Sabal Insurance Offers Innovative Non-Traditional Options for Employee Benefits

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Sabal Insurance finds customized solutions for clients with alternative risk management and aids them in the move beyond fully insured contracts provided through the “Big Five” carriers.

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The creative application of these benefit programs is yet another example of using the newest offerings in the insurance sphere for the benefits of Sabal clients nationwide.

Sabal Insurance finds customized solutions for clients with alternative risk management and aids them in the move beyond fully insured contracts provided through the “Big Five” carriers.

In order to cater to clients’ unique needs, Sabal insurance operates by looking for non-traditional avenues to contain costs, control pricing power, and provide high-quality healthcare for client’s employees.

Helping their clients move all along the risk spectrum, Sabal finds customized solutions based on each client’s individual risk tolerance and capabilities. The Sabal Benefits consultancy team finds the best third-party administrator (TPA) to administer claims for each company.

Sabal recently found a non-traditional plan for Chemo International, a Canadian-owned chemical exporter located in Miami. With traditional health insurance continuing to increase, the general manager of the company, Joost Sajet, was in search of a way to control costs while still offering a comprehensive benefit suite. After assessing the needs of Chemo International, the Sabal team found an insurance option that met all the needs of the client.

Gran LeCompte, a member of the Sabal Benefits team in Fort Lauderdale, found a more transparent and less expensive model of health insurance for Chemo International focused on the use of Reference Based Pricing.

Unlike most deals between providers and insurers, the negotiated rates in reference-based pricing aren’t kept secret. In addition to being more transparent than traditional insurance, reference-based pricing can save companies significant premium dollars. At Chemo International, the savings were approximately $150,000 in the first year with the new Sabal plan.

With rising healthcare costs, Sabal Insurance is committed to finding the best solutions for businesses offering their employees benefits plans.

“The creative application of these benefit programs is yet another example of using the newest offerings in the insurance sphere for the benefits of Sabal clients nationwide. We expect the sale and implementation of reference based plans to account for a significant amount of growth for Sabal Benefits in 2018 and beyond,” said Ian Norris, president of Sabal Insurance Group.

Sabal serves a diverse client base that spans North America, Europe, and Latin America from their headquarters in Fort Lauderdale, Florida. Founded in 2004 by Ian Norris, Sabal Insurance Group is an independent insurance broker, specializing in the development of innovative insurance solutions for both commercial and personal needs. Sabal Insurance group is devoted to reducing clients’ insurance costs while improving their insurance coverage. For more information, visit the Sabal Insurance group website where you can request a quote today.

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