At JHG Benefits we view our role as an extension of our client’s Benefits Department. In addition to providing complete ongoing service, we are able to leverage the best value possible for our client’s Group Health & Welfare Benefits and Retirement Plans. The fact is, if you are negotiating directly with insurance companies or third party administrators, you may not be getting their most competitive price on all or many of the components that make up the actual premium.
 
In addition to the above considerations, JHG Benefits has successfully accomplished the following on behalf of our clients:
 
  • Negotiated a reduction of $1,200,000 in premium for a disability reserve buyout enabling client to eliminate a FAS 112 liability of $3,400,000
  • Implemented self-funded health plans that generated client savings of $200,000-$800,000 annually and provided better plan design flexibility
  • Negotiated large group life contracts resulting in $100,000-$500,000 in annual premium savings
  • Initiated and performed client billing audit that identified client over payments totaling $15,000 per month
  • Reduced large claim laser on specific stop loss and lowered third party administrator fees resulting in 30% savings on annual renewal
  • Discovered, pursued and obtained a delinquent $65,000 stop loss insurance payment
  • Negotiated rate extensions on insurance contracts beyond the traditional 12 month period
  • Secured fully insured contracts for financially unstable entities
  • Facilitated managed care contract negotiations with various carriers for newly acquired health care facilities
  • Substantially exceeded industry underwriting standards by obtaining an increase in guarantee issue life insurance maximum
  • Advocated on behalf of client’s employees in resolving high dollar amount claim issues
 

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707 Skokie Boulevard, Suite 600, Northbrook, IL 60062
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