THIS GUIDE WILL SAVE YOU MONEY ON YOUR GROUP HEALTH INSURANCE
Proven techniques on how to reduce health insurance premiums. For international businesses and non-profit agencies overseas helping you save tens of thousands of dollars.
Get insider tips and advanced strategies that others either don’t know, or won’t tell you, with no obligation
From Good Neighbor Insurance.
We have completely revised and updated the exclusive content in this 48 page guide Advanced Tips and Techniques: How To Reduce Health Insurance Premiums to save you even more on your international group health insurance premiums. It was written for international groups and businesses with: 1.) Employees overseas and, 2.) Some knowledge of insurance, underwriting and how insurance carriers work. 3.) Does not require you to be a client of GNI.
We have also created a free workbook to accompany this guide and included many practical items to help you immediately begin to implement this material easily and as part of an overall plan. It also includes a few very important additional articles that we couldn’t fit into this guide. Get both today!
We guarantee, if you are not currently implementing these insurance tips and money-saving strategies, you will save money by following these simple steps (on your own, or by calling Good Neighbor and letting us do it for you).
Once you submit the form you will get an email with a link to the downloadable .pdf – A confirmed email address is required for delivery, and a confirmation email will be sent to you immediately upon submission. Sometimes it is helpful to check your ‘spam’ filter or ‘junk mail’ if you do not see a “Thank You” email from us. Please confirm receipt and remember to check ‘NOT SPAM’ so you don’t miss any additional tips and updates to this guide in the future.
The articles in this helpful guide INCLUDE:
– Looking Beyond Premium
– Explaining, Encouraging, Enforcing Full Participation
– “Why are we getting this increase?”
– Advanced Tips and Techniques to Lowering your Insurance Renewal
– What about Older Groups? Aging Groups?
– Social Good organizations and Start-ups
– The High Cost of Pharmaceuticals and What You Can Do
– Renewal is the Time To Negotiate (if handled properly)
– An offer for our free accompanying workbook!
– Does It Matter? (Including specific examples and results of using this information)
This guide will help you negotiate, as well as understand what is negotiable. It will help you know when a rate increase is justified or unjustifiable. And know when an increase is solely based on trend or items you can control. Whatever the case, we help you control costs, understand how to create a truly sustainable plan (without switching!), and how to look beyond price when comparing quotes/options.
Don’t forget to download the companion workbook that you can use to track the items we discuss here, as well as your goals, calendar reminders, and more – To help you stay organized and have one place/one source to rely on when it comes time to discuss renewal.
Examples from the international group health insurance special report:
“Never choose an ‘off-the-rack’ plan. It rarely fits your people well and leaves money on the table.”
“Are your people all in one location? Then you will want to consider local networks, the quantity and quality of local providers and direct billing agreements in that area/country since that will result in real savings in claims, which will result in a lower renewal.”
“If you know that your members take more than a few medicines and you’re choosing or renewing a health insurance plan, look closely at your plan’s drug benefits. An Rx strategy should be a part of your overall plan design. Doing so will help with sustainability.” (We discuss strategies about mitigating the high cost of Rx in-depth in the guide.)
Here’s another simple way to quickly assess whether your premiums will be going up:
“Consider your claims history:
– Where are your members getting the majority of their care? In the U.S.? Outside the U.S.?
(U.S. based claims are one of the single largest reasons for renewal increases.)
– Are U.S. claims based on true need, or due to a “perception of better care?” (You should be trying to drive as much treatment overseas as reasonable while maintaining comparable high quality, Western-style medical treatment.)
– Cost to members in the U.S.? – Consider/compare different co-insurance and deductible options for U.S. based care.
– You may want higher deductibles and co-insurance in the U.S. to incentivize care outside the USA.
(Some groups purposely choose high deductibles in the U.S. to keep annual premium down and then offer reserves to offset U.S. costs to their members.)”
Note: This special report on international health insurance is for groups. If you are an individual looking to save money on your annual premiums, we can help. However, this report has information that is only applicable to groups with as few as two, up to two thousand employees overseas and will not work for individual policy holders. Thanks to our carriers, UnitedHealthcare Global, Aetna, and Cigna Global for helping make this guide possible!