Just released: How to raise venture capital in 2023


How to save money on your group health insurance


Key Takeaways

Placeholder Author Headshot
Jason Polinsky

Account Executive

Have you ever wondered why current group health plans are so expensive? Have you ever wanted to find a way around paying those high premiums and save your company money? Well, Igloo Health is here to guide you around paying those record high health insurance premiums in the current marketplace.

It’s likely your current broker hasn’t let you in on this.. But, the secret is simple! It starts with getting your group medically underwritten. This means using medical or health information in the evaluation of applicants for coverage. Medical underwriting will make premiums based on the health/risk of your entire group, and is typically much more cost effective than what the average market will tell you to pay.

Now, you may be thinking this will require a lot of extra work on your part, but the reality is that it simply does not. The only additional information the carriers will need to collect is a quick medical questionnaire (sent securely direct from the carriers) that asks simple questions about each employee’s health. Carriers mainly use this information to look for serious health risks like cancer and are not going to punish your group for common medications.

The next question you may ask yourself is “How much money can we save?” The answer: a lot! Being accepted into these underwritten programs with this one simple step can save groups upwards of 30% per employee, per month on their premiums.


Want to learn more?

If your group is relatively healthy, without any major health concerns, please feel free to contact us directly to discuss saving money (the right way) by getting your group medically underwritten today!

Related Articles

September 28 • Health & Benefits

Choosing the Right Employee Health Plans

Choosing the right employee health plan for a small business or mid-market company is no small task — but we share some tips to help this process feel more seamless.

leave your peo
April 27 • Health & BenefitsRisk Management

Time to Leave Your PEO? How to Transition Smoothly

Mid-market and late-stage companies often outgrow their PEOs. If you’ve thought about saying goodbye to yours, here are a few factors to consider first.

What is a BOR
December 20 • Health & Benefits

What is a BOR?

What is a BOR? It’s your “Broker Of Record.” This is an insurance industry term that many people don’t know about, but it could be the most important thing to learn as a business owner. Understanding what a BOR does (and what they can’t do) can give you peace of mind. Have you ever been promised

choosing health plans
September 28 • Health & Benefits

Choosing health plans: how lower premiums might mean higher costs

What if we told you that the price you pay for your monthly premiums wasn’t the most important thing to pay attention to when choosing health plans? That might sound a little crazy but the reality is that there are critical factors to look into besides premium. Ever wonder why you were stuck with a

health and benefits broker
September 7 • Health & BenefitsRisk Management

What we do that your health and benefits broker probably doesn’t

A lot of people will tell you how happy they are with their current health and benefits broker and rave about how fantastic of a job they’re doing. Still the question remains: “is he really doing the best job he possibly can?” These same people will claim how their broker is the nicest guy in

health insurance renewals
July 27 • Health & Benefits

Employee health insurance renewals: what business owners need to know

Most business owners don’t take the time to factor in the fluctuating costs of health insurance renewals. Luckily, we’re here to think ahead for you. In the past, renewal pricing has been pretty standard across all states and carriers, with an average bump of about 5% or so. Unfortunately since Obamacare, that’s not the case. As