HR professionals face a persistent challenge when it comes to employer-sponsored healthcare: finding a balance between providing quality health benefits to employees and managing the financial impact on the organization. For Nina, the Human Resources Director at Todd Wenzel Automotive, this scenario was familiar.
With four locations across Michigan and a staff of over 350, Nina is responsible for ensuring that her employees have access to quality healthcare while also managing the company's bottom line. It's a delicate balance, but one that Sympl Benefits has helped her navigate with success.
Nina shared a story about an employee who needed surgery and was worried about how much they would have to pay out of their own pocket. This concern was mirrored by the company, which as a self-funded employer, would bear the brunt of the cost.
Enter Sympl Benefits. By leveraging our expertise and innovative approach, we were able to reduce the surgery bill from a staggering $20,000 to a much more manageable $9,000 - a reduction of over 50%. "It was a win-win," Nina explains, "with big savings for us as the employer and zero cost to our employee."
Innovation in Plan Design
For Nina, what sets Sympl Benefits apart is our approach to plan design. "As someone who is always evaluating plans, I haven't found anyone else offering what they do in terms of cost negotiation and savings," she remarks.
One of the standout features of our approach is our ability to deliver zero-dollar procedures. This not only helps with employee retention and satisfaction by eliminating out-of-pocket costs but also significantly reduces expenses for self-funded employers like Todd Wenzel Automotive.
The savings realized through our innovative strategies free up valuable resources that can be invested in other initiatives to support employees, rather than being swallowed up by escalating premiums year after year.
Advice for Fellow HR Professionals
When asked what advice she would give to other HR professionals, plan administrators, and company owners facing similar challenges, Nina is unequivocal: If you're seeing the same increasing costs and deductibles year after year, it's time to do something different. Sympl Benefits can help you lower your costs while increasing benefits for your employees.
A Beacon of Change
In an environment characterized by escalating costs and declining value, Sympl Benefits stands out as an innovator committed to reversing this trend. By bringing much-needed competition and innovation to the marketplace, we are not just reducing costs, but redefining what is possible in employer-sponsored healthcare.
For employers who feel trapped by the status quo, we offer a way forward - a path to better, more affordable healthcare for their employees and a healthier bottom line for their business.
As Nina's experience demonstrates, the journey to navigating healthcare costs effectively begins with a partner like Sympl Benefits - one that understands the unique challenges faced by HR professionals and has the expertise and innovation to overcome them.
Want to learn more about how Sympl Benefits can help your organization navigate healthcare costs? Connect with us on LinkedIn or visit our website to get started.
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