save 30-40%* without losing quality.


*OUR CLIENTS SAVE AN AVERAGE OF 30-40% ON THEIR EMPLOYEE BENEFITS PACKAGES. RESULTS AREN'T GUARANTEED, BUT THIS IS OUR #1 GOAL.

THE KBI DIFFERENCE


Our employee benefit service professionals solve problems that exist within your health benefits program and ensure every dollar invested creates the outcomes you need for achieving greater business success.


We improve the ROI on your program, which directly impacts your ability to improve recruiting, retention, and productivity.


To explore our employee benefit services, book a call with a KBI Benefits Expert today!


SPEAK WITH A KBI EXPERT

Our Services


Benefits Consulting

Our employee benefit services team collects tangible and specific input from you and then design a program that best delivers on those priorities.

Compliance

Diligent execution of all reporting and filing tasks for an ever challenging compliance minefield.

Human Resources

Our business HR consulting and compliance experts become an extension of your HR team and provide day-to-day resolution of all claims/admin issues.

Technology

Complete digitization of your program as well as guidance on payroll/HRIS/PEO platform replacements.

Benefits of

working with KBI


INSURANCE OUTCOMES Delivered


Executional excellence turns promises into outcomes. Within a framework defined by your unique needs and goals, we deliver outcomes that are essential to your success.

Leveraging everything


We utilize a timely and proactive process to ensure you can take advantage of new opportunities and avoid new dangers as they arise. We call this Leveraging Everything™.

KBI's guidance & Insight


As the pace of change accelerates, asking, “What’s new?” is not enough. We’re asking, “What’s important?" and publishing our thoughts here.


As a UBA partner, KBI is part of the nation’s leading organization of independent benefit advisors. 

Learn More

Want to Learn More?

SET UP A MEETING WITH US TODAY!

Want to Learn More?

SET UP A MEETING WITH US TODAY!

