The High Cost of Inflexible Benefits

Is your benefit strategy costing your company too much?

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Rethinking your benefits strategy

In today’s workforce, finding new talent is hard, but keeping your current key talent is even harder. Forward-thinking employers are realizing that an innovative approach and flexible health benefits can help them address evolving expectations while finding the right balance between coverage and cost.

Employer challenges

Retention difficulties icon

Retention difficulties

Recruitment challenges icon

Recruitment challenges

Coverage voids

Coverage voids

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Benefits budget

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Ongoing stress

Employee needs have changed

Employee needs have changed #2 icon

Benefits are the #2 reason to look for a new job¹

70% C-suite quitting icon

Of the C-suite said they are seriously considering quitting current roles in favor of a job that better supports their well-being²

1 in 2 employees struggling with mental health icon

1 in 2 employees are struggling with mental health³

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Finding the right benefits balance

  • Employee needs have changed.
  • Talent loss and recruitment are costly.
  • It’s impossible to balance coverage and cost with one-size-fits-all primary plans alone.
  • The legacy strategy hasn’t changed, but the workforce has.

ArmadaCare’s range of innovative health insurance plans empower the employer with a new level of flexibility and control to create a benefits structure that aligns with their cost and talent management objectives.

As a fully insured excepted benefit, Ultimate Health® by ArmadaCare, provides a better way to create a robust benefits package that’s ideal for your key employees and bottom line. With our unique supplemental health insurance solution layered on top of your primary healthcare plan, companies of all sizes can:

  • Provide a broad range of coverage types that tailor to different life-stage needs
  • Offer key employees a way to get back to “100% coverage” levels*
  • Provide health, wellness and travel support services
  • Enhance compensation tax-efficiently*
  • Provide targeted benefit enhancements for specific segments of employee population
  • Make employees feel rewarded with more value than a one-time bonus (which is soon forgotten about)

PROVEN TO DRIVE RETENTION:

4x increase in retention among those enrolled in an ArmadaCare plan vs. the national average

PROVEN TO ADD VALUE:

98% of members rank ArmadaCare’s benefits as “important” or “most important”

SOURCE: 2022 ARMADACARE ENGAGEMENT SURVEY
*This is not local, state or federal tax advice. This material has been prepared for informational purposes only, and is not intended to provide, nor should it be relied on for, tax advice. Each person and each company are unique with their own facts and circumstances. It is recommended that you seek the independent counsel of a professional tax adviser.

About ArmadaCare

A leading insurance program manager, ArmadaCare delivers uncommon health insurance solutions designed to enhance ordinary health benefits. With the steadfast belief that health insurance should be better, ArmadaCare’s plans fill voids in coverage for routine and unexpected healthcare expenses, offer valuable health and productivity support services and invite usage with modern conveniences, education touchpoints and people-first service. The result gives our clients the edge they need to retain, recruit and reward talent at all levels.

*This is not local, state or federal tax advice. This material has been prepared for informational purposes only, and is not intended to provide, nor should it be relied on for, tax advice. Each person and each company are unique with their own facts and circumstances. It is recommended that you seek the independent counsel of a professional tax adviser.
ArmadaCare’s supplemental health insurance policies are underwritten by SiriusPoint America Insurance Company and Transamerica Life Insurance Company. Insurance plans and coverages vary by state. Please contact us to confirm state availability.

¹PWC, 2021, ²DELOITTE, 2022, ³THE STANDARD and VERSTA RESEARCH, 2021

Interested in learning more about ArmadaCare’s market-leading supplemental health insurance products?

Get in touch with one of our experts. You choose the time that’s best for you, and we’ll do the rest!