“Add a margin then gift it back when necessary………………Age old marketing trick we used in the 70’s and early 80’s when working for a national health insurance company. We always had 5% in our back pocket. Some things never change.” – Bill Rusteberg
SOURCE: Nava Benefits
Unlock Hidden Savings: The Cost-Saving Power of Carrier Credits in Employee Health Plans
“Carrier credits are reimbursements provided by insurance carriers that are designed to offset employee benefits costs. These credits can appear as reductions on your monthly invoice or as funds allocated toward wellness initiatives for your employees.
Carrier credits can come in different shapes and sizes, depending on your group size, plan selections, or renewal agreements. It’s smart to check in on potential credits during a few key moments throughout your plan year. It’s also important to communicate with your benefits broker on the best plan of action to ensure you’re informed about any available credits.
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