Episode Summary
In this episode, Heather Ryan shares her expertise when it comes to maximizing your employee benefit selections.
My guest on today’s episode of The Retiring Entrepreneur Podcast is Heather Ryan. Heather is the founder of HG Ryan Benefits, a South Carolina-based consulting firm focused on helping local businesses navigate their employee benefit options. For the last 30 years, Heather has partnered with businesses and their employees to help them gain maximum value from their benefits.
What’s unique about Heather, however, is the value she delivers to her clients in an otherwise highly commoditized space. Unlike larger firms, HG Ryan Benefits is committed to providing high-touch service not only to its clients, but to its clients’ employees as well.
As a result, Heather’s job doesn’t end after helping her clients choose their benefits. Rather, her relationships tend to be ongoing in nature, making her a true partner to the organizations she works with.
In this episode, Heather and I discuss some of the most common mistakes business owners make when it comes to choosing medical insurance, and how small group insurance has changed since the passage of the Affordable Care Act. In addition, Heather shares some lesser-known strategies that can help small business owners make smarter choices when it comes to maximizing your employee benefit selections.
We also talk about some of the challenges Heather has faced as her business has grown, and how she’d like to see HG Ryan Benefits develop as the insurance industry evolves. And be sure to listen to the end, where Heather shares why she believes insurance is a great industry for female entrepreneurs.
With that, I hope you enjoy this episode of The Retiring Entrepreneur Podcast with Heather Ryan.
Episode Highlights
- [15:42] Heather Ryan describes the value she adds for her clients as a one-person firm beyond pricing.
- [20:51] What business owners need to be aware of and avoid when it comes to medical insurance.
- [25:07] Heather Ryan shares how small group insurance has changed in the last five to ten years.
- [29:53] Why Heather believes ICHRA plans are the future of medical insurance in the small employer space.
- [37:23] Heather describes the largest hurdle for her when it comes to earning higher paying work.
- [40:23] Heather Ryan shares her exit strategy and why she believes the insurance industry is great for female entrepreneurs.
Enjoy the Episode!
