Strategic Benefits Planning

Navigating the current benefits landscape is a daunting task these days.  Even with an experienced benefits professional by our side to help guide us, the picture can appear grim around enrollment time.

With annual premiums skyrocketing year after year, employers are left with tough choices to make in order to cover these exorbitant health care costs available in the marketplace. 

Do we have to downsize?’ 

‘Do we ask the employees to cover a higher % of the cost?’ 

‘What other options do we have?’

At SimpleWisdom, we will work closely with your current benefits professional and HR to ensure that you have the best plan that most closely meets the needs of your company as well as ensuring you are being proactive in looking at ways to save or mitigate costs.  Perhaps it is time to consider a self-insured group plan or look at a newer product such as a level-funded premium which is a hybrid between a fully insured and self-insured plan.  Many employers are now beginning to consider the emerging ‘medical captive’ option to save money on their group medical premiums.


We will also work to ensure your company financially benefits through emerging policies that will reward measurable company wellness results.  Although unexpected catastrophic claims can and do account for a large portion of the claims from most small-midmarket companies with between 50-999 lives, we believe prevention is always the best cure.  Our goal is focusing on moving the overall wellness needle off the entire group towards greater health.  Group health improvements that we can quantify and measure.  Improvements that we will not only show to C-Suite, but to your benefits professional or carrier in order to identify cost savings opportunities.

The tangible benefits of employee wellness program which directly result in economic savings can best be seen in these four areas:


1. Reduction in demand for medical services. Businesses that incorporate an employee wellness programs enjoy significant savings on medical expenses and other related costs.

2. Reduction in employee absenteeism. Simply put healthy employees miss less work. This is another factor that makes employee wellness programs a very cost effective endeavor.

3. Reduction in on-the-job injuries and worker’s compensation costs. Employee wellness programs that educate employees about workplace safety have fewer injuries on the job thereby lower worker’s compensation costs.

4. Reduction in Disability Costs. Healthy employees are less likely to require disability care. With employee wellness programs educating employees on health issues such as heart disease, diabetes, mental health issues and work related injuries, awareness leads to prevention.