Control Your Costs
IAA tames your benefits in no time. We start by comparing your current costs to common market
practice to see how you size up. When there’s room for improvement we
suggest benefit plan designs that are more cost effective. Employees
are more likely to pay
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attention to costs if they don’t have to struggle with access, so we
make sure you’ve got a provider network that has doctors in their neighborhood.
Once we have data, we’ll also analyze your claims and prescription experience to see if your plan
design matches your actual usage patterns.
Some companies want even more control over benefits and a tighter rein on costs. Consumer directed healthcare
plans can be the solution. You decide what you want to cover and how much you want to fund
employees’ routine and preventative expenses
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through Health Savings Accounts (HSAs) and Health
Reimbursement Accounts (HRAs). IAA will help you set up these accounts — which give your employees a bigger role in managing their
discretionary costs. You may also want to consider a comprehensive
High Deductible Healthcare Plan (HDHP) that covers serious
illness at a lower annual premium.
Self funding is another option that delivers exceptional cost control, especially for small and
mid-sized companies. After all, the first cost you eliminate is the carrier’s profit margin. IAA can show you how you can achieve substantial financial advantages, as well as more flexibility in plan design, by self funding your healthcare benefits.
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