DALLAS, TX (SEND2PRESS NEWSWIRE) — American Construction Benefits Group (ACBG), today announced the launch of their captive insurance company dedicated to reducing the overall cost of health benefits for their member companies, while simultaneously improving employee benefits packages.
“I, like many of us in the industry, had become very frustrated by the skyrocketing costs of employee health benefits,” said Steve Heussner, President of Heussner Insurance Agency Inc. and Founder of American Construction Benefits Group (ACBG). “My solution was to create ACBG; a new company whose mission includes the following
* Promoting wellness among employees and their families.
* Identifying and implementing best practices and approaches in the administration and use of health insurance.
* Using group purchasing power to obtain superior services at a lower cost.
* Training members’ employees and their families to be educated consumers of health insurance services.
In order to participate in ACBG’s program, a contractor must become a shareholder. ACBG’s structure places ownership and responsibility back into the hands of our member companies. Ownership in ACBG gives companies the collective wisdom and the group purchasing power they need to obtain best-in-class benefits for their workforce and to simultaneously reduce their overall costs through best-in-class risk management.”
In order to become an ACBG member, a prospective shareholder makes an initial payment of $25,000, in exchange for which ACBG will conduct an exhaustive analysis of the company’s current medical benefits. The result of this analysis will be recommendations in such areas as: plan design, disease and health and wellness management, provider networks, prescription management, etc.. If the contractor agrees to implement ACBG’s recommendations, they are then invited to become a shareholder, make an additional $50,000.00 capital contribution and their initial $25,000 payment is applied to their capital account. In order to meet eligibility requirements, a contractor must spend a minimum of $750,000 on their medical benefits which generally equates to 150 employees on their medical plan.
In addition to the collective wisdom of the ACBG consortium and ACBG’s group purchasing power, companies have an increased incentive to employ sound risk management practices, and to promote employee benefits education and wellness. “How employees take care of themselves and how they utilize their healthcare definitely impacts a company’s bottom line,” said Heussner. “The healthier your workforce, the happier, more productive, and more profitable it is going to be.”
Modeled after a successful captive insurance company called ACIG, Steve is joined in the ownership of Dallas-based American Construction Benefits Group by 5 well-respected construction industry shareholders, including: J.D. Abrams LP, Jaynes Companies, Phillips & Jordan, Nabholz Construction Corp, and Clarkson Construction Company.
If you are a contractor and would like more information please contact Steve Heussner at (972) 201-0130.