If you’re an employer with 50 to 250 employees, chances are your health insurance renewal has become something you dread. Year after year, costs go up—but transparency and control don’t. It’s a frustrating cycle we call the fully insured treadmill, and it’s why more forward-thinking companies are stepping off. At PF Compass, we help businesses rethink how they finance and manage employee health benefits. One of the most effective tools we offer is a self-funded captive model—a proven strategy to take back control, manage risk more efficiently, and even recoup money you’re currently handing over to insurance carriers. Let’s walk through the key challenges—and the smarter solutions available. View Infographic/Print Download The Problem: Escalating Costs, No Control Healthcare costs continue to rise faster than inflation, with annual premium increases outpacing wage growth and business revenue in many industries. But what’s driving these increases? As an employer, ask yourself: Do I know what’s actually driving my annual premium hikes? Am I rewarded when our company has a good claims year? What long-term strategies do I have in place to contain healthcare costs? In most fully insured plans, the answer is the same across the board: No control, no reward, and no transparency. When you’re fully insured: You pay high, fixed monthly premiums—regardless of your employees’ actual healthcare usage. Your benefits are bundled and standardized, with little room to customize. Your insurer pockets any savings from low claims years (and your pharmacy rebates, too). It’s a one-sided deal. The Solution: A Smarter Model for Smarter Employers A self-funded captive health plan flips this old model on its head. With PF Compass guiding the process, you can: Pay only for what your employees actually use. You fund a claims account and use those dollars only when care is accessed. If claims are lower than projected, the unused funds stay with you—not the carrier. Share risk with like-minded employers. By joining a captive—a pooled group of employers—you gain the scale and protection of a larger group without sacrificing control. You’re not going it alone. Unbundle and customize your benefits. Design medical and pharmacy plans that reflect your team’s real needs. Choose networks, plan features, and vendors that work for you. Reclaim pharmacy savings....
Read MoreWe are excited to announce our relocation to a new state of the art 4,000 sq. ft. office, centrally located at 440 US 22E, Bridgewater, NJ. The space was designed by SNS Architects & Engineers, PC and features a large conference room, a small break out room with video conferencing functionality, two mini-offices for private conversations and large open floor plan. “Our goal was to create a beautiful new space to continue facilitating team collaboration and an enhanced working environment. As we expand our business we felt it vital to offer a first class space to host our local client and vendor meetings, while also integrating cutting edge technology to communicate with all clients” said Partner Brian Honan. Brandi Bowers | Benefits ConsultantPF Compass Employer Guidance & Benefit Solutions 440 Route 22, E., Suite 190Bridgewater, NJ 08807Tel (732) 258-1032...
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