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News

Mark Robertson Joins Health Cost Solutions Sales Team

Health Cost Solutions Opens New Position During Company-Wide Growth

Sales Consultant – HCS

Health Cost Solutions Celebrates Thirty Years of Innovative Cost Containment

Health Cost Solutions Welcomes David Cheek, VP of Sales and Marketing

Health Cost Solutions Announces New Director of Marketing, Paul Heard

The Health Insider

Fully Insured Rates Skyrocketing According to Recent Forbes Column

Mitigate Exposure Through a Captive Plan

New Look, Same Great Benefits

Significant Growth in First Quarter

Events

4/24/19-4/26/19
TPMA
Sheraton Downtown, Memphis, TN

5/1/19-5/2/19
TNAHU Symposium
Nashville, TN

Fall/TBD
GLAHU
Louisville, KY

Mark Robertson Joins Health Cost Solutions Sales Team

November 12, 2019 (Hendersonville, Tenn.) - Health Cost Solutions (HCS) today announced that Mark Robertson will be joining its sales team as a Senior Sales Consultant.

Robertson has more than 30 years of experience and a proven record of success in the employee benefits industry. Prior to joining HCS, Robertson served as Vice President of Sales for a third party administrator in the Dallas-Ft. Worth market. He also served as a Senior Sales Representative for Blue Cross Blue Shield of Texas for 11 years. Robertson’s areas of expertise include Self-Funded and Level Funded Plans, along with HSA/FSA/HRA and consulting design.

“Mark is a valuable addition to our HCS team,” said David Cheek, VP of Sales & Marketing. “He brings a wealth of industry experience to the team and his ability to develop creative, efficient, and effective healthcare solutions is a win for our clients.”
“I’m excited to join such a dynamic organization as HCS,” Robertson said. “Their line of products and services help make health insurance and employee benefits more affordable for midsize and large employers.”

In his role at HCS, Robertson will be responsible for helping brokers and agencies find innovative solutions through Health Cost Solutions’ vast product platform.

About Health Cost Solutions:

Health Cost Solutions (HCS) is a Tennessee-based third party administrator with an innovative approach to delivering a cost-controlling health benefits program for employer groups. With over 30 years of experience, HCS provides a suite of services, including: self-funded medical plans, pharmacy benefit management, reinsurance/stop-loss coverage, COBRA administration, and more. For more information, visit hcsbenefits.com.

For more information about HCS, contact David Cheek at 615.590.1200 or dcheek@hcsbenefits.com or Mark Robertson at 615.590.1201 or mrobertson@hcsbenefits.com.

Health Cost Solutions Opens New Position During Company-Wide Growth

July 17th, 2019 Hendersonville, TN - Health Cost Solutions (HCS) is actively seeking an experienced sales consultant to join their growing team of employee benefit plan experts.

The company has experienced significant strides in recent years, with 60% growth in staff in 2018, and a 22% increase in staff in 2019. This year also saw the company reach 30 successful years of innovative cost containment for clients of all sizes.

As HCS expands to bring solutions to clients nationwide, the need has arisen to create and fill a new Sales Consultant position in the Texas, Florida, and Illinois regions. The preferred candidate should have a vast network of benefit broker/consultant relationships, extensive experience in healthcare or insurance-based Outside Sales and intimate familiarity with the Reinsurance Markets and RFP process.

“We’re excited to bring the unique solutions for employee benefits that so many HCS clients have enjoyed for years to ever expanding new areas throughout the country,” said David Cheek, HCS Vice President of Sales and Marketing. “It’s an exciting time for us, and we plan to see a lot of good things come out of this new position and the relationships it will foster.”

Any persons interested in this position should contact David Cheek, VP of Sales and Marketing at (615)-590-1200.

About Health Cost Solutions:

Health Cost Solutions (HCS) is a Tennessee-based third party administrator with an innovative approach to delivering a cost-controlling health benefits program for employer groups. With over 30 years of experience, HCS provides a suite of services, including: self-funded medical plans, pharmacy benefit management, reinsurance/stop-loss coverage, COBRA administration, and more. For more information, visit hcsbenefits.com.

For more information about HCS, contact William C. Beeler at 615.822.0483 or bbeeler@hcsbenefits.com.

