A mid-sized manufacturing company came to WiseInvest™ to review their benefit plans. During our evaluation, we discovered a surprising gap: despite paying significantly high premiums for extended health insurance, their employees remained dissatisfied with the coverage. In fact, the company was paying 50% more in premiums than the value employees actually used.
The Problem
- High Costs: The company overspent on health insurance relative to actual usage.
- Low Satisfaction: Employees felt gaps in family coverage and faced hefty out-of-pocket expenses.
- Turnover Risk: Dissatisfied employees cited lackluster benefits as a major reason for seeking new jobs.
The Solution
WiseInvest™ recommended:
- Plan Realignment: We sourced alternative health insurance plans with more robust family coverage at lower premiums.
- Better Communication: We trained HR teams to clearly explain the new benefits, so employees could fully utilize them.
The Results
- Cost Savings: The company reduced its annual premium expenses by 25%.
- Happier Employees: Workers appreciated the improved benefits—especially health insurance plans for family—leading to lower turnover.
- Stronger Team: With clear communication and broader coverage, morale improved, and recruitment became easier.
If your business is paying too much for too little coverage, contact WiseInvest™ to create a benefits package that truly supports your team—without breaking your budget.
*Note: For privacy reasons, the names and nature of our clients’ businesses have been changed.
Our Process
UNDERSTANDING YOUR NEEDS
Discovery Phase
We start by listening, getting to know your goals, challenges, and opportunities. This is where we lay the foundation for a strategy that truly fits you.
1
DESIGNING A TAOLORED PLAN
Planning Phase
With a clear picture of your needs, we craft a customized plan designed to grow, protect, and transfer your wealth efficiently.
2
BRINGING THE PLAN TO LIFE
Implementation Phase
We put the strategy into action, ensuring everything is executed smoothly and effectively. We're with you every step of the way.
3
STAYING ON TRACK
Review Phase
Life changes, and so should your plan. We conduct regular reviews to adjust and refine your strategy, keeping you on course toward your financial goals.