Executives feel powerless about the current state of healthcare, pigeon-holed into accepting rate increases from insurers due to a lack of control over negotiations, removing any ability to regulate costs. Many leaders fail to realize that the excess medical premium they are paying is feeding the insurers’ bottom line, resulting in a 67% increase in insurance companies’ profits in the last five years.
Said another way, 10‐15% of a business’s total healthcare spend bolsters insurance companies’ bottom line, seriously damaging profitability and undermining a company’s ability to invest in needed talent to drive business growth. Today, forward-thinking organizations are focusing on the intersection of HR and finance to capitalize on high-performing funding alternatives that optimize risk management, control costs and maximize employee engagement.
OneDigital offers a unique solution to reject the status quo and bring a fresh-thinking approach to how you manage benefits plan risk. Watch this video to learn more.
Comprehensive Support
OneDigital’s Captive Solutions help leaders enhance their health plan, proactively improving employee engagement and satisfaction while maximizing cost containment strategies.
Optimize your health plan with feasibility analytics and cost-effective risk management solutions tailored to your unique needs.
Gain peace of mind with experienced consultants that address and support your HR and finance concerns.
Align your business and benefits strategies by building a transparent and flexible plan that reduces your health plan spend over time.
Partner with experts who provide compliance confidence, minimize risk and reduce liabilities.
George Papagelis, CIC is VP, Client Strategy and Solutions at OneDigital. George is currently responsible for improving OneDigital’s ability to proactively and consistently develop leading-edge solutions essential to serving small and mid-sized customers. He’s committed to developing, managing, and deploying strategies and solutions, such as group healthcare captives, that optimize health plans for and that bring long-term value to customers and their employees. Prior to his current role, George served in numerous capacities within OneDigital, all focused on driving progressive solutions and long-term strategic value for customers. Specifically, he served as Regional Vice President of National Accounts for the Northeast; as Vice President of Client Strategy and Solutions; as Market Leader for the Connecticut market; and as a large group Benefits Consultant. Prior to joining OneDigital and its predecessor company, Ovation Benefits Group, George worked in a variety of roles at Cigna, Executive Risk Indemnity Insurance and AIG Claim Services. George is a licensed Life and Health Insurance Producer, a Certified Insurance Consultant (CIC), and a Health Rosetta Advisor. He received his Master's Degree with a concentration in finance from The University of Hartford and his Bachelor of Science Degree in Business Management from Providence College. Additionally, he received the Chartered Property Casualty Underwriter (CPCU) designation from The American Institute for Chartered Property Casualty Underwriters.
It’s no secret that runaway healthcare costs are creating an affordability crisis for employers and employees alike. Health insurance premiums increased by a whopping 43% in the decade between 2012 and 2022.
To avoid unsustainable renewal increases, employers should consider an alternative approach to proactively manage and control their health plan costs – and to recession-proof their health plan as much as possible. Join us for a discussion on alternative funding that won't hold you captive.
If you're looking to create long-term stability and take back control of healthcare spending, look to OneDigital Captive Solutions. Our team of strategic consultants are flexible and responsive to the changing needs of today’s employers and provide high-performing strategies to companies of all sizes around the world, whether they have 40 employees or 4,000.