of shared responsibility and employee accountability for health and cost management
- Designing programs that support transparency and create meaningful incentives for health behaviors/choices
- Investing in a broad range of current and emerging health management approaches and technologies
- Supporting employee needs for risk management and planning appropriately for health expenses in retirement
- Building connectivity across health-related programs and vendors
* Source : Tower Perrin 2010 Health Care Cost Survey
Let us help analyze your medical insurance plan. The success we have in lowering the pace of increase can have a powerful impact on the bottom line.