"...BCG Advisors saved us $160,000 the first year. Their help in controlling costs and giving us ideas and insights as to what is driving healthcare premium increases and what we can do to minimize them is greatly appreciated...."
Controller – Humane Society

Solutions to Increasing Healthcare Costs

The BCG Advisors Unique Approach

Designing a successful benefits package, within budget, to compete in today's competitive business arena requires innovative and strategic solutions. Our advisors, considered the best-of-the-best in the insurance industry, provide innovative ideas and unique solutions to minimize healthcare and benefits costs without sacrificing benefits.

Our resources, including more than forty insurance carriers and vendor partners, guarantees our clients get the most competitive premiums in the marketplace. The following is our systematic yearly approach to lowering our client's healthcare and benefits costs:

  • Evaluate existing employee benefits program including current costs, premium funding, financial budgets, detailed claims utilization and employee payroll deductions;
  • Establish one, two and five year benefits strategy;
  • Evaluate employee satisfaction surveys to gain valuable insight to employee's needs
  • Provide all carriers in the marketplace with a detailed Request for Proposal (for groups of 50+ employees) outlining our clients goals and objectives;
  • Negotiate renewal premium reductions with the incumbent carriers (50+ employees);
  • Design innovative solutions based on the results of the detailed marketing;
  • Provide benchmarks of the current program vs. proposed options in a detailed analysis (see below);
  • Evaluate all vendor proposals and provide objective unbiased recommendations
  • Coordinate an enrollment and communications strategy to maximize our client's return on investment

Valuable Information to Make Informed Decisions

" ...Your company's knowledge of the medical insurance field is outstanding...."
Controller - Handcraft Manufacturing

At BCG Advisors, we understand that most small businesses are not aware of all products and services available to them. We constantly study the marketplace to provide our clients, in an easy to understand format, every feature of every program; how it will affect them and their employees. We find it imperative that small businesses understand this valuable information to make informed decisions. Our proposals and analysis include the following:

  • Financial/Premium Analysis: An evaluation of total monthly and yearly premiums charged for all carriers broken down by employee along with the cost savings to our client on a monthly and yearly basis.
  • Benefit Analysis: We provide a line by line comparison on the features and benefits offered by each carrier and plan. We also highlight differences in features and benefits for each plan so our clients can easily and thoroughly compare their choices.
  • Network Analysis: Along with providing network directories, we include a spreadsheet for all carriers, which shows the number of Primary Care Physicians and GYN's in each network, broken down by carrier. We also provide a list of which hospitals are in each network.
  • Disruption Analysis: If you can provide us with the specific doctors your employees are using, we will match doctors with specific networks and give you the percentage of doctors participating in each network. Going a step further, we list which doctors are participating; and those who are not participating.
  • Quality Analysis: BCG Advisors includes in their analysis which insurance carriers rate the best in quality and service based on unbiased research conducted by industry leading rating agencies and state governmental agencies