Foundations of Value
More than half (55%) of employees consider health insurance through work to be an essential benefit, but offering it to them can be costly, complicated, and time-consuming. As an employee benefits Third-Party Administrator (TPA) with more than 25 years of experience in the industry, GBS knows how to develop cost effective, sustainable benefit plans.
Every organization’s needs are unique, but most insurance companies don’t have the ability to provide fully-customized options to their clients. GBS, on the other hand, does. Our industry expertise and emphasis on technology enables us to develop custom benefit plans for a diverse client base while maintaining a focus on a positive, personalized member experience and optimal clinical outcomes.
One common misconception about self-funded health plans is that the employer is financially responsible for 100% of the claims. Thankfully, when reinsurance is purchased this isn’t the case. We only work with top-rated reinsurance carriers to provide your plan with a number of options for plan protection. Our in-house experts negotiate with these carriers to ensure you receive the best possible protection at the best possible price.
When GBS designs employee benefit plan options, we evaluate several variables to ensure your plan is cost effective. We have access to a variety of PPO networks and reference-based pricing models to minimize claim payments. Likewise, we include many programs embedded in our workflows to facilitate cost reductions on as many claims as possible.
Chronic conditions such as diabetes, asthma, and hypertension can be some of the most costly therapeutic classes to treat and manage. To mitigate the costs of these conditions, GBS offers a comprehensive medical management service. This service provides care coordination to individual members and gives them the information and access to treatment options they need in order to make informed, proactive decisions regarding their health.
Understanding your healthcare benefits and how to use them can seem daunting. That’s why we supply our clients with informational materials on crucial, cost-saving benefits ideal for high-dollar therapeutic classes. We also offer benefit training sessions (including during open enrollment) to ensure employers and employees alike are knowledgeable about how to use these benefits.