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This profile was last updated on 3/14/14  and contains information from public web pages and contributions from the ZoomInfo community.

President

Benetech Inc. of North Greenbush
Email: b***@***.cc
Benetech Inc
PO Box 348
Wynantskill, New York 12198
United States

Company Description: Benetech is an employee benefits management and consulting firm whose purpose is to assist employers with the evaluation and management of their employees benefits...   more
9 Total References
Web References
"Some municipalities I've seen are facing ...
www.bizjournals.com, 2 Sept 2011 [cached]
"Some municipalities I've seen are facing pension contribution increases of 37 percent," said Barry McNamara, president of Benetech Benetech Latest from The Business Journals Six tips: Control what you can with your health premiumsHigh-deductible health plans go mainstream; experts say they can help cut costs, but they can backfire, tooMore business owners shift health care costs onto employees Follow this company , a broker based in Rensselaer County that works primarily with public-sector employers.
Barry ...
nysahu.org [cached]
Barry McNamara Benetech, Inc.
Doctor Blogger: Healthcare news
www.doctorblogger.net, 1 Dec 2005 [cached]
That's the smallest organization that should consider going the self-funding route," said Barry McNamara, president of Benetech Inc. of North Greenbush.
...
McNamara said every company will need 'specific stop-loss' reinsurance, which covers claims over a certain threshold and sets a limit for what the self-funder is liable for.
Self-funders can also pursue aggregate stop-loss reinsurance, which protects against employees' high utilization rates.This protection will reduce the risk of a quantity of significant claims.
"You might not have many claims at the attachment point of the stop-loss plan; but if you have a bunch of claims just short of that amount, you can leave your company vulnerable to very high expense," McNamara said.
Survey: HSA-related plans spark interest - 2005-03-21
albany.bizjournals.com, 18 Mar 2005 [cached]
"It is seen as a way to help control the cost," said Barry McNamara, spokesman for Benetech."Employers have run out of options for traditional cost-sharing and cost shifting.High-deductible plans offer a much more direct premium reduction."
McNamara said some employers can cut premiums enough to cover part of the employees' deductibles or provide a benefit--such as a dental plan--they had not previously offered and still come out ahead.
Although nearly half of the survey respondents told Benetech they expected to offer their employees a consumer-driven health plan option in the future, only 5 percent actually did as of late 2004.
The gap seems to exist primarily because local health insurers either just began offering consumer-driven plans or are still in the process of forming them.
"Development of the product locally is behind the interest," McNamara said.
"But there are fewer and fewer ...
albany.bizjournals.com, 6 Nov 2009 [cached]
"But there are fewer and fewer opportunities available for them to use the tried-and-true methods," said Barry McNamara, president of Benetech.
...
McNamara asked.
Cost sharing, or asking workers to pay more of their premiums, was next in popularity, at 31 percent. But here again, many employers have hit a wall.
"If I've increased employee contributions three years in a row, can I do it a fourth time in light of the economy? McNamara said.
...
"Eligibility is becoming more and more of a front-burner issue," McNamara said.
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