Group Purchasing

Reduce risk and cost by leveraging the law of large numbers and group purchasing options.

Put the Law of Large Numbers to Work

Group purchasing is a way for smaller businesses to use collective purchasing power to secure lower prices. By sharing cost and liability, you decrease your overall risk. Join with your peers to make a group that is highly attractive to insurance carriers — and improve your leverage in negotiations.

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Purchasing Groups for Associations

Add value for your members with purchasing groups. Group purchasing lets you join with other businesses that share similar risk profiles to leverage an equity-based association plan.

Learn more about Association Plans

Health insurance might be your biggest line item. Use group purchasing to minimize that cost.

Alternative Funding: Group Purchasing Options

Use alternative funding options to manage benefits for your employees.

Alternative funding is a subset of group purchasing that gives you flexibility as you manage benefits like medical or life insurance.

Learn more about alternative funding

Employee Benefit Captives

Derisk your benefits plan by leveraging the law of large numbers by teaming up with other organizations of a similar size to group your employees together.

Self-Funded Medical Insurance

Eliminate excess costs and gain more flexibility with your business capital by leveraging self-funded medical insurance.

Direct Contracting

Establish a one-to-one relationship with a health system. This is ideal for organizations with a known, limited risk pool as it does place more ownership on you.

Jon Schulte, Small Group Benefits Expert

Featured Resource

Balancing Self-Funded with Stop Loss Insurance Plans

Companies often turn to self-funded health insurance plans to reduce costs. But larger-than-expected claims the employer might face could negate any savings employers anticipate over the cost of a fully insured plan.

Read the article

Learn About Captives and Stop-Loss Captives

Captives and stop loss captives are subtypes of group purchasing.

Group purchasing refers to the conceptual framework of joining a network and leveraging a group identity to purchase — insurance, supplies, materials, and more.

Stop-loss captives offer a stop-gap measure — a cap — so that your costs never extend far beyond what you can manage.

Learn more about stop loss captives

Employee Benefits Solutions

Strategic Benefits Planning

HR Technology and Benefits Administration

Pharmacy Benefit Management

Employee Benefits Compliance

Employee Benefits Analytics

Employee Retirement Plans

Alternative Funding

Wellness Solutions

Whether your group is fully-insured or self-funded, we have the innovative wellness solutions and clinical strategies to improve your employees health and well-being.

To learn more, talk to our wellness service team today.

Gain leverage when negotiating with insurance carriers using group purchasing.

Access all the benefits larger organizations gain by using group purchasing for your employee benefits.

Talk to an Advisor