We understand the challenges your business and your employees face today. As medical costs continue to rise, both parties are suffering the financial strain. A recent article published in The American Journal of Medicine showed that 62.1% of bankruptcies were due to medical bills. This was an increase of 49.6% over a six year period. 92% of these had medical debts over $5000, or 10% of pretax family income. The rest met criteria for medical bankruptcy because they had lost significant income due to illness or mortgaged a home to pay medical bills. Most medical debtors were well educated, owned homes, and had middle-class occupations. Three quarters had health insurance. By partnering with Cypress Associates, you gain access to knowledge, insight, integrity and commitment. Your existing plans will be reviewed, marketed, implemented, and maintained with a standard of service unmatched in the industry. We pride ourselves on being proactive and innovative in our approach to define your health and welfare benefit needs. To ensure you receive the highest quality benefits and an affordable solution, our services are broken down into three comprehensive phases:
Phase I: Analysis and Marketing
• Review existing health and welfare benefits offered by your company
• Collect necessary data and requirements to market your company to carriers
• Analyze any special contract options to benefit your company
• Provide education on current legislative policies that pertain to your benefits platform and company’s financial budget
• Prepare a side-by-side plan and cost comparison
• Recommend any plan changes that could increase attendance, productivity and revenue
Phase II: Negotiations, Implementation & Communication
• Develop a concise list of preferred carriers
• Review the provider comparisons with you
• Analyze and negotiate final rates from carrier
• Assist in final carrier selection process
• Prepare carrier information and a summary of benefits
• Implement all plans and assist with transition for your company and employees
• Provide communication materials and conduct employee enrollment meetings
Phase III: Ongoing Services
• Continued service throughout the year
• Consultant review of industry trends and future rate actions
• Resolve employee claims or billing issues with internal Claims Specialist
• Assist with late enrollee and new employee educational meetings
• Inform on legislative changes that affect employers and employee benefits
• Prepare your renewal analysis prior to policy renewal
