Evaluate Your Employee Health Insurance for 2016: The Gravie Financial Analysis

October 16, 2015


It’s no secret employers are facing big decisions when it comes to healthcare for employees. This year is especially difficult for many employers because the facts seem to change constantly. Rate hikes, ACA legislation, “Cadillac” taxes, penalties, tax credits, and more are hard to keep up with. How can you make informed decisions with so many moving parts?

What we’ve seen in working with 100s of companies, from small service shops to growing tech companies to mid-size manufacturers and beyond is one simple fact: putting the facts on paper can help you make a confident decision – one that puts your company and employees on a better path.

To help employers make better choices, we created a detailed, free, and custom report called the Gravie Financial Analysis. This flexible worksheet shows you whether a shift from traditional health plans to Gravie and the individual market makes sense.

For many, the financial benefits are significant (average saving for our current customers is 36%) and the extra advantages of choice and freedom from hassle are just icing on the cake.

What is the Gravie Financial Analysis?

The report is broken into key sections and uses your real data to summarize your possible savings now and in the future. The report is also dynamic, meaning you can tweak the input variables to figure out the optimal mix for you. (To Get Your Custom Analysis, Complete This Form.)

Section 1: Summary

This section compares, in plain language, the most important puzzle pieces as you consider a change to Gravie. As shown in the image below, this includes the following elements for your group plan versus Gravie:

  • Health Insurance Costs for the Employer
  • Savings Compared to Group
  • Employee Choice
  • Quality of Coverage
  • Service and Cost Model


What does it mean?

In this example there is a 33% savings for the employer if they move to Gravie and a Minimum Essential Coverage (MEC) plan. Keep in mind that a change to Gravie also makes things more predictable for employers (you set your budget) while giving employees better plan choices and go-to advisors for all their questions.

(Wondering what a MEC plan is? It’s a group plan that offers what the Affordable Care Act deems the lowest amount of coverage that’s still compliant with the ACA. It’s also a plan that our employers with 50 or more employees offer alongside Gravie to reduce or eliminate the penalties they’re subject to under the Employer Shared Responsibility rules.)

Section 2: Total Cost Impact for Employers and Employees

This section outlines the cost differences for employers and employees. It then summarizes the “net” changes. In this example, notice that there are lower costs for the employer and the employee:


What does it mean?

This summary puts the data for both employees and their employer on the table to see if the transition to the individual market makes financial sense for both sides. This means that the employer can have confidence that employees will be better off and can use this data to communicate why the change makes sense.

Section 3: Plan Comparison Map

This section provides a simple way to evaluate how your current group plan compares to a few real plan options available in the individual market. (Keep in mind your employees can choose from hundreds of options, not just the ones shown in the comparison.) With the plan option examples, you can see how each of your employees are impacted. As you review your options, this provides another lens to analyze what’s best.


What does it mean?

In this example every employee is either no worse off or in some cases far better off cost-wise with the shift to the individual market and Gravie. (In other words, a similar plan to the one they currently have will cost them less.) It’s also important to note that since employees now have much more choice, they can work with a Gravie advisor to find a plan that’s even better for their specific situation—whether that means it’s a plan with a higher deductible and lower monthly cost or vice versa. Employees often end up with a better plan for them.

Additional Analysis: In-Depth View of Taxes, Employer Penalties, and Government Tax Credits

The additional visibility you get with a deeper look at taxes, penalties, and government tax credits can provide another layer of confidence in the data. This report truly is an open book, so we’ll walk through each item in detail to make sure it all makes sense. Employers have seen tremendous value in the overview sections, which business owners, CEOs, HR managers, and finance leaders often like to see the more detailed view. We’ll show you both in black and white.


Contact us today to learn what Gravie could mean for your company and your employee satisfaction.

We look forward to hearing from you!

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