So how can you control and limit the impact of medical inflation? There are no easy answers but a start is that you work with a company that is familiar with your type of risk. By experience we, at sea-med.com, know that seafarers is a relatively healthy group and they only visit the doctor if it is really necessary – we can see this in comparing claims statistics for this group of professionals with other groups. This means we can initially offer very competitive premiums to provide a comprehensive coverage.
Once your group is set up, we will help you to monitor claims statistics – this is important as very high claims can have an impact on your renewal premium. If we see that your claims are rising uncontrollably, we will help you to discuss different methods to contain this. It might be to look at the benefits offered, introduce a deductible or it may be to help your employees finding a more suitable medical provider offering the same or better treatments at a lower cost (it is important to note that this will in no way have an impact in the quality of care given to your employees).