Sales Consultant – HCS

Overview:
The Sales Consultant participates in the sales and services of Health Cost Solutions (HCS), a Third Party Administrator, through employee benefit broker/consultant relationships. The preferred candidate should have a vast network of broker/consultant relationships, as well as being tasked with continuing to pursue new ones. He/she will assist in the RFP process and must be motivated, a self-starter, eager to learn, and looking for a long-term opportunity.

QUALIFICATIONS

Education:

  • Bachelor's degree from an accredited college or university

Experience:

  • 8+ years of experience in Outside Sales, preferably in a healthcare or health insurance environment
  • Third party brokerage experience
  • TPA and/or Stop Loss experience would be a plus
  • Have understanding of Reinsurance Markets
  • Highly skilled in MS Word, Excel, PowerPoint, & Outlook with strong organizational skills
  • Ability to work with SalesForce would be a plus
  • The ability to multi-task and have outstanding communication (verbal and written) skills

Health Cost Solutions Celebrates Thirty Years of Innovative Cost Containment

Hendersonville, TN (April 15, 2019): Health Cost Solutions (HCS) announced on April 3, 2019 the company’s 30th anniversary as an independent Third Party Administrator (TPA) of self-funded group medical plans.

Health Cost Solutions, previously known as William C. Beeler and Company, was founded in 1989 to deliver innovative options for group health plans. Since then, the company has helped numerous employers in Tennessee and nationwide achieve and exceed the financial and benefit objectives for their companies’ health plans.

Founder and President William C. Beeler and Vice President Tawanda Travis have remained with Health Cost Solutions since its founding, leading the company with the insight and expertise that only comes from decades of committed service.

“It’s quite an accomplishment for any company to achieve decades of success,” said Beeler. “We could not be more proud that our own organization has reached thirty years strong. Not just thirty years in business, but thirty years of delivering creative, reliable solutions for the people we serve.

HCS has carved out a notable standing for itself in the group insurance marketplace, staying ahead of the competition through constant innovations in risk management and cost containment. Services offered include value-based payments, group captive solutions and employer aggregate protection. The success of these strategies is evident in their above average client retention rate.

“We are thankful for every person here at Health Cost Solutions who has helped to build our TPA’s reputation for dependability and leadership,” said Beeler. “We trust that three decades of success not only proves but reinforces this distinction to sustain it through decades to come.”

About Health Cost Solutions:

Health Cost Solutions (HCS) is a Tennessee-based third party administrator with an innovative approach to delivering a cost-controlling health benefits program for employer groups. With over 30 years of experience, HCS provides a suite of services, including: self-funded medical plans, pharmacy benefit management, reinsurance/stop-loss coverage, COBRA administration, and more. For more information, visit hcsbenefits.com.

For more information about HCS, contact William C. Beeler at 615.822.0483 or bbeeler@hcsbenefits.com.

Health Cost Solutions Welcomes David Cheek, VP of Sales and Marketing

Hendersonville, TN (January 7th, 2019): Health Cost Solutions (HCS), a national leader in the third party administration marketplace, is pleased to announce the addition of David Cheek as Vice President of Sales and Marketing.

David’s lifetime career experience uniquely qualifies him for this position. He brings nearly 25 years of experience in the insurance industry to his role at HCS, during which he served as Vice President of Sales for several Fortune 500 companies including Coventry Healthcare and Pan-American Life, as well as Director of Sales for Unicare, an Anthem company.

HCS is confident that David will be a valuable asset to the Sales and Marketing department. His career achievements, in and outside of employee benefits, include: the planning, development and execution of sales strategies achieving triple digit revenue increases; owning and co-owning several successful businesses; and work as an independent financial advisor with Series 7 and 66 securities licenses.

David joins HCS from Frisco, Texas, where he was actively involved in the Frisco Chamber of Commerce, several local charities and other community events. David is also a public speaker and published author of the best-selling book, “Got Passion?”.

About Health Cost Solutions:

Health Cost Solutions (HCS) is a Tennessee-based third party administrator with an innovative approach to delivering a cost-controlling health benefits program for employer groups. With over 30 years of experience, HCS provides a suite of services, including: self-funded medical plans, pharmacy benefit management, reinsurance/stop-loss coverage, COBRA administration, and more. For more information, visit hcsbenefits.com.

