Health/Medical Insurance

Group Health Insurance is the most common benefit offered by employers, as well as the most expensive benefit. Traditionally, most health insurance plans provide comprehensive coverage with relatively low out-of-pocket expense to the employee. Although Base and Buy-Up combinations are becoming very popular. Newspapers, magazines and medical economists alike refer to the skyrocketing cost of medical care and health insurance. If this trend continues, virtually all the big benefits consulting firms indicate there will likely be some radical changes to our health insurance system in the next 10 to 15 years. The 2003 Towers Perrin Health Care Cost Survey indicated that 57% of the large and medium size firms surveyed were uncertain as to whether they would even offer Group Health Insurance 10 to 15 years from now.

As an independent agency, Summit Financial Group can provide satisfying insurance plans from a wide variety of financially sound group health insurance companies and Third Party Administrators (TPA’s). Since the group health insurance market is in a turmoil, often described as a crisis, we are always on the lookout for quality, service-oriented insurance companies with the proven ability to be creative as they apply the various cost conscious tools our clients deserve. Let us help you get the most for the substantial health care dollars you and your employees spend each year.

Note: In order to spend $1.6 Trillion per year in our entire health care “system” arena, we must spend slightly over $3,044,140 per minute per year (not including leap year).

Let us come alongside you and your employees and start the detailed planning for your group insurance success as early as possible. Too many firms fall into the stressful category of those who do “Too Little Too Late”. This does not have to be the case for your Group Program.