Capital Group Benefits

Are your company's insurance renewals getting harder to budget for each year? Many employers are finding a better way to manage costs through self-funded plans. Unlike traditional fully-insured plans, self-funding ties costs to actual claims rather than fixed premiums—giving you real control over your healthcare spend. In our latest article, we discuss how self-funded renewals work and why they could be the key to more predictable renewals for your business. #EmployeeBenefits #Healthcare #HRLeaders #BusinessStrategy #InsuranceSolutions

The most effective healthcare strategy isn't about paying less—it's about paying smarter. Self-funded plans let you invest in your employees' health while maintaining control of your costs. When you understand the true drivers of your healthcare costs, you can make informed decisions that benefit both your employees and your bottom line. Questions about self-funded plans? Connect with us on LinkedIn to start a conversation about your company's healthcare strategy. #EmployeeBenefits #HealthcareCosts #HRStrategy #SelfFunding #BusinessGrowth #HealthInsurance #HRLeadership

To our clients who trust us with their teams' wellbeing: Thank you. To the HR leaders who work tirelessly to support their employees: Thank you. To every employee who helps us improve our service: Thank you. We're grateful to be part of your benefits journey, not just during open enrollment, but all year round. From our Capital Group Benefits family to yours, we wish you a warm and healthy Thanksgiving. #Thanksgiving #EmployeeBenefits #Gratitude #HRCommunity

Why document your insurance renewal responses year over year? When carriers tell you "healthcare costs are rising" or "this is an average increase," having historical data tells the real story: - Track your loss ratios across 3 years showing you've paid more in premiums than claims - Compare promised versus actual claims patterns - Spot inconsistencies in their demographic pricing models - Monitor your pharmacy rebate potential - Build clear evidence of carrier padding We've seen clients use 3 years of documented renewal meetings to save 15-20% by moving to self-funding - simply because they had the data to prove they were overpaying. Keep those renewal meeting notes. Your future self will thank you. #BenefitsPlanning #HealthcareStrategy #HRBestPractices #EmployeeBenefits #CFOInsights

You know the routine: Your carrier hits you with a 10% increase, you threaten to leave, they magically find a "better rate." If they can offer lower rates during negotiation, they could have done it from the start. #EmployeeBenefits #HealthInsurance #HRLeadership #BusinessStrategy #HealthcareCosts

A renewal isn't a number – it's a story. When carriers only show you the last page, you're missing chapters of savings. The truth? Most employers see their renewal as a single data point - the rate increase. But within those numbers lies a complex narrative of your employees' health needs, carrier margins, and untapped savings opportunities. #EmployeeBenefits #BenefitsStrategy #HealthcareCosts

Managing your health plan doesn't need to be complicated. Focus on the right data, keep your savings, pick your partners. That's how our clients cut millions from their benefits spend. https://lnkd.in/gQ6F7zFu #HealthcareCosts #BenefitsPlanning #HRStrategy

If you do backward somersaults to better manage your health plan, your savings shouldn't stay with the insurance company. It should stay with you, the employer. #HealthcareCosts #BenefitsPlanning #HRStrategy

Managing health plan costs takes straightforward action, not over-complicated solutions. Focus on the data, the funding model, and maintaining control, and you'll bring down expenses. It’s not rocket science—just sound information, a solid structure, and dependable partners to carry it through. Read the full article to learn more. #HealthcareCosts #EmployeeBenefits #HR

Mike Schroeder, Founder & President of Roundstone, reveals the exact methods their clients use to save millions on health plan costs. Speaking at the Smart Business Dealmakers Conference, he breaks down his 'secret sauce' into 3 practical steps - starting with pharmacy spend data most companies never track. Watch the full clip to learn more. #HealthcareCosts #BusinessStrategy #SmartBusinessDealmakers