Group Health Insurance
Growing companies often find themselves in a Catch-22: offer healthcare benefits to employees at often untenable rates OR lose the ability to attract and retain those employees for the long term. Does this feel a bit too familiar? Let Gulfside Protection help!
Our approach is unique in that we align our incentives with you to ensure we are all working toward a common objective: to provide the highest quality healthcare at the lowest possible price. As a member, you'll benefit from a cost-containment strategy for healthcare dollars that maximizes savings for the company. We all benefit from an intuitive platform that alleviates the burden of navigating the complexities of the healthcare system without sacrificing quality.
We invite you to explore the difference!
What We Do & How It Works
Fully Insured Plans
X Guaranteed acceptance plans that all employees are approved to participate in regardless of health.
X Accepting everyone the insurance company takes on is a "blind risk", which results in extremely high deductible plans.
X Even when employers help with contributions to the employee's portion of the plan, quite often the spouse and children are left with unaffordable monthly costs to be added to a family plan.
Self Insured Plans
X Employers operate and provide their own health plan as opposed to purchasing a fully-insured plan from an insurance carrier.
X Self-insuring exposes the company to much larger risk in the event that more claims than expected must be paid.
X Lack of predictability.
X Cost fluctuations can put a huge strain on the businesses cash flow.
Level Funding Plans
✅ Predictable costs: With Level Funding, companies pay a fixed monthly amount for their employees' healthcare expenses. This makes it easier to budget and plan for healthcare costs.
✅ Customizable benefits: Employers have the flexibility to customize their employee benefits package, including selecting the coverage levels, copay amounts, and deductibles. This allows employers to tailor the plan to their employees' needs and control costs.
✅ Return of premium potential: If employee claims are lower than the amount paid in premiums, some Level Funding plans offer a return of premium to the employer at the end of the year.
✅ Transparency: Level Funding plans provide detailed reporting and analytics, allowing employers to see exactly how much they are spending on healthcare and where the money is going.
✅ Risk mitigation: Level Funding plans provide protection against catastrophic claims by capping the amount an employer is responsible for paying in a given year.
Overall, Level Funding Group Health Insurance plans can offer cost savings and greater control for employers while providing comprehensive coverage for their employees.