Episode Details

Steve Watson is a licensed CHRO and tenured CFO. He cracked the benefits nut and helped his company enjoy over $500,000 per year of benefits savings and out-of-pocket costs that are 20% lower for the employees than they were 9-yrs ago—with the same or better benefits.

During this show, we discuss:

• How much it costs to offer insurance to employees

• Why employees can get insurance way easier through their employer

• Using GoodRx to get the lowest price on prescriptions

• How do you find an insurance plan that pays you back when the insurance isn't used

• How rebate plans work and why you should know about them

• How to break the rising trend of employee health insurance cost

• What you should do if you get a hike in your employee health insurance

• How to know if you are getting the best insurance benefit at the best cost for your employees

• How you can leverage your health plan to drive more value to your business

• 5 myths about the health insurance industry and how it drives up your costs

• How the system stacked against you

• Simple steps you can take to get the best insurance deal for your business and employees

• Why most brokers fail at effectively stopping the hiking prices of HI for small businesses

• 5 key things you can do to drastically lower the cost of any insurance policy

• How to uncover the best insurance strategies for your company based on its goals

• Other insurance that typically hikes its prices affecting the flow of funds for your business

• 5 things you must look out for when considering an insurance plan for your business

• How to effectively tackle insurance challenges in a way that can reap high for your business

Show resources:

https://www.trendbreakers.com/

https://www.linkedin.com/in/steve-watson-cpa/