When it comes to purchasing the appropriate insurance and healthcare benefit plan solutions, hedge funds have a unique set of challenges. Having advisors that are experienced with only their best interest in mind is critical.
Here are some of the reasons we get hired by hedge funds:
We have many years of experience in helping hedge funds from start up to multi-billion dollar global funds.
We act as a single point of contact for all issues related to insurance, benefits and Human Resources. We evaluate the pros and cons of outsourcing or insourcing Payroll, Benefits and H.R.. We are a trusted advisor that many firms have come to rely on for getting experienced and unbiased advice.
We relentlessly pursue the best coverage terms and price for our clients which often is a combination of service providers and insurance products.
Employee Benefit Local Broker Search
Payroll, HR and Benefit Plan Outsourcing Solutions
PE-curement Services – Identify and execute aggregated portfolio purchasing opportunities
Our business model is tailored to provide Private Equity firms exactly what they need— an experienced, independent advisor that will work on their behalf, directly with the portfolio management team, to insure their benefit plans are cost competitive and positioned to achieve their goals and objectives. Further, we help identify savings opportunities across portfolio that would often go overlooked— even in an aggregated broker model.
Even PE firms who have an aggressive operational philosophy have struggled with healthcare. Many PE firms have experienced first hand the challenges of tackling healthcare and have determined the obstacles and disruption outweigh the savings opportunity. However, with family health insurance premiums now exceeding $15,000 per year, doing nothing is not an option.
There are some benefit products that do quite well in aggregation model and do not have nearly the interruption to your portfolio executives, your employees and their families. REDGATE has experience in helping PE firms identify what those opportunities are and laying out the best strategy for improvement based on the culture of the PE firm and a host of other factors. Increasingly, portfolio executives desperate to control healthcare costs are looking to their financial sponsors for help. We aim to be in the middle identifying opportunities, managing expectations and overseeing a mutually developed strategy in partnership with your local brokers and consultants providing day-to-day service.
When it comes to structuring Group Protection benefits (Life, Accidental Death, Disability and Long Term Care plans), few firms can match our experience. Many law firms have implemented group insurance strategies that combine the foundation of low cost of group insurance with the portability and risk transfer benefits of firm sponsored individual insurance programs. However, insurance markets have changed considerably over the past several years, and these plans should be reevaluated.
Consider the following:
In varying degrees, nearly every insurance carrier underwriting Group Long Term Care insurance has exited the market leaving law firms high and dry. Where have all the carriers gone? Should the firm continue to sponsor a GLTC benefit? implementation at this time.
A sustained low interest rate environment has impacted Group Universal Life plan returns significantly. Are they worth the extra expense?
Group and Individual Disability income (IDI) rates have been adjusted down by many carriers. Underwriting offers have improved significantly. Disability insurance plans should be evaluated periodically to insure the firm is providing its Partners, attorneys and staff best-in-class product at the lowest possible cost.