Health Insurance - synchronomics.com

Let's put the care back in healthcare

What if you could save your employees money on health care and boost your bottom line?

That’s exactly what we do at Synchronomics. Most firms pay too much for healthcare plans designed to benefit the insurance and drug companies, not plan participants. When you hire Synchronomics, we go to bat for you and hold your providers accountable. The result? Better benefits for your employees and lower costs for you. That’s before we even get into the potential lawsuits and fines you could face if your plan doesn’t meet the government’s ever-evolving standards for employer-sponsored benefits.

Find out if you're paying too much

Good health insurance is the most important benefit

Americans worry about healthcare, and who can blame them? We spend more than $13,000 per person each year, on average.

As an employer, you have a chance to make a real difference for your employees by offering a high-quality health

We know that’s easy to say and hard to do—health insurance is notorious for being complex, expensive, and confusing. It’s equally notorious for its failure to help plan participants. That’s a problem that hurts everyone, including plan sponsors like you.

Business owners must ensure healthcare plans comply with complex and evolving legislation designed to protect participants.
You're legally required to make sure your employees can use and afford their benefits.
Even an unintentional slip-up can result in a lawsuit that will send your finances to the ER.

The worst part? You’re probably paying extra to break the rules. Most employers don’t realize there’s something wrong with their plans, since violations live in the fine print. These violations tend to favor providers—insurance companies, drug companies, and prescription benefits managers (PBMs)—with kickbacks that you and your employees pay for. In other words: Bad benefits are bad business.

The good news: You don't have to become a health insurance expert—we're here, and we want to help.

The better news: Improving your healthcare offerings can make it easier to recruit and retain top talent.

The best news: Fixing your benefits may lead to significant cost savings while simultaneously lowering your risk of lawsuits and fines.

Better benefits make for better business

It’s easy to gloss over the risk of lawsuits and fines when they happen to other people. And while we don’t want to stoke fear, we do want to be realistic: You really are at risk. We’re seeing more lawsuits than ever before and regulators are upping the scrutiny. Don’t take our word for it though, here’s a roundup of recent cases.

Johnson & Johnson... and big litigation

Johnson & Johnson, which has more than 140,000 employees, most of whom live in the U.S., faces a class action lawsuit over its employee health plan. While the scope—and potential financial impact—to J&J remain unclear, there lawsuit is full of lessons for employers who provide health coverage to their team. The lawsuit alleges that J&J failed to act as a fiduciary for plan participants in three major ways. Let’s dig in.

Beware the $0-fee health plan

If you are seeing $0 in fees as part of your plan design, then likely there are hidden fees. The NY Times recently explored hidden fees in health care spending; we break down the takeaways for

Is California cracking down?

California has new legislation on deck. It takes aim at pharmacy benefit managers (PBMs)—a move that could impact pricing for plan sponsors, even if they aren’t in California.

The Synchronomics Difference

Most of the companies that offer to revamp your benefits package are (spoiler alert) trying to sell you a benefits package. We aren’t

Synchronomics is not affiliated with any insurance provider or brokerage; your interests are our only priority. When you hire us as a fiduciary, we take on the legal responsibility of managing your benefits plans. That means we make sure your offerings prioritize your employees and not the insurance firms, drug companies, or pharmacy giants.

The best part? You never have to pay attention to the alphabet soup of regulatory agencies or constantly changing rules again.