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How to keep your company’s premiums in check

Posted by Julio Iturriaga

Employer-sponsored health insurance costs are on the rise, as high as 20%. Premium increases are attributed to different factors, and identifying those factors can help companies avoid those increases.

Let us s​how you how you can save 15-30% on your company's total medical  costs. 

Premiums are calculated based on anticipated cost of claims, fixed fees, claim trends, catastrophic claims, and how these claims match with their insurance company. After comparing new and old rate plans to find the proposed rate change percentage, determine what factors could impact your premium rate.

First, take into account your employer size, 100 or more covered employees means your claims data is factored into determining the rate. Next, analyze the variable cost—does your company need to look at alternative funding strategies, self-funded medical contracts, or switch to a plan or carrier that better matches your company’s situation. Reviewing your high claims from the last few years can also help determine costs for the future. The nature and frequency can help determine how you need to adjust for future expenses. For example, companies with long-term expenses might want to look into wellness and prevention programs, or changing their plan design.

Posted by Julio Iturriaga

Julio Iturriaga is the manager of Sales and Business Development for Kelsey-Seybold Clinic.

Our team is committed to promptly and expertly managing all your inquiries and providing you with the exceptional service that you expect and deserve. To get started, complete a Get a Quote form. We will contact you within one business day or you can call the KelseyCare Get a Quote Line at 713-442-3456.

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