For large companies, health benefits constitute one of the largest accounts. Furthermore, the annual adjustment of health benefits does not follow the adjustment for inflation used to plan other expenses in the budget. As the management of these benefits is not the company’s core business, these annual negotiations are most often conducted without technical input from health and insurance professionals.
It must further be considered that the remuneration of existing brokerage firms in the market is derived from increases in these benefits accounts.
As a Third Party Administrator, we can provide unbiased recommendations for the best plans, taking into consideration the network, access, reimbursement, and regionalization in alignment with the company’s policy and strategy.
Our experience shows that investment in these benefits must be correlated with greater efficiency at work, and improved organizational climate and corporate health.