Multiple employer organizations continue to survive and thrive, even in the face of mounting new rules and regulations as well as unprecedented economic and social instability. The best news is that excellent programs can help drive your organization’s performance by increasing membership and providing consistent revenue. Keep reading for more on how your company can benefit from multiple employer health plan solutions.
Multiple Employer Health Plan Solutions
Such a solution handles the development and management of insurance programs for entities such as say, unions, military, alumni groups, education, and a host of other professional and trade membership organizations.
How Can They Help?
An effective multiple employer benefits team will bring together health benefits and association pros to assist you in getting the most you can for your members. It will do this through novel healthcare programs that can improve organizational performance by increasing membership and value, and by providing consistent royalty-based revenue.
What About Mercer’s Offerings?
Good question. You likely know that Mercer has more than 65 years of experience in this area, which is vitally important nowadays. It has deep knowledge and expertise in developing and managing insurance programs for PEOs and other entities.
Mercer Affinity insurance can improve your existing health plan or trust or introduce an entirely new offering. If that’s what you’re looking for, Mercer has what it calls a Best Practice Bundle, which takes care of consulting, brokerage, and administrative services.
Note that this all be accomplished in a multiple employer market that’s pockmarked with a plethora of rules and regulations. That’s not easy to pull off. However, opportunities do abound, since 93 percent of associations do not yet provide an association health plan, and 92 percent of associations of them say they’re mostly concerned about compliance.
Can You Tell Me More About Affinity Insurance Offerings?
Yes. Affinity Insurance can:
- Support recruitment and retention efforts. In today’s evolving business environment, it’s crucial that you do everything to get a leg up over the competition. That means obtaining your benefits through an association health plan, employer welfare arrangement, small group or trust offering, or a master healthcare plan.
- Provide coverage to small organizations. For these, Mercer can offer insurance that covers health, dental, life, worker’s comp, property, vision, and professional liability.
- Provide coverage to students. Here, provisions can include student and short-term medical insurance, term life, renter’s property insurance, and prescription discounts.
- Provide coverage to professionals and family. Mercer Affinity offers individual health insurance, yes, but it also offers professionals and family members long-term care, life, disability, dental, professional liability, accident, travel, vehicle, and home insurance coverage, in addition to legal services.
So, how can your company benefit from multiple employer health plan solutions? By bringing association and health and benefits professionals together to help you provide top value to members through creative healthcare programs.
We believe that Mercer has some best solutions available that will help you attract and retain members during this disruptive and uncertain period. After all, now more than ever, worksite employers need their professional employer organizations to help manage employee risk and total rewards strategies.
What Mercer offers is vast experience in the creation and management of insurance programs that can improve employee retention as well as sales and can take care of process mapping and unearth efficiencies.
Don’t get left behind on this. You do need a formidable affinity between you and your membership that can adapt as changes abound, and that can help you to stay on top of and navigate what’s becoming a labyrinth of regulatory changes,
