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Controlling Costs

Can you offer great benefits and manage costs?

With the ever increasing costs of health care, the importance of having a strategy has never been more important. We have a desire to want to offer the best solution for our business and finding the best solution, when considering cost is always a challenge. At SDMI Insurance we're here to educate and advise you so we can find the best short-term and long-term strategies to control costs.

Employer Cost Strategy

Your cost control strategy is unique to your company.  There is no such thing as “one size fits all” when it comes to employee benefits.  As the market changes, laws change, and your company’s needs change we will continually evaluate your employee benefits package to ensure a sustainable strategy and support your success.



What do other companies offer?  Is my company competitive in the marketplace?  Are we paying too much for employee benefits?  We can provide answers to these questions. We provide a thorough understanding of benefit trends and assist in creating the right benefit package for your company.  We’ll analyze plan design, cost-sharing, vendor offerings, voluntary benefits, and educate your employees. These steps will help assist to control your company cost and ensure your benefit plan is competitive in the marketplace.

Funding Mechanisms 


How you choose to fund your company’s health plan benefits can have a significant impact on controlling cost. We work with our clients to determine the funding option to support their cost saving goals. There are multiple options including, fully-insured, self insured, Consumer Directed Health Plans (CDHP), Health Savings Account (HSA), and Health Reimbursement Account (HRA). What option or combination is best for your company? We want to help you find the right fit.

Rates - Why do they keep going up?


Every year we see an increase in premium rates.  There are a number of factors which contribute to these increases; demographics of the population, poor health of Americans, care for chronic conditions, increasing cost of medical procedures, health care reform, and law changes. Encouraging healthy lifestyles and improved health of your employees can affect how much you spend on healthcare each year.


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