GlobalTec, a West Michigan-based manufacturer of cable and wire harnesses, has found a solution to the challenges of managing and providing healthcare for both employers and employees. With approximately 300 people across three locations, GlobalTec has partnered with us at Sympl Benefits to offer a unique health plan that not only saves money but also provides better quality care.
Reducing Costs and Improving Care
Tim Ellis, the managing partner at GlobalTec, highlights the difficulties faced by employers and employees when it comes to healthcare. "The reality here is that healthcare is difficult to manage and to navigate, both as an employer and an employee," he says. Prior to partnering with Sympl Benefits, GlobalTec was spending about $10,000 per employee with high deductibles and facing a 31% increase from their previous provider, with no real options.
However, by working with us, GlobalTec has been able to leverage relationships with local healthcare facilities, resulting in a cost of under $7,000 per employee, lower deductibles, and a better overall healthcare offering.
Employee Success Stories
The impact of our approach is best illustrated through the experiences of GlobalTec employees. Sherry Ellsberg, who works in the war prep two department, shares her story of how we helped her save $500 on an MRI that was required after her annual routine mammogram. "If Sympl Benefits can do something about it, why don't I try it?" she recalls thinking when her HR representative suggested contacting Sympl Benefits.
Josh Raledge, a new product engineer at GlobalTec, also benefited from our services when he needed surgery. We connected him with a doctor who was highly recommended by Josh's family and friends in the medical field. Not only did Josh receive top-notch care from one of the best surgeons in his field, but he also had the procedure done at a much-reduced cost. "In my case it was FREE, versus $1,500 or $2,000," he says, adding that the no-cost care was much nicer than going through insurance!
A Partner in Healthcare Solutions
For GlobalTec, having a partner like Sympl Benefits has been a game-changer. "When's the last time that somebody came to me and said, 'Hey, instead of a premium increase, we're gonna lower your premium?'" Tim Ellis asks. "That's huge, especially when all my costs are going up each year, to have somebody come in and say, 'Hey, we're actually gonna be part of your solution in 2024, we're gonna lower the price of healthcare while continuing to offer high quality for your employees.' That's huge."
By partnering with us, GlobalTec has been able to provide their employees with access to high-quality healthcare at a lower cost, demonstrating that innovative solutions can make a significant difference in the lives of both employers and employees.
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