Heidler Roofing joined Keystone Benefits Partner (KBP) in 2012. Prior to that time we were in the fully insured market and were growing weary of the large premium increases we were experiencing upon renewals and the lack of information to support those renewal numbers. Spending on employee benefits was growing at a rapid pace and we were looking for a unique solution in the market to control this volatile expense. We considered self-funding but with a relatively small group size we were very leery of being able to purchase Stop Loss coverage at a reasonable price point without the additional exposure to lasering, which is common the Stop Loss market.
In 2008 we discovered that E.K. McConkey had started KBP which was in fact a unique approach to providing self-insured health coverage by bringing companies together as “benefit partners” to leverage the larger overall group size in the insurance market. Unfortunately for Heidler Roofing, our total covered employee lives did not qualify for entry into the program at that time. Then in 2012, the threshold for meeting minimum group size was amended and the opportunity to gain what we sought as an enhanced insurance solution through self-funding was available to us.
Since joining KBP we have experienced the stability upon renewal, claims & data transparency, and Stop Loss coverage benefits we initially sought. Not only have we seen those benefits but we also have been able to build a much stronger approach to managing claims through interacting with our benefits partners and the expertise E.K. McConkey and Benecon provide to us.
“I’ve heard brokers say that you should not self-fund your health insurance unless you have at least 200-250 covered employee lives. Perhaps that is true if you desire to self-fund on your own. But Heidler Roofing covers less than 100 employee lives, and through KBP, self-funding has worked extremely well for us providing premium stability and enhanced Stop Loss coverage protection. I am convinced that there is no better way for us to manage our health insurance benefits.”
– Andy Miller, Controller – Heidler Roofing