Bundle Your Insurance for Greater Savings

Bundle Your Insurance for Greater Savings - http://www.allbusiness.com Avatar Posted by ArmadaIG under Employee Benefits
From http://www.allbusiness.com 5154 days ago
Made Hot by: on April 19, 2008 4:08 am
Ya got me on this one - who knew I could bundle my worker's comp with my medical benefits and potentially save on both?

In one company I'm working with, we just changed insurance providers for our group health benefits as our old provider wanted to increase premiums 20%.

Once that was done, our new broker made us aware that Blue Cross could offer us worker's comp insurance in addition to our group health benefits. And if we took advantage of the offer, we'd save 5% off our medical benefits.

We went down the road of getting a quote for the workers comp and much to my surprise, it came in considerably lower than our current provider. And we even reshopped our policy through our existing broker.

So we moved the workers comp over to our group health insurance broker and all told, we saved nearly $5,000 with our new worker's comp and medical insurance premiums.





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Share your small business tips with the community!