For more information about HCS, contact William C. Beeler at 615.822.0483 or bbeeler@hcsbenefits.com.

Health Cost Solutions Announces New Director of Marketing, Paul Heard

Hendersonville, TN (February 8, 2016): Health Cost Solutions (HCS) is proud to announce that Paul L. Heard has been named Director of Marketing. In his new role, Paul will be responsible for sales of HCS products and management of the sales team. He will report directly to William C. Beeler, Founder and Chief Executive Officer of HCS.

With extensive experience in the reinsurance space, Heard brings a wealth of industry knowledge to the HCS team. He prides himself on staying current on industry trends and developments, and is passionate about connecting and collaborating with other industry experts. He has developed a reputation as a creative and out-of-the-box thinker, which will help HCS clients meet their strategic objectives.

“With more than 30 years of employee benefits experience, Paul is a fantastic addition to the HCS team,” says Beeler. “He brings a lot of passion and innovation to this field and to our company. His work as a consultant and regional sales manager deliver a deeper level of knowledge to the HCS leadership team. We are excited to have Paul and look forward to what the future holds.”

About Health Cost Solutions:

Health Cost Solutions (HCS) is a Tennessee-based third party administrator with an innovative approach to delivering a cost-controlling health benefits program for employer groups. With over 30 years of experience, HCS provides a suite of services, including: self-funded medical plans, pharmacy benefit management, reinsurance/stop-loss coverage, COBRA administration, and more.

For more information about HCS, contact William C. Beeler at 615.822.0483 or bbeeler@hcsbenefits.com.

The Health Insider

There are a variety of exciting updates to share in this issue of The Health Insider, including a new website, new communication materials and new options for clients. At Health Cost Solutions, we offer some of the most flexible and innovative products in the marketplace, while providing the level of service you have come to know and expect.

Click here to view the latest edition of The Health Insider!

Fully Insured Rates Skyrocketing According to Recent Forbes Column

Hendersonville, TN (June 30, 2014): Recent news of continued rate increases in the medium to large group (50 - 1,000 employees) marketplace has many companies considering other healthcare options for their employees.

In May 2014, FORBES columnist Scott Gottlieb discussed the findings from a recent survey of 131 brokers across the United States. It was determined that average premium increases were in excess of 6% for January 2014 effective dates. This is a significant increase from less than 3% increases found quarterly since 2010.*

These premium increases have resulted in many employers paying the majority of employee health insurance costs, negatively impacting their company bottom lines. In 2015, employers with 100 or more full-time employees will be required to offer health coverage to more than 70% of their full- time employees or face a penalty of $2,000 per full-time employee (less 30 full-time employees) if health coverage is not offered and just one of their employees enrolls in the exchange and receives premium or subsidy assistance. This penalty does not apply to employers with less than 50 full-time employees. Employers with 50 to 99 full-time employees will not be subject to the penalty in 2015, but will be subject to the penalty in 2016.

The utilization of a captive plan allows employers to meet ACA requirements while controlling their costs through custom plan designs specifically fit for their business needs. Self-funding options, such as Risk Solutions Captive, Inc., have become attractive to companies seeking a solution that will reduce employer healthcare costs, improve employee wellness, streamline healthcare delivery and achieve long-term stability.

About Risk Solutions Captive:

Risk Solutions Captive, Inc. (RSC) provides innovative solutions for companies with 50 or more employees in the self-funded arena. RSC’s partnership with Health Cost Solutions (HCS), the TPA, provides the foundation for RSC with a variety of services including claims payment, cost containment, billing, reporting, and COBRA services. By partnering with a highly rated reinsurance carrier and Health Cost Solutions, Risk Solutions Captive offers risk protection from high-dollar claims exposure and the highest quality TPA services.

Mitigate Exposure Through a Captive Plan

Hendersonville, TN (July 16th, 2014): Bill Beeler, President of Risk Solutions Captive, Inc. (RSC), was recently featured on the radio program Inside Healthcare: Critical Thinking for Turbulent Times. Beeler and the host of the show, Robert Chamberlain, discussed how American businesses today have different options related to their healthcare, specifically in the self-funding arena, one of which is the new captive product offered by Risk Solutions Captive.

