According to a recent report in Boston Business Journal, the three largest health insurers in Massachusetts are experiencing a robust rise in net income in 2019 compared to the same period last year.
- Blue Cross Blue Shield of Massachusetts – $91.6M vs. $57.5M
- Harvard Pilgrim Health Care – $29.2M vs. $0,2M
- Tufts Health Plan – $92.5M vs. $(26.9)M
And they aren’t the only ones. Nationally, health insurance carriers are having a good year. Good for them. Business is about making money.
Our business is making sure that money isn’t made at your expense.
Someone always ends up paying too much for their employee benefits. That’s not hard to do given the constant changes in plan availabiliy, new plan offerings, exclusions, changes in coverage and the like.
It doesn’t have to be that way. Whether you’re fully-funded, self-funded or have made the move into a group health captive, we do everything we can to make sure their profits are not your loss.