Customer Testimonials


Latest Insights


by Chris Freitas 18 Mar, 2024
Navigating the world of employee benefits can feel like trying to solve a puzzle, especially when you're aiming to balance providing high-quality benefits with managing costs. As business owners wrestle with the rising premiums of group health insurance, the quest for creative financing methods to reduce benefits-related expenditures has never been more critical. However, there's a silver lining in the form of alternative funding options that can help companies, whether they have 25 or 2,500 employees, potentially slash their benefits costs. Here's how you can save money on your employee benefits, keeping both your team and budget happy. How to Save Money on Your Employee Benefits Gone are the days when only the largest corporations could think about stepping away from fully-funded insurance programs towards self-funded options. Thanks to the evolution of the market and the introduction of the Affordable Care Act, a myriad of alternative funding options have emerged. These alternatives provide nearly any business owner the opportunity to explore different funding arrangements based on their financial capacity, objectives, and employee demographics. Alternative Employee Benefit Funding Options Fully-Insured Plans : This traditional route offers the least risk to employers but comes with higher costs. You pay a premium to an insurance carrier for a specified plan, with no financial surprises but also no savings on lower-than-expected claims. Self-Insured Plans : Self-funded employee benefits refer to a system where, instead of paying premiums to an insurance company, an employer directly assumes the financial risk of providing healthcare benefits to its employees. Under this model, the company pays for each claim as it arises, typically setting aside a pool of funds for this purpose. Companies might opt for this financing choice to gain more control over their benefits plan, enjoy potential cost savings, and increase flexibility in plan design. This approach allows businesses to tailor their benefits offerings more closely to the needs of their employees and can lead to significant savings, as they avoid the overhead and profit margins built into traditional insurance premiums. Level Funding : Level funded employee benefits are a hybrid model that combines elements of both fully insured and self-funded insurance plans. In this approach, an employer pays a fixed monthly fee to a third-party administrator or insurance provider, which covers estimated claim costs, administrative fees, and stop-loss insurance. This setup aims to offer the cost-saving and customization benefits of self-funding, with the financial predictability and lower risk of fully insured plans. Captive Funding: Captive funded employee benefits involve companies coming together to form their own insurance company, or "captive," to finance their risks, including employee benefits. This approach allows businesses to pool their resources to self-insure, sharing the risks and rewards of funding their health plans collectively. Companies might opt for captive funding as a strategic choice to gain greater control over insurance costs, benefit from potential savings through reduced insurance overheads and profit margins, and achieve more stable premiums over time. Consortium Funding: Consortium funded employee benefits involve a group of companies coming together to pool their resources and share the risks associated with providing healthcare benefits to their employees. This collective approach allows smaller employers to leverage the buying power and risk-sharing advantages typically available only to larger organizations. Reference-Based Pricing : Reference-based pricing (RBP) for employee benefits is an alternative payment model that sets spending limits on certain medical services. Instead of using traditional insurance networks, employers pay healthcare providers based on a fixed reference point—often a percentage above the Medicare reimbursement rate for the same services. This method aims to contain costs by eliminating the wide variance in pricing for healthcare services and creating price transparency. The Benefits of Being Creative By stepping out of the fully insured comfort zone and exploring alternative funding methods, employers can gain greater control over their benefits plans. This control enables a more tailored approach to benefits that can better meet employees' needs while managing costs effectively. Additionally, alternative funding models can provide more predictability in expenses, avoiding the month-to-month variability that can make budgeting a headache. The Benefits of a Benefits Consultant Saving on employee benefits through alternative funding methods can be complex and daunting, but that's where KBI Benefits comes in. Our clients have saved up to 40% on their employee benefits thanks to our decades of experience in the space and unique approach to analyzing expenditures. Ready to explore how you can provide excellent employee benefits while keeping an eye on your bottom line? Speak with a KBI Benefits representative today.
by Chris Freitas 11 Mar, 2024
From implementing new technologies to navigating complex regulatory frameworks, the realm of human resources (HR) management demands expertise and adaptability. This is where HR consulting firms step in, offering invaluable assistance to businesses seeking to optimize their HR strategies and cultivate a thriving work culture. Let’s discuss the ways your business could benefit from human resources consultant expertise. How Does a Human Resources Consulting Firm Benefit a Business? HR consulting firms serve as specialized entities that offer tailored solutions to diverse HR-related needs within organizations. Unlike in-house HR departments, these firms bring external expertise and perspective, providing independent insights and innovative approaches to address specific projects or objectives. One of the primary advantages of engaging businesses like KBI Benefits who offer HR consulting services lies in their ability to offer specialized expertise tailored to meet the unique needs of each client. Whether it's HR software implementation, strategic planning, audits, or special projects like mergers and acquisitions, these firms provide a spectrum of services designed to enhance organizational efficiency and effectiveness. Another fundamental aspect of HR consulting is its profound impact on shaping and enhancing the work culture within organizations. By fostering an environment of trust, transparency, and empowerment, KBI Benefits plays a pivotal role in nurturing a positive and productive workplace atmosphere. Here's how: Strategic