Managing the costs of employee benefits while still providing robust resources for your employees can be a challenge. If your insurance agent just gives you a few quotes to compare, you might not be getting the best plans for your team.
Recently, Chris Noffke and his team at WisMed Assure met with a health care clinic that offers benefits for employees and has been struggling with rising premiums. Their agent had been showing them health insurance quotes, but not looking at strategies to reduce costs. WisMed Assure was able to find an option for them that saved almost $20,000 without reducing benefits for their employees. By using unique funding options, they were able to reduce overall premium costs without increasing costs for employees.
As the Wisconsin Medical Society’s insurance agency, WisMed Assure is a niche insurer specializing in insurance for health care professionals. Our team understands cybersecurity needs for health businesses, medical professional liability coverage and exactly how a disability insurance policy needs to be written for a physician. And WisMed Assure has unique contracts available only to their clients.
To illustrate the power of the niche programs WisMed Assure has built for WisMed clients and members, they recently worked with a small health care practice that received a group disability quote from another agent with a 4% reduction in renewal pricing. That may have looked good on the surface, but with the same top insurance carrier, due to WisMed Assure’s volume and relationship, they were able to offer a 5% decrease with a 3-year rate lock. The savings to this client from working with WisMed Assure were substantial.
When you work with WisMed Assure, you’re not alone in the insurance process. They’re hands on and help you with:
- Open enrollment materials
- Benefits booklets
- Claims and payment issues
- Help you use your money more wisely
Don’t deal with the average agent, talk to a professional dedicated to physicians. Please contact Chris Noffke, Vice President, Employee Benefits, WisMed Assure, at [email protected] or call 608.442.3734.
Note: This article is for informational purposes only and should not be considered as insurance advice related to your specific policy or situation. Please consult with a qualified insurance advisor or professional before making any policy decisions. Full disclaimer and contact information.
Originally published in the Antidote December 6, 2023.
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