Health and Benefit Insurance Plan Cost Optimization
It can be difficult to optimize health insurance and benefits coverage. SIB navigates the evolving risks and complexities to secure plans at the right price.Download the Info Sheet
Protect your business and bottom line with an average savings of $1,500 per employee per year.
Lower health insurance and benefit plan costs
Analyze every aspect of premium calculations to drive lower costs
Expose hidden fees, costs, commissions, and supplemental arrangements to decrease overall benefits and insurance spend
Pay for only what you need
Access objective, data-driven guidance
With our expertise in business operation and workers compensation policy, we can tailor your coverage precisely to your needs. Take advantage of a fast, low-touch, non-disruptive, data-driven service delivered by independent fiduciary advisors and insurance audit experts.
We facilitate the data request and return with an initial opportunity report that identifies the target savings range, specified initiative, and proposed speed to capture. Our team handles sourcing protocols, specifications, negotiations, change management, and contract optimization. You get an equity or better benefit plan with significant cost savings for the company and employees from our in-house insurance premium auditor. Ongoing supplier audits, improved visibility and reporting provide governance and controls for an accurate audit process.
Better control the cost of risk with a comprehensive and strategic approach that reduces risk exposure and effectively manages the related costs, including workers compensation and general liability. Our unique and effective business model ensures predictable, repeatable, risk management success.
Reduce employee benefits costs without negative consequences for the employer or the employee. Companies save an average of $1,500 per employee per year without cost-shifting to employees or reducing benefits.
We work within the structure of time-sensitive deals to ensure that insurance is non-issue or low touch for buyers. We accurately predict the post closing cost of risk and identify exposures of the target company to avoid surprises. We can also help integrate these and an additional premium, into an existing program.
Our team of experts help private equity firms analyze employee health insurance and benefits across portfolios. Our team creates aggregated reports to provide a comprehensive overview comparing company gross sales and spending across the portfolio or across industry verticals.
See How We Can Help You Spend Smarter
Get started easily and quickly with a no-risk, comprehensive evaluation of your vendor transaction history, and put our market intelligence and industry expertise to work.Contact Us