Talent Management: The HR consultant experts at KBI Benefits collaborate with businesses to develop robust talent management strategies, encompassing recruitment, workforce planning, and employee engagement initiatives. By aligning talent acquisition with organizational goals and values, these strategies ensure the retention and development of top-tier talent, thereby bolstering workforce effectiveness. Diversity, Equity, and Inclusion (DEI) Initiatives: In today's diverse and inclusive work environments, HR experts offer invaluable expertise in DEI initiatives. By integrating diversity and inclusion principles into recruitment, training, and performance management processes, these firms foster a culture of belonging and respect, driving innovation and creativity across the organization. Employee Engagement and Well-being: Comprehensive HR assistance is rooted in thorough research. KBI Benefits prioritizes employee engagement and well-being through comprehensive surveys, assessments, and interventions. By proactively addressing factors influencing job satisfaction and morale, such as workload, recognition, and work-life balance, KBI Benefits enhances employee productivity and retention while mitigating burnout and turnover risks. Change Management and Communication: During periods of organizational change or transformation, HR experts serve as catalysts for effective change management and communication. By facilitating open dialogue, providing transparent information, and offering support mechanisms, these consultants mitigate resistance to change and ensure smooth transitions, thereby fostering resilience and adaptability among employees.  Turn to KBI Benefits for Human Resources Consulting With decades of collective experience, KBI Benefits stands out as a premier source of HR consulting committed to empowering businesses with strategic HR solutions. Leveraging a wealth of industry knowledge and a client-centric approach, KBI Benefits helps organizations streamline HR processes, navigate regulatory complexities, and cultivate inclusive work cultures conducive to growth and success. Speak with a KBI Benefits agent today to learn more about our HR consulting services.
by Chris Freitas 27 Feb, 2024
In today's competitive job market, attracting and retaining top talent is crucial for small businesses aiming to thrive and grow. While salary is an important factor, offering a comprehensive employee benefits package can significantly enhance a company's ability to recruit and retain skilled employees. But are these benefits worth the investment for small businesses who need to optimize every dollar they’re spending? The short answer: yes, if your plan is to keep expanding your business . Employee benefits not only contribute to building a relationship between the company and its employees, but they also play a pivotal role in driving overall productivity. As small businesses and startups contemplate expanding their teams, understanding the significance of employee benefits becomes imperative.  Are Small Business Employee Benefits Worth the Investment? Attracting and Retaining Talent: In a competitive job market, offering a wide range of benefits can give small businesses a competitive edge in attracting top talent. For example, health insurance has become a standard and expected offering among Gen Z particularly. Companies that want to keep up with the competition need to ensure their benefits package offering can compete with companies in their vertical. And now, thanks to KBI Benefits’ alternative funding models , you can stretch your employee benefits budget even farther while maintaining, and in many cases improving, your benefits offering. Improving Employee Productivity: Financial worries can significantly impact employee engagement and productivity. According to a recent survey , employees with severe financial stress can lose up to a month’s worth of workdays every year coping with these concerns. By providing financial benefits and wellness programs, employers can alleviate employee stress and achieve higher productivity levels among their employees. This naturally results in a better relationship between the employee and the company, which boosts loyalty and reduces turnover rates. Employees are more likely to remain with a company that demonstrates employee appreciation by offering comprehensive benefits , which means that you save on costs associated with recruiting and training new hires. Enhancing Employer Brand: All of the above benefits that employee benefits bring to your organization come together to build a positive brand narrative that’s worth its weight in gold. A robust benefits package can contribute to shaping a positive association with the brand, attracting not only potential employees but also customers who value companies that prioritize employee well-being. This positive reputation can further support business growth and success into the foreseeable future. Choosing the Right Benefits When considering employee benefits, small businesses should assess their budget, employee demographics, and industry standards to determine the most suitable offerings. While health insurance remains a cornerstone benefit, employers can also explore additional options such as dental care, vision coverage, life insurance, and retirement plans to meet diverse employee needs. Moreover, offering unique benefits beyond traditional offerings can set small businesses apart and further enhance their appeal to potential employees. These may include backup care options, employee assistance programs (EAPs), pet insurance, wellness initiatives, and flexible work arrangements. If you’re ready to start investing in your business’s growth and your employees’ success, speak with a KBI Benefits agent today for a professional consultation . Partnering with KBI Benefits For small businesses seeking guidance in navigating the complexities of employee benefits and optimizing their offerings, KBI Benefits specializes in providing tailored solutions to businesses of all sizes. With a focus on enhancing employee productivity and job satisfaction, KBI Benefits assists small businesses in designing comprehensive benefits packages that align with their goals and budgetary constraints. Clients have seen savings of up to 40% after our employee benefits consultants optimized their offerings. Speak with a KBI Benefits agent today for a comprehensive consultation of your employee benefits plan.
View All Insights

Home | Contact Form

Reach OUT


We believe the relationship between employer and employee has tremendous untapped potential. We are here to help our clients unleash that potential.


We would love to help, contact a team member today!

Share by: