About Us: Our Aproach
Drawing on decades of experience, and learning from top-performing industry trends, we partner with leading carriers, providers and other industry organizations to create affordable sustainable benefit programs, through evolving thoughtful planning and powered by the best technology.
Pre-pandemic, the national average cost-of-benefits was approximately $10 per hour, per employee.
MAKing benefits PERSONAL
Consumer-driven health care puts the power in the hands of employees, and can be very effective cost-saving tool when properly administered.
Expanding Well-Being Offerings
Companies that support mental and emotional health, work/life balance, and financial health will see a healthier and more engaged workforce.
Designed With Your Challenges In Mind
Value Based Care ties doctor and hospital payments to the effectiveness of care, aligning the patient’s and provider’s incentives, and often leads to better outcomes and fewer claims. Value Based Payments is a form of provider contracting that rolls pre- and post-healthcare into one negotiated price that is significantly lower than a PPO, and it simplifies billing for organizations and employees.
Data shows employers can save 10%-30% with value based design, but also has the potential to produce year over year cost trends that are more closely aligned to general inflation rates.
Boyce and Associates will implement a comprehensive employee communication plan with any value-based design to ensure that employees understand the nuances of the program – how it works, what are its benefits, what support exists, etc.
Self-funded plans and Level-funded plans can offer employers a 15-30% savings on their overall benefit costs, and year-after-year they continue to reduce the healthcare spend. Self-funded plans help to increase cash flow and allows complete control over plan design, claims data, provider networks, and the healthcare supply chain, such as pharmacy and other medical supplies.
Level-funded plans are often thought of as a stepping stone to self-funding, and is a hybrid of a traditional small group health plan and self-funded employee health insurance. Savings opportunities exist through actual employee risk pool and utilization based premiums, lower administration costs, refund of unused premiums, and claims data insights.
Encouraging employee wellness – a healthy physical, emotional, social and financial lifestyle can help employees be more productive and reduce their risk of costly chronic diseases or sudden illness. For example, employees who manage their finances well are less stressed and more focused on work. Population health helps to identify health risks, such as smoking and obesity, and supports employees in reducing those risks and preventing the development of chronic conditions. Disease management is designed to help employees who already have a chronic disease take better care of themselves.
Studies show employers can increase productivity by 15% or more and reduce healthcare spend by as much as $30 per member, per month when integrating well-being benefits and programs in benefit package.
Surveys find that companies who get the most ROI for their benefit dollars offer a wide range of voluntary and supplement benefits, along with smart technology and communications designed to educate and empower employees to make wise decisions about their benefits, and allowing them to tailor benefits to fit their individual’s needs, which in-turn increases benefit participation and healthcare consumerism.
Our most satisfied and highest performing clients use actual claims data and employee feedback to evaluate and improve future benefits to maximize cost-savings, and employees’ health and well-being.
More About Us
we get results
You’ll benefit from having an experienced benefit broker like Boyce & Associates.
We’ve gained a lot of ground in the past thirty years of helping clients build and manage effective benefit programs. As a privately owned and family-oriented business, we are truly independent and well-known throughout industry. We have worked hard to distinguish ourselves an insurance advocates, leveraging strong relationships with our carriers and other vendors to benefit our clients. Besides results, here’s what you can expect from us: