CFO2Go Blog

I have been requesting that one of my clients “shop” his medical insurance with other carriers to see if there was an opportunity to save some premiums.  Each year, he “didn’t have time” and his agent was “taking care of him”.

When the policy was coming up for renewal late last year, I again suggested he shop.  This time he did and discovered he would save over $28,000 in premiums this year and provide better coverage for his employees.

Moral of the story: Keep your agent honest by checking out other options elsewhere. Don’t let them become lazy on your behalf. Also, take advantage of any programs offered through associations that you may belong to. These organizations can sometimes provide better coverage at lower rates due to the age group of the census.

This entry was posted on Monday, April 20th, 2009 at 7:23 am and is filed under CFO Tips, Hidden Cost Savings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.