1.
Qualification
The Affordable Care Act allows insurance carriers to underwrite health insurance plans with medical claims data for employers with more than 50 employees. Because of the ACA, it puts employers with 50-500 employees at a disadvantage because they are large enough to be underwritten with claims data, but, in the past, too small to utilize all supply chain management strategies. That being said, our firm has established relationships with vendors to allow businesses with as small as 50 employees to take advantage of the strategies that large employers have the benefit of using.
2.
Cost Analysis
C. B. Wood Financial is not a traditional insurance brokerage firm. Like a fiduciary for a Retirement Plan, we act as an independent advisor to our client's Benefits Plan. We will analyze your plan and it's cost structure to forecast the long term health care spend of your company. There are times that employers are underpaying for insurance. In that case, we will put in place monitoring systems to trigger the right time to move the plan. But, if your company is like most and you are overspending, we will layout a project to build your firm a customized solution with guaranteed savings.
3.
Consulting Project
Now that we’ve analyzed your data, it’s time to pinpoint and diagnose potential risks. We will develop targeted strategies and strategic solutions to address these challenges. Our underwriting team then incorporates these strategies to deliver the most competitive and effective rates for your plan.
Address
1000 Johnnie Dodds Blvd.
Ste. 103-109, Mount Pleasant, SC 29464