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GBS Ensures that Both Your Plan and its Participants are Protected

It's not easy to predict medical costs. Unexpected large claims can be financially crippling for both employers and members if the plan does not come through as expected. Medical bills are the single largest cause of bankruptcy in the US, causing more than 60% of all personal bankruptcies each year - and over three-fourths of these people actually had health insurance1. Here are just a few ways that GBS protects your company and its members:

- We create a comprehensive budget that will build your company's healthcare reserve funds. We communicate with you about all potential expenditures and help you plan for any expenses.
- We ensure that the reinsurance carriers we work with are highly rated, reputable carriers that will come through when you need them. When claim costs are higher than expected, reinsurance is there to pick up the bill.
- We have exclusive programs in place to assist with catastrophic events. We partner with LifeTrac to provide a transplant program that is second to none in helping clients control costs while providing members with the highest level of support and care. LifeTrac is there through every step of the transplant process.
- Balance Billing Issues: GBS works with the nation's top ERISA law firms to protect plans and their members from balance billing by providers.

Unexpected doesn't have to mean unprepared. GBS can help you ensure that your employee benefit plan comes through for both you and your organization's members when it's needed.

Contact us to learn more about the options GBS can provide for your employee benefit plan.

1CNN Health - Even insured consumers get hit with surprisingly large medical bills.
Posted 1:38 PM

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