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Life Science Companies Receive Best In Health Insurance with Beyond Benefits

By Shawn Pynes, Principal, Director of Employee Benefits Division

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clock August 28, 2017 at 10:00 AM

Benefits Beyond Measure SM Rectangle-01-3.jpgThe skyrocketing employee benefits rates have been a concern for the past several years, especially for life science companies with fewer than 100 employees, who are stuck with age-based rates.

Under a Trust, multiple companies come together as a common entity, giving them access to richer benefit plans at more affordable rates. Our Beyond Benefits Trust, designed for Biocom member companies, does just this.

With more than 250 life science companies and over 20,000 employees and dependents enrolled, the Beyond Benefits Trust allows member companies to attract key talent and protect their bottom line.

  • Unmatched Stability: Compared to similar start-up Trusts or industry-specific programs, the Beyond Benefits Trust has a proven five-year track record and a 96% client retention rate.
  • Backed by Experts: The partnership between Marsh & McLennan Agency, a full-service brokerage firm, and Biocom, the leading life science association in California, sets Beyond Benefits apart as the most credible option for life science employers to access rich employee benefits and first-class service and expertise.
  • Significant Savings: Since its inception in 2012, members of the Trust have saved a combined $6.9 million of medical premium in the first year of joining alone.

Compared to market trend rate increases exceeding 12% each year, Beyond Benefit’s 6% average five-year trend is well below rates experienced outside the Trust. The results don’t stop there. Our member employers are also seeing more benefits. “Having happy employees who know that they’re covered, as well as being able to attract talent has made a difference for us. With Beyond Benefits, we can remain competitive with companies of all sizes.”  – Controller, Evofem Biosciences

How does your benefits program measure up? Compare your current benefits plan to the 2018 Beyond Benefits Trust by clicking the button below.

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