GBS Arizona – An Expert in Captive Insurance
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For companies today, there are a multitude of challenges to being fully insured. Costs continue to increase, fully insured carriers end up keeping profits in the good years, and limited access to data makes it hard to address the needs of your employees. While it can be scary to go self-funded on your own, with the expertise of GBS, your company can set up group captive and cost-containment strategies to ditch fully insured health plans for good.
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Benefits of Moving to Self-Funding
From 2000 to 2022, the percentage of workers in self-funded plans grew from 44% to 65%, driven by growth among mid-size employers. This means that if your company has 50-999 workers, you might want to consider self-funding with the support of GBS. Here are just a few of the benefits of group captive:
- Cost Savings
- Customized Plans
- Improved Cash Flow
- Improved Risk Management
- Tailored Stop-Loss Policies
- Higher Job Satisfaction & Engagement
- Reduced Medical Costs
- Increased Access to Health Education & Resources
- Improved Health Literacy
- Improved Health Outcomes
Affordable Employee Benefits – Our Four-Step Strategy
Not only does GBS take over all your captive insurance needs, but we also provide cost-effective employee benefits at low costs. With our proven four-step strategy, we take the time to understand your company and find ways to help improve your employee benefits.
Find the Best Partner for Your Benefit Plans
We pull from over 55 partnerships to help you find the best benefit carrier to meet your company’s needs. Our team brokers benefit plans for you in the areas listed above.
Save Money with Company Health Data
We use actuaries and data scientists to monitor your company’s health data continually. With this information, we find ways to help you cut medical costs while still offering the benefits your employees need.
Help Employees Maximize Benefits
If your employees haven’t been maximizing their health care benefits, we can help. We show your team how to enroll and make the most of the benefits you’re offering.
Introduce an Effective Company Wellness Program
We know that your employees’ mental and physical wellness is important to you. That’s why we help you build an effective company wellness program that increases productivity, enhances morale, and lowers medical costs while helping everyone be healthier.
GBS FACTS
Contact GBS Benefits for your Employee Experience!
- How to lower your overall health care costs
- How to make sure you are compliant with current HR laws and regulations
- Implementing a wellness program in your company
- Streamlining your enrollment process