In this episode of The Nexus Connection podcast, host Brian Garcia speaks with Bill and Ilya Geraci from MAGIC Insurance Solutions.

They discuss their unique approach to health insurance, focusing on self-funded plans, transparency, and innovative solutions like Direct Primary Care (DPC). Bill shares his journey in the insurance industry, including his experiences in Russia and the founding of MAGIC.

Ilya discusses his entry into the family business and their mission to improve healthcare for employers and employees alike.

The conversation highlights the importance of cost management, the challenges of traditional benefits, and the need for transparency in healthcare costs. They also share success stories that demonstrate the impact of their strategies on clients' healthcare expenses.

Takeaways:

Bill Geraci has extensive experience in the insurance industry, having transitioned from a traditional role to founding MAGIC Insurance Solutions.

Ilya Geraci joined the family business with a mission to bring positivity to the health insurance industry.

Self-funded insurance plans can provide significant cost savings for employers.

Transparency in healthcare costs is crucial for informed decision-making.

Many employers are unaware of the hidden costs associated with traditional insurance plans.

Direct Primary Care (DPC) offers a patient-centered approach that allows for more time with healthcare providers.

Proactive case management can lead to substantial savings in healthcare costs.

Prescription analysis can uncover opportunities for cost savings for both employers and employees.

The healthcare system often lacks transparency, leading to uninformed consumer choices.

MAGIC Insurance Solutions focuses on innovative solutions to improve employee benefits and reduce costs.

Keywords

health insurance, self-funded plans, direct primary care, cost management, transparency, healthcare challenges, family business, innovative solutions, prescription analysis, employee benefits, employer benefits