I received a call from a frantic health insurance broker who told me he was out of renewal options for 2011 on a 23 man client he had had for 10 years.   Over that period, he had been “wrapping a $1500 deductible plan down to a $100 deductible version.   This year, his client was looking at a 26% increase!  He refused to risk the claims exposure with a higher deductible “wrap” and was begrudgingly  moving his valued employees to an HMO.

We visited the agent and offered a two staged solution.  Stage one: move the group to the existing carriers’ new $4,000 deductible PPO HRA plan.  His renewal premiums dropped $72,000!

Stage two: we recommended enrolling an $8,000 medical GAP plan with Bonus Critical Illness and Accidental Injury plans.  These new coverages fill virtually all deductible gaps, plus provide a robust additional benefit safety net for all employees and their families.

These moves saved the Client $46,000 PLUS earned the agent $4,000 MORE Commission!  Take a look at the summary sheet for costs and then look at the great new benefit plan being offered.

If you aren’t showing GAP medical insurance to your clients and their employees, they are paying too much, you are earning too little and the client’s employees are paying for deductibles you could have eliminated.

I call GAP medical insurance the “whiz bang” product for 2011.  Let us give you a proposal on your next renewal and make you a believer.

 Contact Chelten Benefits Group for a GAP proposal for your next 2011 renewal.  248-464-6544.  www.CheltenBenefitsGroup.com