Offer awesome benefits to your incredible employees
Grow Your Business
Improve Your Bottom Line
Do your insurance benefits make you feel like you’re stuck between a rock and a hard place?
We see it all the time: Well-meaning business owners and management teams want to attract and retain top-notch employees, so you commit to offering the best health insurance options possible. You find a health insurance broker, pick a plan, and then . . .
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Realize the annually increasing costs of offering health insurance is hampering the growth of your business.
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Waste time and energy every year navigating open enrollment and decisions on what to cut and what to keep.
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Find your employees don’t like the coverage you provide and look for other jobs
How much are your health insurance problems costing you in time, energy, and wasted money?
You Deserve Better
At MAGIC Health Insurance Solutions, we’re a health insurance broker and consultant here to help you think about your health insurance differently. We’re sick and tired of seeing small businesses be held captive by the increasing costs of health insurance. It is our passion to help you take back control of this out-of-control expense and show innovative ideas and strategies that help you keep your hard-earned revenue, grow your business, and improve your bottom line.
We’ve helped companies save as much as $5 million dollars on their insurance spend without sacrificing quality benefits for employees. What could you do with that kind of budget surplus?
The MAGIC Difference
We Don’t Work On Commission
We hate to put it bluntly, but the insurance companies could care less about you. You are simply a small stream of revenue to help them meet their shareholders demands and meet Wall Street expectations.
Many traditional brokers don’t fight rate increases because with each one, they get a pay increase, too. Who doesn’t like a 10% bump in pay every year?
At MAGIC, we work on a flat-fee system based on the number of covered employees. Our business only grows when yours does, too!
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We’re Data Driven
(with heart)
More than anything, we want to do what’s best for you – the client. To figure that out, we dive deep into your data to see what’s happening with your claims and coverage.
Whether you add us as a consulting advisor or as a health insurance broker of record, we’re committed to finding you the BEST solutions to save your hard-earned money and improve your bottom-line without sacrificing quality care for your employees. You might be surprised at how much control you really can have over health insurance costs!
We Think
Outside The Box
We get to know your business and your needs, and then recommend multiple alternative insurance options to fit your goals.
Just because your insurance has always been handled a certain way doesn’t mean it’s the best way!
With new possibilities available in health insurance benefits, it’s time to take a second look at what you’re offering your employees. It IS possible to provide high quality benefits while keeping more of your hard-earned revenue!
Our Strategies
These are just a few of the 35 concepts we recommend to keep costs down and free up capital.
Health Reimbursement Arrangement
Have you ever had the feeling you had a good year, no major claims, but still received a renewal increase from your insurance carrier?
A Health Reimbursement Arrangement (HRA) is an IRS-approved, employer-funded medical reimbursement plan linked with a group health insurance plan. This allows employers to self-insure a portion of their group insurance plan using pre-tax dollars which leads to big savings without any change in coverage.
Level Funding
Are you struggling to find healthcare benefits solutions that give you the control, flexibility and value you need?
With level-funding you get better control over your health benefits, the flexibility to tailor your plan design to your specific needs, and the opportunity to realize savings if your group’s claims are lower than expected.
Self Funding
What are the advantages of self-funding and why are more companies switching from a one-size-fits-all approach?
Because of the broad scope of control provided, the most cost-effective approach is to self-fund your health insurance plan. Changing from a one size fits all, fully insured plan to self-funding will help you:
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Control costs
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Enhance your cash flow
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Understand each element of your healthcare spend
Medical Management
If you’re not doing everything in your power to aggressively manage your medical and prescription claims costs, your costs will continue to spiral out of control.
By incorporating proactive medical management practices, your members will be able to engage in a healthier lifestyle, producing better outcomes for them and financial results for your company.
Reference Based Pricing
If there ever was “smoke and mirrors” in the world of healthcare, how your doctors or hospitals bill for their services would certainly qualify.
With Reference Based Pricing, you will see exactly what is being charged for a claim, which can provide insight into how your plan is running.
Prescriptions
Prescriptions are the top driver of costs for your health insurance plan, increasing by over 10% a year.
Because they comprise at least 25% of your overall expenses, you must proactively manage these costs just like every other aspect of your business.
Not sure how to do that? Give us a call!
Break Free in 3 Easy Steps:
1. Meet With Us
Set up a virtual or face-to-face meeting.
2. Review Our Analysis
We’ll provide an overview of possible solutions for you to review.
3. Take Control
Keep your hard-earned revenue so you can grow your business and improve your bottom line.
You deserve an
insurance partner you can trust.
We are passionate about small business and we want you to succeed! We have seen too many wonderful businesses lose money, talent, or have to close their doors because of badly managed or poorly selected health insurance. This doesn’t have to be you! We have been helping companies of all sizes since 2007, and after 15 years we know that our bottom line takes care of itself when we take care of our clients.
It’s time to treat your health insurance spend like every other aspect of your company. It’s time to have a health insurance broker on your side who knows what the heck they’re doing and will proactively manage your expenses every day. It’s time to hold someone accountable for controlling this cost and show a demonstrable ROI!
We’ve helped companies save as much as $5 million dollars on their insurance spend without sacrificing quality benefits for employees. Isn’t a return like that worth a second look at your benefits package?
"Bill's knowledge and guidance has provided us vital insight in developing and maintaining our portfolio of health insurance benefits."
Nathan Pelechutte
Liberty Distributors
WHAT OUR CLIENTS ARE SAYING
"Bill' truly understands that our small company is a close-knit group and that we want to provide the very best for them and their families."
Pam Reinhart
R&R Fabrications
A FULL SUITE OF TAILORED SOLUTIONS
Business owners often don’t realize that health insurance and employee benefits can be managed more effectively for cost-savings. And this doesn’t mean slashing employee benefits!
With the MAGIC team as your health insurance broker, we’ll provide innovative strategies customized to your business needs. We help you take back control of your benefit options so you can keep hard-earned revenue to grow your business and improve your bottom line.
