Jason Signor

CEO Perspective: How Self-Insurance Slashed Our Healthcare Spending

By self-insuring our healthcare benefits, our small company is able to save 20 to 30 percent annually on healthcare costs. Our firm consists of 63 employees, most of whom rely on us for their healthcare insurance. Outside of payroll expense, healthcare insurance was our second largest expense as a company. From 2014 to 2018, our health insurance premiums increased 67 percent (or 17 percent on average per year).  The cost of our single employee’s PPO election increased from $380 to $805 per month and our High Deductible Plan increased from $409 to $627 per month.  The only reason the high… Full Story

Expert Opinion: How to Fix the Cost of Care Dilemma

Like most Americans, I am worried about the rising cost of healthcare, but the terrible news is that the real healthcare cost problem hasn’t even arrived yet. And like many people, I’m tired of our health insurance premiums going up. As a business owner, for the last few years I’ve had to make the tough decision of raising premiums on our employees, increasing deductibles, or having our company absorb the increase. Unfortunately, our company’s health premiums have gone up an average of 17% each of the last four years while maintaining the same benefit plan. A 87% increase in insurance… Full Story