If you feel you’re paying too much in premium to your health insurance company, this may be the solution for you. It’s a simple concept:

• Increase your plan deductible and/or co-pays, thereby saving substantial premium.

• Set aside a portion of the savings to fund the additional deductible/co-Pays, so your employees effectively retain the same benefits as before.

• Enjoy a potential savings in the tens of thousands of dollars!

The Equinox Agency performs HRA administrative services for our clients that have reimbursement policies at no cost to your company. With The Equinox Agency performing the administration, the client reaps the reward of reduced cost and no additional time administering.

This is an excellent way to significantly reduce insurance premiums without making the employee absorb the majority of the higher deductible, keeping in mind 80% of the cost is incurred by 20% of your employees. It doesn’t necessarily make sense to pay higher premium rates when 80% of your employees do not need dollar one coverage.