Often when we think about reducing costs we think about cutting down on what we are purchasing. When it comes to benefits plans this could mean adding plan maximums or reducing coverage. Before you make any changes to your benefits plan please consider these other actions that can be taken to reduce the cost of your plan.
If you have been experiencing increases on your Extended Health and Dental at renewal time you will have heard about how your claims experience impacts your rates. Encouraging employees to consider the following when making decisions about their health and dental expenses, can help cut down on claims experience without cutting down on benefits.
These simple measures can help lower the dollar amount in claims being paid under your plan. Lower claims help control premium rates from increasing at renewal. If you are interested in learning other ways to lower the costs of your extended health and dental benefits plan, please contact us today.