Here at Robert Slayton & Associates, Inc., we believe in changing the conversation about benefits and your business. It’s NOT about giving you a spreadsheet and promising better service. It is about helping you as a business owner meet YOUR business objectives.
According to the latest 2016 survey of CFOs, controlling health care costs is one of the top three issues for 2016. Uncertainty surrounding ongoing healthcare claims and hidden health risks in your population make budgeting unpredictable and surprises can hurt the bottom line. What other agents aren't talking about is how to reduce the frequency and severity of claims TODAY, not 3 years from now.
There are specific ways, through a rigorous process, to treat medical insurance/medical costs just like any other product in the supply chain. We assist you to increase your EBITA, increase the CERTAINTY of what your medical spend will be, and ENHANCE your employees’ benefits experience. We take NO commission for your medical, but rather charge a fee where a portion is not guaranteed. That non-guaranteed portion is based upon meeting our mutually agreed to goal (usually of decreasing the medical spend). That way our objectives are the same as your objectives.
Qualified organizations can expect to add $1,000+ per employee per year to their bottom line by following our process.
Our secondary objective is to make sure you are meeting your compliance and fiduciary duties surrounding your benefits offering. Regardless of what the current President is trying to do, the Affordable Care Act is currently the law of the land. Furthermore, ERISA and DOL rules still apply regardless of any future changes.
We look at your benefits and analyze your data. Chances are that you are overpaying for prescriptions and paying for procedures that are not in the best interest of your employees. While beneficial, just implementing wellness programs, smoking cessation programs, raising deductibles, and moving employees to HSA plans is NOT the most effective way of cutting costs. Imagine paying for your diabetic employees’ medications and saving money. How about having a nurse have a real conversation about the best doctor to perform a surgery because, in almost every case, the best doctor is the least expensive. BTW, according to the Mayo Clinic, 30% of all diagnoses of a major health issue are either WRONG or are NOT DETAILED ENOUGH to create a treatment plan for. Do you really want an employee go through cancer treatment when they don't have cancer? It happens all the time. We help make sure this doesn't happen.
If you have a self-insured plan and do not know where the manufacturer rebates for prescriptions go, you may be in violation of your fiduciary duty and can be held personally liable (your D&O insurance will not cover this breach).
We analyze your 401k plan and can tell you whether you are overpaying, are in compliance, and whether the offerings are adequate.
We Sign a Mutual Non-Disclosure Agreement Your data and information is important and will not be shared with anyone not associated with our scope of work.
We are Professionals and Charge a Fee Unlike people just trying to sell you a product. We take a fee approach. That way you get an unbiased opinion. Plus, if you pay us a fee, it is much more likely that you will provide us with the information requested to do the analysis. Our fees range from $1,500 for most services up to $34,000 for a comprehensive review and shopping of your self-insured plan.
Money Back Guarantee If you don’t feel that we gave you more value than the cost of our services, we’ll give you your money back.
1.Occasionally, companies such as an insurance carrier will require a payment to release things such as claims data. This can be paid by you directly or, if paid by us, this portion will not be refunded. Refer to our contract for specific information.