21 Group Benefit *Ideas For 2021

 Part 1: Employer/Plan Sponsor Facing

1. Take A Serious LOOk at Self-Funding Your Medical Plan
2. Use A PBM (Pharmacy Benefit Manager) That Offers NO Spread Pricing Contracts & Returns ALL Rebates Back To Your Plan
3. Add An Alternative Funding Program To Save More On Certain High Cost Specialty Medications
4. Make Sure You’re Getting All Of Your Pharmacy Rebates
5. Add A Pharmacy Coupon Intercept Program
6. Add A List Of Generic OTC (Over The Counter) Medications At $0 Co-Pay To Your Pharmacy Benefits 
7. Incentivize Your Telemedicine Option With A $0 Co-Pay
8. Add In Non-Insured Benefits (Independent Of Your Medical Plan)
9. Make Shopping For Healthcare Easier With Provider Price Look Up Tools That Incentive Good Decisions
10. Use Concierge Medical Plan Services To Coordinate Care
11. Offer Genetic Testing As Part Of Your Benefits
12. Consider Adding Interventional Orthopedics Using Orthobioligics as a Covered Benefit
13. Consider RBR (Reference Based Reimbursement) Over Traditional Networks
14. Look At Narrow Networks For Steerage To Additional Savings
15. Negotiate Your Own Direct To Provider Agreements
16. Use A Mobile App That Serves As An All-In-One Benefits Platform
17. Make It Easy To Enroll In Benefits Via An Online Enrollment Platform
18. Take Advantage Of Your Group Buying Power By Offering Voluntary Benefits (e.g. High Issue Life Insurance With Long Term Care, Critical Illness, Accident, Disability etc.)
19. For More Benefit Design Options Consider An HRA (Health Reimbursement Arrangement) vs. HSA (Health Savings Account)
20. Review Short and Long Term Disability Coverages To Ensure They Meet The Income Needs Of Your Participants If They Ever Had To Use Them
21. Increase Your Dental Plan’s Annual Max To $5K!

*Please Note, Not All Will Apply To Your Specific Situation