Strategies For Reducing Health Plan & Employee Benefit Costs

What Folks Wanted To Know! Employers, Brokers & Consutants wanted to know more about Eureka!!'s 4 Part "Quad" and how the Strategies work together to reduce costs while enhancing the benefits with No Takeaways?       Here are the 4 Part of the "Quad": 1) Defined Contribution - For the entire benefit plan - Not just retirement plans. How it works? 2) Reference Based Pricing - How it works & Overcoing "Balanced Billing" 3) Worksite Benefit Choices - How we customize & build a menu of benefits?4) Education, Communication, Enrollment and Data Management Processes - How Eureka!! cost-effectively works with employers to empower employees and coordinate with the providers of plans, programs and services?       In this Post I'll cover "Defined Contribution" and then each of the other three in subsequent Posts!       About Defined Contribution - How it works for the entire benefit plan - Not just Retirement Plans! Here'...

Where are the Cost of Providing Health Plans going?       The Bad News - Health Plan Brokers are telling Employers that their Plan costs will be skyrocketing by 9% for 2025! (These increases are substantiated by SHRM, AON & Mercer!) The average cost in 2025 is expected to be between $16,000 and $17,600 per employee!             Note 1 -  The increases are anticipated to be even greater for smaller Employers!       The Good News - My Companies, Eureka!!'s & VestaBP, provide Sustainable Solutions for reducing Employers / Employees Health Plan and Employee Benefit Cost by 20% to 40% - With No Takeaways.      Our Solutions are called the "Quad" --  Check out the image below!   In Addition to the 20% to 40% Savings – Here's What Employers Gain: ■ A Greater Return for the Employer's and Employee's Invested Benefit Dollars ■ The Ability to Budget Benefits Year-to-Year ■ Reduced Time an...