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Good Neighbor Travel Insurance Blog

Group Health Insurance Renewal Sustainability – Insurance and Rx Claims

June 22, 2017 By : Administrator

We have a new guide coming out late Summer/early Fall that addresses insurance and Rx claims. And it is going to save you a lot of money on your international group health insurance.

Why should you care about the spiraling (dare we say “out-of-control”?) costs of prescription drugs, injectables, pharmaceuticals and Rx? Because of its direct impact on your annual health insurance premiums.

Everyone in healthcare is talking about this – Insurance and Rx claims.

At one of our last events, insurance and Rx claims was a topic of serious discussion. Yet most H.R. Managers and CFOs shrug their shoulders when asked what they can do done/are doing to specifically address the issue.

SO, we’ll be addressing insurance and Rx claims head on in our all-new ADVANCED TIPS AND TECHNIQUES TO SAVING ON YOUR GROUP HEALTH INSURANCE RENEWALS. It’s a free 40-page guide and one of four guides in our series on how-to save and manage your international group health insurance. Coming out this Fall. It is going to cover a lot of topics to help you save your organization money at your next annual renewal. Can’t wait? Call Pei in our Group Department (480-813-9100) for guidance on structuring your plan. (Story continues after image)

We specialize in overseas healthcare. And overseas, your exposure is MUCH HIGHER to Hepatitis, to infectious diseases, to Zika, bird flu and other epidemics. Working with the poor, working to improve the lives of people overseas, working in community health or education can increase your exposure to the need for ultra-high cost drugs that can really hurt you at renewal time. Your staff overseas needs to be protected and taken care of, no question. But the organization needs to be protected too. From unsustainable rises in coverage costs.

Do you know what kind of prescription provision is included in your plan? Is prescription drug a costly item? Are you interested in controlling the cost? And what can your carrier do for you?

In the long run you need an Rx strategy as part of your overall plan design. It will ensure long-term sustainability for your group health needs. It can also mitigate Rx claims which impact your renewal increases. Doing so will result in premium saving for everyone on your plan and in your organization.   (Story continues after image)

Advanced tips and techniques regarding insurance and Rx claims and benefits is just one part of our new 40-page guide.

Our guide will also address:

  • How-to Encourage/Enforce/Explain the importance of Full Participation in your plan,
  • Looking for Value vs. Premium,
  • About Older groups, Aging groups and rising needs,
  • Social good businesses and Start-ups incl. planning to insure local nationals and third-country nationals,
  • How-to Negotiate – Winning strategies and what works when negotiating at renewal, and more.
  • For more, see contents page below, but ignore the page numbers as this is only a mock-up/draft copy

We will be adding an order form on the site soon, but for now, if you’d like to learn:

  1. How we save groups tens of thousands of dollars every year on their insurance renewals
  2. How we consistently buck trends and stay under trend (usually less than half of trend and for the majority of our groups – way under trend)
  3. How we negotiate and what won’t work when negotiating at renewal
  4. What we do, that other brokers either don’t, or don’t know how to do

Give Pei a call at 480-813-9100 or drop us an email at group@gninsurance.com and pre-order our upcoming free guide (Because we only print a limited quantity. Of course, the eBook version is always available)! When you email group@gninsurance.com, let us know your name, title and address (If you want a printed copy mailed to you). It would be helpful to know your organization as well.

Get our other three guides in the series here:

How To Choose Good Group Health Insurance: what You Need to Know
How to Run and Manage a Sustainable Group Health Plan
Self-Funding Your Group Health Insurance: Is it for you?

We also have two other resources available at www.gninsurance.com/group in the right hand column:

Whitepaper: “Do we need a broker?”.pdf
Special Report on “Understanding ‘Trend’ and how it affects your renewal rates”

See some of the anticipated content of our latest Special Report, new and improved, below! (Ignore the page numbering as this is just a mock-up.)

Administrator

Search Results

IMG Patriot Group Travel Insurance

August 29, 2016

IMG Patriot Group Travel Insurance is one of our premium overseas team medical insurance for our clients heading outside the U.S.   This group travel plan also provides non-U.S. citizens with coverage outside their country of residence and country of citizenship. Where can you get more information about this great overseas group travel plan? You may […]

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Wellness programs for group insurance in the U.S.

July 3, 2013

The U.S. government has completed the regulations for wellness and reward programs.  This is for all group (employer based) insurance as well as all self-insured groups starting on 1-1-2014. The final regulations confirmed the maximum wellness reward amounts that will be allowed. The maximum wellness program reward is 30 percent of the total cost of […]

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International personal liability on our Day Tripper overseas travel insurance

October 10, 2016

International personal liability on Day Tripper overseas travel insurance is one of the added benefits that have been added to this individual and short term team travel insurance this year. Our team at GNI are very happy to introduce three added benefits to our Day Tripper international travel insurance to you, our guests! To get […]

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Get the Same Peace Corps Insurance that the Peace Corps Use

July 10, 2017

Congratulations to IMG for being awarded the Peace Corps Insurance / Health Care Benefit Services Contract. IMG is one of the top international medical insurance companies in the USA.  Here is the link with the story on this great IMG achievement –  http://allafrica.com/stories/201704180909.html. Good Neighbor Insurance was one of the few brokers invited by the […]

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Point Comfort Short-term Team Travel Insurance

April 24, 2017

What’s the number one liability of any organization that sends people overseas? Whether it’s a place of worship, faith-based organization, student group, volunteer group or any group traveling together, it’s not having group international travel medical insurance that includes evacuation coverage. You never know when one of your team members might break a bone or […]

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How to save at renewal time

January 16, 2017

How to save at RENEWAL time – Made Easy Some tips on how we are helping other groups save at renewal and maintain under 5% renewal rates year after year – Does your broker perform like this? If not, get our free guide here: https://www.gninsurance.com/group-health/free-report-how-to-reduce-health-insurance-premiums/. We also have a free workbook we created to help you put […]

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