If you’ve ever reviewed a benefits renewal and wondered how your premiums could jump so much in a single year, you’re not alone.
The employee benefits market is full of brokers promising competitive rates and insurers willing to offer attractive guarantees. While a great price is always appealing, there’s a bigger question worth asking:
Is your benefits plan priced sustainably, and will it still work for you a few years down the road?
For PEO | IA members, the Chambers Plan is worth a closer look. Its non-profit structure and risk-sharing model spread claims risk across more than 33,000 businesses, and its target loss ratio¹ is often higher than those of other insurers, meaning a greater share of premiums is intended to cover claims. Through Hynek Financial Group, members can also access preferred rates, making it worthwhile to explore whether the program is a good fit for your business. It’s not just about what you pay today.
Our approach begins with a thorough review of your existing benefits plan to assess its efficiency and identify opportunities to improve coverage at a similar premium. For businesses looking to invest further, we develop creative and modern total rewards programs aimed at attracting and retaining the best talent. This investment may also help employers limit the costs of employee turnover and recruitment. When experienced employees leave, they take valuable knowledge and relationships with them, creating gaps that can disrupt operations and slow productivity while new hires get up to speed.
These plan designs go beyond employee classifications and the core benefit plan. At Hynek Financial Group, we explore modern solutions tailored to your organization’s core values.
From flex dollars to fertility benefits to private health solutions, we get creative.
A recent addition and consideration for companies looking to attract and retain top executive talent is private healthcare. Through our private health network, businesses can connect their leaders with proactive solutions such as comprehensive health assessments, advanced bloodwork, genetic testing, and ongoing physician support at preferred rates. These services can support leadership longevity, helping executives sustain the health, energy, and focus needed to perform at their best over time. Our team also provides guidance on which medical expenses may be eligible for reimbursement through a Healthcare Spending Account.
A sustainable benefits strategy balances what your business can support today with what your people will value for years to come. For PEO | IA members, Hynek Financial Group brings together core benefits expertise, flexible total rewards, and private health partnerships to help build that balance. Whether your priority is making your existing plan work harder or investing in leadership longevity, a conversation about your current approach is a practical place to start.
¹ Target Loss Ratio: The percentage of benefit premiums an insurer aims to pay out in claims, with the remainder covering the costs of running the plan. Claims above this target may put upward pressure on renewal rates, depending on the plan’s structure and pooling arrangements.
