For most school districts, quoting out health insurance is not a hard decision. Unfortunately, consistent rate hikes are the driving force.
Let’s take a deeper dive into quoting the process and what to expect…
Objectivity: Benefit consultants are expected to maintain current market knowledge related to benchmarking, carrier longevity, contribution strategies, and legislative changes. Receiving an alternative perspective will provide clarity and truth to your current cost control strategy.
Price Points: To the shock of many, price points with carriers are, many times, lower than that with MESSA, due to rating adjustments and different formulas. When a carrier’s underwriting team looks at each district individually, the adjustments made to that district are often more favorable.
Contract Comparisons: Certain provisions are exclusive to MESSA, and the ability to maintain those provisions may be unnecessary and costly for the group. As carriers continue to monitor healthcare and pharmacy trends, program offerings are kept reasonably priced through private exchange programs, member tools, rate caps, and prescription management – all without sacrificing the coverage for employees.
MESSA may be a fit today, but keeping a pulse on the opportunities is never a bad thing!