Trendsetters 2020 | Page 12

> Advocate Chamber offers a Spectrum of benefits F By Jason A. Smith or many businesses, health insur- ance is an unavoidable cost. Tom Dorywalski with Taylor Insurance has been in the insurance industry for 17 years and is aware of the changes that have taken place in the health-care marketplace. “What I’ve seen in the marketplace is there has been a rough 250% increase in the last 10 years,” he said about the cost of health insur- ance. “It’s been especially bad in the South. The common person can’t afford health insurance which means the common person can’t afford health care.” With the health-care marketplace hav- ing changed so much, the Valdosta-Lowndes County Chamber of Commerce partnered with Taylor Insurance to offer a group insurance plan to its members two years ago. Taylor Insurance was the architect in build- ing the Chamber Spectrum Benefits program, said Dorywalski, benefits advisor for Taylor Insurance. When Taylor Insurance brought the idea of Chamber Spectrum to Myrna Ballard, the chamber’s president, “she immediately saw the benefits of it to the community.” “Today, the average per employer per year savings is just short of $3,000,” Dorywalski said. These savings are a change from what Do- rywalski has been told by businesses for years: “There is nothing you can do about (insurance). The claims are the claims.” Taylor now has a response for those businesses and says that Chamber Spectrum Benefits are “changing the game and there is something we can do about reducing costs for those businesses.” Group health insurance works by using the buying and negotiating power of a large group, but individualizing health-care plans for all of 12 the businesses in the group, Dorywalski said. All of the businesses, from small to large, are then able to benefit from being a part of a larger group but still have their specific needs met. “From my perspective, to be able to find something like this and bring it into the com- munity and to offer roughly $1.6 million in premium savings is beneficial for everyone,” Do- rywalski said. “What we have seen is that busi- nesses are taking these savings and reinvesting it back into their people. It’s not just the business- es, but the people are coming out ahead.” Chloe Wade, membership and events direc- tor, echoed Dorywalski statement by adding: “It benefits the community because when some- one opens a small business – and say there are only three people – when the owner gets sick, they have to shut down the whole business for the day. So when they are able to get treatment sooner and get back to work sooner, they can get back to work sooner than they would have if they didn’t have insurance.” There are currently about 500 employees insured through Chamber Spectrum, Dorywal- ski said. The buying power of the 500 employees is just a small portion of the potential power the chamber would have if all 1,200 chamber businesses joined the program. Dorywalski said the most exciting part of the program is when an employer moves to Chamber Spectrum benefits and the move saves the business money, “the employee saves money, and it frees up capital for the employer to give other benefits to employees. That has been tre- mendous.” When asked about the effectiveness of Chamber Spectrum Benefits, he said: “I have it on my family. I wouldn’t put my wife and kids on something that doesn’t make sense.” Trendsetters | Valdosta-Lowndes County Chamber of Commerce