A small group early stage recruiting firm from Michigan had little time to consider employee benefits when they first opened their doors. They were planning on doubling over the next few years and needed to build and execute on an employee benefit and health insurance strategy to retain their existing talent and attract other top people in their competitive industry.
Background
- 10 employee sized group of high end consultants looking to substantially grow their business
- Relatively young and healthy group that received a renewal of 10%+ from their existing fully insured carrier
- Needed help with developing a long term strategy to setup a competitive benefits package at the best possible rates
- Proactive, rather than reactive, plan to effectively manage their costs and have a roadmap for the future
Results
- Followed the Bluestone process by first conducting a series of discovery calls to understand their business, employee benefit needs, current health insurance setup, and growth plans
- Developed a market analysis from various carriers including level funded options and guided the discussion to a recommended set of solutions
- Implemented a level funded solution that has saved them $10k+ with flat year over year renewals
- Built out a roadmap to continually revisit and modify as needed while their company grows and needs change
