Full-Service Insurance Agency ClaimLinx

What a Full-Service Insurance Agency Can Do for You

ClaimLinx prides itself on being a full-service insurance agency. We offer employer benefit consulting, group health insurance, supplemental insurance, and individual plan consulting. Our dynamite set of services goes beyond what an ordinary health insurance agency does, such as just writing insurance policies once a year. ClaimLinx explains what a full-service insurance agency can do for you in today’s blog.

Year-Round Consulting

Many health insurance companies only consult with you when you’re shopping for a plan for your workers. That process may take less than a month, and then you don’t hear from the insurance agency until next year when the overall plan renews. ClaimLinx does things differently as a full-service insurance company. We offer year-round consulting to save you money on health insurance as an employer-paid benefit.

Making Money on the Savings

Traditional insurance companies typically make money on fees paid to them when they create the initial policy. That’s not how ClaimLinx does things. We earn money on the savings you generate. Our team works with you to choose excellent health insurance coverage melded with a medical expense reimbursement plan (MERP) to lower your costs. We only accept a fee after you save money. 

Superior Customer Service

If you have questions, feel free to contact ClaimLinx at any time. We respond to your questions, comments, and concerns about health insurance as an employer-paid benefit. Our expert team consults with you year-round, explains health insurance coverage in full, and includes complimentary elite services for our clients. You receive a lot more than just health insurance from our full-service insurance company. You get an entire team backing you up as you strive to deliver a great benefit for your employees without spending your entire HR budget.

Talk to ClaimLinx

Stop settling for an average health plan when you have a better solution. Partner with ClaimLinx, a full-service insurance company that lets you make the most of your options. Call toll-free (800) 858-1772 or contact ClaimLinx for more information.

Employer-Paid Benefits ClaimLinx

Common Employer-Paid Benefits That Increase Employee Retention

Employee retention is a delicate balance for small businesses. You want to offer competitive wages and benefits while maintaining cost-effectiveness within your human resources budget. Better retention rates can lower your onboarding and hiring costs, which is why employee retention is a vital aspect of your business model. ClaimLinx explains common employer-paid benefits that increase employee retention.

Health Insurance Benefits

A survey by Willis Towers Watson stated healthcare benefits, including insurance, were the most important reasons respondents stayed with an employer when it came to employer-paid benefits. Nearly half of respondents, or 45 percent, in the 2012 Attraction and Retention Survey cited health benefits as an essential reason to stay there. A Glassdoor survey in 2015 also touted health insurance as valued by 40 percent of respondents. Health insurance continues to be a valuable retention tool when keeping employees with your firm.

Retirement Benefits

The Willis Towers Watson survey also revealed 35 percent of employees said retirement packages were important sticking points. Glassdoor said 31 percent of its respondents liked retirement or pension plans. Consider a 401(k) plan or custom-designed retirement plan for your workers when it comes to employer-paid benefits. 

Time Off

Paid time off, flexible schedules, and family leave are all vital benefits that have value for employees. Surveyed workers wanted extra vacation time that accrues every pay period. Flexible work schedules give parents the ability to spend time with children, run errands, or attend school functions for the kids. A 2019 survey from the Work Institute shows work-life balance concerns are increasingly important for workers. Family leave, paid or unpaid, is an important factor when parents begin to take care of newborns. ClaimLinx can help you develop a health insurance strategy that works with your other employer-paid benefits to optimize your costs.

Education

Education benefits can mean company training or tuition reimbursement. This employer-paid benefit comes in handy for workers seeking a promotion, a raise, or even better job satisfaction. Earning a college degree is one way workers can improve their quality of life while reducing their costs. Consider reinvesting in employees who graduate by increasing their responsibilities or promoting them.

Cost of Employee Turnover

The Work Institute states the cost of employee turnover is $15,000 per person. When you think about how much money you spend on employer-paid benefits, having the right ones in place can lower your turnover costs. In a highly competitive job market, retaining employees is more critical than ever.

ClaimLinx and Employer-Paid Benefits

ClaimLinx is home of the ClaimLinx Simple Option Solution. Our team utilizes a holistic strategy that blends health insurance coverage from a national carrier and a self-funded medical expense reimbursement plan (MERP) for optimal savings. Contact ClaimLinx or call toll-free (800) 858-1772 for more details. 

ClaimLinx saves small businesses $4.5M on health care in 2018

Insurance consultant finds innovative solutions to reclaim dollars for employers

BOSTON, Dec. 31, 2018 /PRNewswire/ — Health insurance consultant and agency ClaimLinx saved small business owners a total of $4.5 million on benefit costs in 2018 using its unique strategy for purchasing insurance.

For more than 15 years, ClaimLinx has been pioneering ways of saving small businesses money on benefits. In 2018, the company reached new records of savings for employers, cutting costs by 20 percent or more within the first year of a business starting its program and keeping renewal rates below 5 percent in following years.

Tom Quigley, National Benefit Consultant, said partnering with ClaimLinx is simply about the numbers.

“It all comes down to a math problem,” he said. “Do you want to pay more to an insurance company, or do you want to keep more in your pocket?”

The trick is ClaimLinx combines two types of insurance: traditional coverage from a major carrier and self-funded reimbursement coverage from the employer.

First, ClaimLinx helps companies choose a high deductible health plan from a major carrier, which includes access to a wide provider network and a stop-loss in case of high medical costs from an employee.

