Tom Quigley is a Co-Founder, Vice President, and National Business Consultant of ClaimLinx, a company that provides companies with a solution to reduce and manage their health insurance premiums and health care costs. ClaimLinx provides a simple, elegant, and legal solution, based on a law called Section 105, allowing small businesses to save thousands, while providing better coverage for their employees. In this episode, Tom shares how you, too, could be saving a hefty buck on your health insurance premiums, and increasing your profits!

 

Key Takeaways:

[:20] John introduces his guest for today — Tom Quigley

[1:05] What does ClaimLinx do? What is the objective of the company?

[2:00] How was the idea for this business born?

[3:37] John shares a little about Ed Lyon's history.

[4:26] Tom reveals that the rules are in the favor of the consumer, but they don't realize it!

[5:05] The problem with insurance is that it's being sold by insurance agents who have a vested interest in the highest possible premium — it's a conflict of interest!

[6:40] There's an additional fiduciary issue when business owners ask their employees to contribute more income towards health insurance, which is a similar situation as with the 401k.

[9:37] There's a difference between health insurance and "maintenance." How have business owners drifted from health insurance toward "maintenance"?

[11:25] John summarizes Tom's recommendation — buy health insurance like you buy car insurance.

[14:45] Think about why we buy health insurance, and how to maximize the coverage for what it really should be for (major incidents).

[15:53] Tom talks about the 50-year-old tax law — Section 105 of the Internal Revenue Code.

[18:20] Congress passed the Small Business Healthcare Relief Act, that basically supports what Tom does for his clients, which helps lower health insurance costs even more.

[20:40] John shares a real-life example of what Tom does with his own company.

[23:15] All the savings in health insurance premiums go straight to your bottom line!

[24:35] Tom explains a little more about the HIPAA laws.

[27:15] Tom's solution to high health insurance premiums and health costs for companies is simple, elegant, and legal! It's basic math!

[30:30] What obstacles has Tom faced?

[33:05] Contact Tom and ClaimLinx, to make a difference to your business!

 

Mentioned in This Episode:

Financial Gravity

The Financial Gravity Podcast with John Pollock

ClaimLinx

Call ClaimLinx at (513) 677-6262

TaxCoachSoftware

Ed Lyon — Financial Gravity Podcast