The Rev. Jeff Thiemann, President and Chief Executive Officer of Portico Benefit Services, has announced that he will retire on […]
Experience the Power of Our Participant Pool
A portico is an entry point, connecting to something larger. Portico connects smaller organizations to our existing pool of participants, offering everyone the health benefits that result from the negotiating power and financial strength of a large group.
You can find health plans that may offer low rates, but those plans may not include the coverage and wellness programs your employees need or protect your organization from the cost impact of catastrophic claims.
Portico’s participant pool and asset scale add value by helping you to:
Increase your buying power
Thousands of congregations, plus colleges and universities, and social ministry organizations make up Portico’s pool. Together, the collective buying power of the group allows Portico to negotiate better rates, helps keep those rates stable, and offers potential cost savings.
Minimize risk from chronic conditions and high-cost claims
A larger scale of participants means that risks can be distributed, and high-claim health costs can be absorbed more cost-effectively, helping to create a more stable rate structure.
Increase access to better providers and programs
Small employers typically have fewer choices for providers and programs. When you tap into Portico’s buying pool, you can offer your employees access to best-in-class health benefits and wellness programs, and retirement services that often would otherwise be unavailable.
Case Study: Lutheran Metropolitan Ministry
Learn how Lutheran Metropolitan Ministry (LMM) transitioned health, dental and vision plans over to Portico. LMM experienced immediate cost savings as a result of Portico’s participant pool. The experience was so positive, LMM feels like they’re offering a true benefit to their employees again.
Balancing Budgets and Benefits
For faith-based organizations, the cost of employee benefits impacts your budget and the ability to offer important programs and services to your staff. You may not know that on average, smaller organizations contribute more than larger organizations per employee for the same benefits packages.1 Portico helps you serve your employees well, with better benefits — and helps your organization attract and retain the right staff.
12022 Employer Health Benefits Survey, Summary of Findings, Kaiser Family Foundation .