Then, ClaimLinx customizes a medical expense reimbursement plan funded by the employer to return benefits employees need, such as copays and a lower deductible.

The resulting plan saves business owners thousands of dollars per employee because they are paying only for services rendered, rather than prefunding major carriers’ bottom line.

In 2018, insurance companies reported strong growth, already amassing an estimated $47 billion in global profit by the end of the second quarter, according to analysis of company documents by Axios media company. 

Where these premium funds end up can be a mystery for employers, but not so with ClaimLinx. The self-funded plan enables employers to track utilization, a useful tool for the future when cutting unnecessary or misused benefits.

Christy Quigley, President of ClaimLinx, wonders how small businesses continue to afford high healthcare costs. Average premium rates for a family plan from a major carrier reached $19,616 in 2018, according to the Kaiser Family Foundation Employer Health Benefits Survey.

“As a small business owner myself, I don’t know how companies keep up with premium rates without finding a solution like ours,” she said.

Contact: Whitney Faber, (617) 892-4655
wfaber@claimlinx.com
www.claimlinx.com

View published release here

ClaimLinx reclaims thousands of dollars for consumers

Business pioneers strategy for employers to pay less for company health plan

CINCINNATI, Dec. 20, 2018 /PRNewswire/ — As health plan premiums rise nationally, so too do insurance companies’ earnings, but one local business has found a way to return some of those would-be profits to consumers.

ClaimLinx is a consultant, insurance agency and third-party administrator specializing in an alternative strategy for purchasing health insurance that saves companies money while delivering quality benefits.

Nationally, insurance companies reported strong growth in 2018, amassing an estimated $47 billion of global profit by the end of the second quarter, according to an analysis of company documents by Axios media company.

Not all of that money is being funneled into improving care or services. Insurance companies spend only 80 percent of funds collected in plan premiums on actual medical care, as required by the Affordable Care Act.

Packed into those huge premium bills are charges for administration, marketing and company profits for share-holders. That’s thousands of dollars each year being given to insurance companies instead of being spent on what workers really need: quality medical care.

Tom Quigley, National Benefit Consultant at ClaimLinx, says buying traditional health plans leaves a lot of money on the table, an especially difficult prospect for small businesses where profit margins are slim.

“It’s really a shame, because people are really just giving all this money away to health insurance companies without even realizing it.” 

So ClaimLinx abandons traditional methods of purchasing health insurance. Instead, it shows clients how to combine a high deductible plan from a major carrier with a self-funded medical expense reimbursement plan. 

The plan with a major carrier offers a wide physicians network with discounts for services and a stop loss in case of high medical costs. The medical expense reimbursement plan offers the ability to add a lower deductible and better cost-sharing measure for services, like copays.

Christy Quigley, President of ClaimLinx, compares this strategy to other types of coverage.

“People have car insurance, but they don’t buy it for $40 oil changes. Imagine how expensive it would be if it did. We use the same concept for health insurance.” 

This two-prong strategy allows small businesses to restore some of its health care dollars to its employees by delivering better benefits at a much lower price. 

Contact: Whitney Faber, (617) 892-4655
wfaber@claimlinx.com
www.claimlinx.com

View the published release

Insurance agency maintains low premium rates for clients

Health benefits consultant finds a solution for rising insurance costs

NORTH CONWAY, N.H., Dec. 19, 2018 /PRNewswire/ — While many health insurance agencies are delivering sour news to employers about rate increases or the prospect of cutting benefits, ClaimLinx is delivering low rates for quality health plans to all of its clients.

Premiums for employer-sponsored health plans for 2019 increased by an average of five percent nationally reaching a staggering average rate of $19,616 for a family plan, according to the 2018 Kaiser Family Foundation Employer Health Benefits Survey.

However, ClaimLinx insurance agents were able to keep its clients’ rate increases below the national average using its unique strategy for purchasing benefits. What’s more is employers using ClaimLinx’s methods pay substantially less overall because they save 20 percent or more within the first year of implementation.

National Benefit Consultant, Tom Quigley, said his team of insurance agents and consultants is willing to do anything to keep plan costs low.

“It’s all about the numbers, but you have to be creative or you’re going to end up paying more,” he said.

For this reason, partnering with ClaimLinx can be a substantial step to taking back control of a company’s benefits, especially important for small businesses where margins are thin and rate increases can be crippling.

Over the past 10 years, premiums have increased twice as fast as wages so that while insurance costs on average 55 percent more, workers earn only 26 percent more to pay for it. When both employer and employee are being squeezed, savings become significant for both.

ClaimLinx specializes in guiding business owners through the insurance market as a full-service consultant, insurance agency and third-party administrator to help them purchase the best, most affordable health plan.

Their solution combines traditional high deductible insurance plans with a customized self-funded medical expense reimbursement plan. The resulting plan enables employers to offer top-notch benefits at a much lower cost.

The company’s founders pioneered the solution more than 10 years ago, when they first saw rates climbing. President and Owner, Christy Quigley, said since then they have been refining their strategy for delivering quality benefits at a low price.

“We really just want to help people save money on their health insurance,” she said. “It’s as simple as that.”

Contact: Whitney Faber, (617) 892-4655
wfaber@claimlinx.com
www.claimlinx.com

View the published release