Stop losing your top talent to competitors with better employee health insurance.
Whether you are currently providing benefits to your employees, need a better way of managing costs, OR are looking to provide benefits to your employees as a new offering, we’ve got you covered. is a next-gen health care platform that empowers small business owners to control and predict costs, save money and attract and retain the top talent.
We simplify navigating employee health insurance, ensuring you and your employees get the right services from the right partners at the best possible price. In doing so, we offer our clients the ability to do three things:
Discover tools and systems that control costs and keep premiums in check all while guiding members to great care.
Our high-touch, cost-efficient platform offers employee health insurance plans that save members on deductibles and drug costs.
Attract and retain top talent with our wide range of affordable white-glove health benefits solutions.
Our core plans are specifically designed for the unique needs of small businesses. We offer the following level-funded plan types.
Our experience in all aspects of healthcare provider-based services allows us to design and develop a platform that is both employer and employee-friendly while allowing us to continuously provide you with the analytics necessary to help you make smarter decisions about your business and how to operate it most cost-effectively.
At its most basic, the marketplace for health benefits consists of three offerings: But what’s really the difference?
Traditionally, when people talked about insurance, it was “Fully Insured”. The employer or its employee pays a premium to the insurance company in return for paying future “covered” medical claims that are beyond the “out of pocket” maximum (the amount that employees and their families will pay for that service). The totality of risk for the medical claims is borne by the insurance company. As insurance is a for-profit industry, the insurance company must cover its risk and make money. As the cost of medical care increases, so too do the premiums. In fact, according to the latest Kaiser Family Foundation Report, average annual employee contributions to premiums and total premiums for single coverage have risen nearly 22% over the past 5 years.
On the other end of the offering spectrum from traditional insurance are self-insured plans. These health benefits plans are created by and for the employers that fund them. In most instances, an employer will then hire professional actuaries, a plan administrator (a third party administrator) to manage the plan and contract with a reinsurance (or Stop-Loss) carrier to cover claims above a certain cost. This Stop-Loss insurance comes at a premium for the employer. In almost all instances, small businesses (those with less than 499 employees) find it difficult to predict with any accuracy.
Over the past 15 years, a middle ground between “self-funded” plans and “traditional” insurance has emerged. These “level-funded” health plans are a fairly simple type of self-funding that are designed for small businesses. Plan providers (such as Detego Advisors) establish a Third Party Administrator and get approved by a stop-loss carrier who agrees to cover claims above a certain amount. As these plans don’t need to be rated at a community level (as is the case with traditional insurance), level-funded health plans generally cost less and minimize the risk to employers, but only if the TPA knows how to balance cost-control with excellent healthcare and customer service.
Why spend more money only to lose your top talent to a competitor with better employee health insurance? Detego Advisors provides a higher quality health plan at lower price. Detego Advisors is a health care platform that empowers small business owners to control and predict costs, save money and attract and retain the top talent. Let Detego Advisors give you the edge you need to win the talent arms race.
Connect with our small business health insurance consultants to learn how you can start saving money with enhanced benefits for your team.
Request a quote or schedule a call with one of our team members.
Review your options and select the best plan for your team.
Feel confident knowing your team is covered.
Let our team find the perfect plan for you and your employees.
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Let our team find the perfect plan for you and your employees.
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