October 09, 2008 14:48 ET

Law Firms Face Health Insurance Discrimination, Says Benefits Expert Jim Edholm

Creative Strategies Can Cut Costs up to 13%

ANDOVER, MA--(Marketwire - October 9, 2008) - Despite their white-collar stature, law firms may face "health insurance discrimination," says Jim Edholm, President, Business Benefits Insurance (BBI), a leading employee benefits planning firm based in Andover, Mass.

"Carriers often 'rate up' or surcharge white-collar professions," Edholm explains, "because they assume such employees will overuse the benefits in the plan." Thus, premiums for law firms may be higher than those for other industries.

But Edholm's experience suggests that creative strategies for structuring law firms' healthcare plans can prevent such discrimination to the benefit of both law firm partners and their employees. Properly structured plans can lower health plan costs by 3% - 13%, without cutting benefits and without necessarily changing carriers.

Properly structured plans can also literally "put cash in employees' hands," thus helping reduce turnover, as well as enhance the tax picture of partners and/or LLC owners, he says.

"Not every firm can achieve every benefit," says Edholm, "but in 14 of 17 recent designs or renewals, our firm has helped law firm owners achieve at least one of these results."

Free Report Shows Mass. Lawyers How to Cut Costs

BBI has developed three "creatively strategic" approaches to Massachusetts health plan design and is now offering, for a limited time, a free report outlining these strategies, including how they can help both employer and employees.

"How Attorneys Can Lower Healthcare Costs, Maintain Benefits and Put Cash in Employees' and Partners' Hands" is available upon request by phoning toll-free to 866-967-5123 x121, faxing complete contact information to 978-474-4379 or visiting

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