Professional Services Company in Buffalo, NY Benefits from Lawley Proactive Health

Overview

A local accounting and consulting firm in Western New York had been frustrated with their annual health insurance increases over the last few years and were looking for alternatives. Each year, they felt their healthcare benefits carrier would raise insurance premiums by double digits and were left with limited choices. Little information from the carrier was provided to justify the increases, with their solution being to suggest raising copays/deductibles to lower rates. The company was frustrated with this approach which had been used in previous years and looked to Lawley for alternatives.

Solution

Lawley’s employee benefits branch introduced a partially self-funded health plan solution using a health insurance captive. The company was always interested in self-funded health plans but assumed they were too small for one and that those plans were only available to large employers who had more than 500 employees. Lawley showed them the limited risk associated with using a health insurance captive and explained the great advantages of self-funded health plans, specifically, the great flexibility, transparency and control companies receive from a health insurance captive. With the added benefits of lower premium taxes, this solution appeared to meet their objectives of better control of health benefit costs and a better emphasis on controlling costs through innovative wellness programs.

“I’m happy to now have real access to our claims data that helps us manage our costs and helps us create a better culture of health and wellness.”

Results

Through joining Lawley Proactive Health, this professional services company saved 30% of their health insurance premiums in the first year of the program. They feel they have better control of their health insurance premiums now that they receive monthly reports showing how their premium dollars are allocated. The program has also helped this accounting firm to begin to create a culture of health and wellness. The Lawley Wellness Team and biometric screening program has raised awareness of how healthy behaviors can benefit the employees, their families and the employer and have led to healthier employees and a healthier bottom line.