When Premium Increases Stop Making Sense

Tim Ellis, managing partner at GlobalTec in West Michigan, remembers the moment clearly. His healthcare broker delivered the news about a 31% premium increase.

For a manufacturer with 300 employees across three locations, the math was brutal. They were already spending about $10,000 per employee with high deductibles, and now they were facing another steep jump.

"The reality here is that healthcare is difficult to manage and to navigate, both as an employer and an employee," Tim says.

What made it worse were the limited options. Just the same cycle every employer knows too well.

When GlobalTec partnered with Sympl Benefits, something different happened. By building relationships with local healthcare facilities, we helped them get to under $7,000 per employee with lower deductibles and better coverage overall.

Tim puts it simply, "When's the last time that somebody came to you and said, 'Hey, instead of a premium increase, we're gonna lower your premium?' That's huge, especially when all my costs are going up each year, to have somebody come in and say, 'Hey, we're actually gonna be part of your solution in 2026, we're gonna lower the price of healthcare while continuing to offer high quality for your employees.'"

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https://www.symplbenefits.com/