Beeler explains, “Employers have become more aware of the health benefits they provide to their employees because of the mandated benefits that are part of the act (The Affordable Care Act) as well as the penalties and fines associated for employers that do not provide the minimum benefits as well as the affordable benefits. This has made employers pay more attention to their plan, want more information about their plan, and try to find out what drives the cost of their plan. Until now they have not had this information. All they’ve had from a carrier is a set of rates and a premium increase. Those days have come to an end...Employers want more knowledge. They want more data that they can act upon.”

Partnering with Health Cost Solutions and a highly-rated reinsurance carrier, Risk Solutions Captive provides employers and benefit consultants with ACA compliant options designed specifically for their employees.

“Risk Solutions Captive is basically an insurance company; we have our certificate of authority in the State of Tennessee, we market to employers with 50 employees and above, down to 25 if they have a favorable population, and we allow those groups to participate in our captive, RSC, but we also set up a separate captive cell for that employer group below RSC and they’re responsible for a portion of the risk on the front end. Anything over a certain dollar amount cedes to RSC and then over a certain dollar amount it goes to the reinsurance carrier. It allows those employers to get into the self- funded environment and not experience those peaks and valleys of a self-funded plan,” Beeler said.

Click here to hear the complete interview and learn how Risk Solutions Captive is addressing the growing cost of healthcare coverage through affordable self-funding options.

About Risk Solutions Captive, Inc.:

Risk Solutions Captive, Inc. (RSC) provides innovative solutions for companies with 50 or more employees in the self-funded arena. RSC’s partnership with Health Cost Solutions (HCS), the TPA, provides the foundation for RSC with a variety of services including claims payment, cost containment, billing, reporting, and COBRA services. By partnering with a highly rated reinsurance carrier and Health Cost Solutions, Risk Solutions Captive offers risk protection from high-dollar claims exposure and the highest quality TPA services.

New Look, Same Great Benefits

Health Cost Solutions (HCS) is proud to announce the addition of a Spending and Savings Statement and new Website for 2014.

The Health Cost Solutions Spending and Savings Statement shows a detailed summary of expenses, activities and healthcare purchases for you and any others on your plan. The statement also shows the total savings received from plan discounts and the benefits paid by your health plan.

Health Cost Solutions’ new website will be active this quarter, with an entirely different look and improved functionality. Visit hcsbenefits.com to find the answers and tools you need to manage your health plan.

Thank you for being a Health Cost Solutions customer and we appreciate your business. Please feel free to contact us if we can be of assistance to answer any of your questions.

For your convenience, you can view your healthcare spending and savings statement and EOB forms online at ManageBenefits.com.

Significant Growth in First Quarter

Hendersonville, TN (April 7, 2014): Risk Solutions Captive, Inc. (RSC) is pleased to announce it’s first quarter results. To date, 9 groups from 3 states, 1,650 lives, have joined the captive with a current premium of $6,900,000.

Risk Solutions Captive offers a new way to provide quality healthcare coverage for employees at an affordable rate. By teaming with Health Cost Solutions and a highly rated reinsurance carrier, RSC provides quality plans with limited exposure from the insured’s perspective. These partnerships have allowed our groups to see an increased level of cost savings within their companies.

“Finally, a solution for employers our size that allows our company to take advantage of Self-Funding in a Captive arrangement. We could not afford to self-fund our benefits until the captive solution was introduced. The set-up was very easy for the company and our employees.”
—Religious Group, Tennessee (58 Employees)

Outreach efforts for the quarter have included attendance at local and regional conferences, as well as meetings with brokers/agents across the United States. The RSC team will be available to answer questions at many events across the Southeast for 2014.

About Risk Solutions Captive:

Risk Solutions Captive, Inc. (RSC) provides innovative solutions for companies with 50 or more employees in the self-funded arena. RSC’s partnership with Health Cost Solutions (HCS), the TPA, provides the foundation for RSC with a variety of services including claims payment, cost containment, billing, reporting, and COBRA services. By partnering with a highly rated reinsurance carrier and Health Cost Solutions, Risk Solutions Captive offers risk protection from high-dollar claims exposure and the highest quality TPA services.