At Next Level we understand the importance of your employee benefit package and what it means to your bottom line. For most companies this can represent one of your top 3 operating expenses. Whether you are the Owner, President, CFO or Head of HR, as a leader, one of your top priorities is to monitor the financial health of your organization. When one of your major expenses has no defined strategy cost can ballon and the overall value of one of your greatest financial assets, your company, deteriorates.

Over the years the benefits industry has trained companies at renewal that their premiums will go up, thus leaving you scrambling to decide:

These questions represent negative consequences to previous behavior, lack of control on how your plan ran the last year. Ultimately, as a leader, you are left asking how much more of this can we take?

We believe in educating company leadership to understand there are meaningful steps you can take now to control your next renewal. This is a radical shift in thinking and approach from the status quo to fix a broken system.

We help employers answer the following:

“At Next Level, we believe all companies should be able to purchase insurance the way large companies do. Our ability to bring large company purchasing power and strategies direct to employers of all sizes has proven to improve your bottom line and valuation of your organization.” – Danny O’Connell, CEO

We want to make benefits a benefit again. Which means, they have to be easy to use. Through our custom benefits app and paperless onboarding, we can improve employees experience and reduce the friction around open enrollment.

The scope of our practice goes beyond plan costs and incorporates a total support model. This framework helps companies in all facets of HR, benefits, and technology to deliverable more affordable solutions in a most effective manner.

• Mid-sized employer offered 3 plans, with the base plan being an HMO. The group received a renewal of 32% which their current broker got down to a 5%.

• Within 48 hours of our presentation, we secured an offer from a carrier their broker “shopped” and we got them a -25% overall reduction while offering all PPOs.

We were brought in when ownership changed. The company was spending $53,000 a month and half the company was on basic HMOs. The 1st year we lowered their monthly cost to $42,000 thus saving them $132,000. That year high claims and specialty medications cause them to run at 102% loss ratio. At renewal we secured a – 12% renewal with a 2-year rate guarantee and 1 month of their premiums waived thus saving the group another $155,000 which brought our 2-year savings total to $287,000.

After 2 terrible years of claims, a large company welcomed a 7% renewal. We got involved and secured a -10% renewal and 1 month free. In continuing to work with their existing carrier we were able to get a -10% renewal and 2-year rate guarantee, then secure an offer from another company with a -14% and 2 years of guaranteed $30,000 refund.

When is the last time your benefits agency brought you strategies to reduce your next renewal and what was your savings? Do they settle for a “no shop offer?” Do you?

At Next Level, we are proud of the valuation we put back into companies and we invite you to schedule a time with a team member to learn how we can bring similar solutions to you.

Contact Us to Learn How Our Strategies Drive Your Business to the NEXT LEVEL!

469.329.0777