Miami Businessman Announces Formation of Sankaty Light Benefits; Launches Unique Health Care Cost Reimbursement Plan
April 1, 2020
MIAMI, Fla.; April 2020— Miami businessman Steven Jacobson has formed Sankaty Light Benefits (SLB), a health care and insurance services company that provides innovative solutions to the challenges businesses face in today’s costly health care environment and highly competitive workplace.
According to Jacobson, President and CEO of SLB, the company’s newly launched Sankaty Key Employee Health Care Cost Reimbursement Plan offers businesses one of the most cost-effective ways to boost their primary health plan benefits, recruitment incentives and overall compensation packages for select personnel who drive and sustain business growth.
He explained, “With today’s soaring deductibles, co-pays, co-insurance and other out-of-pocket expenses not covered by a company’s primary medical plan, it’s difficult and cost-prohibitive for businesses – particularly those small- to mid-sized – to provide key employees with the added level of health insurance coverage they want and seek. Our plan provides direct, tax-advantaged reimbursement to key employees and their eligible dependents for health care expenses not covered by their employer’s underlying medical plan – plus, premium costs are tax-deductible for employers.”
Jacobson added, “Our plan also provides employers with a cost-efficient incentive for recruiting new high-level talent, rewarding existing key talent and retaining both. It’s a win-win for employers, employees and health insurance brokers alike.”
Before forming SLB, Jacobson served from 2004 to 2015 as founder and CEO of Miami-based Olympus Managed Health Care. Under his leadership, Olympus became a leading, worldwide provider of health care claims administration and cost containment services.
Sankaty Light Benefits is a Miami-based, privately held health care and insurance services company that provides business with cost-effective solutions for today’s costly health insurance environment. Its plan is underwritten by United States Fire Insurance Company, an affiliate of Crum & Forster. For more information about SLB, its products and CEO Steven Jacobson, please visit www.sankatylight.com.