How we help clients with existing plans
JP Bascom Insurance provides all clients with ongoing plan analysis and consulting. You’ll know you have the right plan at the best price—not just in year one, but for years to come.
Examples of our value-added service:
We negotiate to get you the lowest premium. Most small company benefit plans are sold by insurance agents who don’t understand how insurance companies set premiums. They have no idea how much margin the insurer is taking. We do.
We provide quarterly premium projections. We let you know exactly how plan usage will impact future premiums. This is great for budgeting, especially if your budget year and plan anniversary don’t coincide.
We help you see beyond the lowest bid. Insurers have different bidding strategies for benefits plans. Some are very aggressive, but plan to raise premiums sharply in the second year. We know how to avoid this trap.
We look at all your options. Should you use ASO for funding your plan? Should you use health care spending accounts? Would cost-plus arrangements be a good option for your plan?
We know the competitive landscape. With 30 years serving small business owners like you, we’re in a great position to help you shape your plan to attract and keep top talent at the lowest possible cost.
We help you communicate your plan. Investing in new plan or a new benefit creates a lift in employee morale. But it doesn’t last. We’ll help you find ongoing strategies to communicate plan benefits.
Taxability Status of Premiums and Benefits. See what is taxable and what is not in this easy to follow table.
