Filip Lundstedt
speaker
192 appearances
2 recordings
2 series
first heard Mar 2025
last heard May 2025
Filip Lundstedt’s voice in public audio — every appearance, attributed to the second.
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Appearances
Living The Red Life · Filip Lundstedt on Turning Insurance Into a Profit Machine · 6 Mar 2025
podcast
That's where it really comes in with hospitals because you get an emission rate of up to $3,000 and then up to $5,000 a day that you're in the hospital. So now you've got eight grand. You're making a profit. You have a baby. You make a profit.
So they're giving you a couple grand more to go up to five grand to be in?
Per day. Per day.
And the beautiful- It's kind of like stock trading, but betting when it goes up and then also if it drops.
Exactly. It's mitigating all your risk, right? And the thing is, most people will look for low deductible insurance because they're worried that if something happens to me- Well, that's what I did.
Yeah. I would always say, find me, you know, one of the, I don't mind paying more. I just, I don't want to have to pay nine grand because I fall off my bike. Right. Exactly. A little
And the thing that we do with most people, including you, is we go, no, you don't want to do that. What you'd rather do is have a higher deductible, pay a lower premium, and then get an indemnity product on the back end.
Because it's cheaper to add the indemnity monthly than it would be just to pay for the higher premium.
It's cheaper to have the two products, and then you have full safety and protection between the two. I call it like a gift box strategy. The insurance, catastrophic insurance, is the foundation. And then the box around it is the protection of an indemnity policy
And then the ribbon would be like dental or mental therapy or something of that or an HSA, something that's just that little bit extra to make it a little bit fancier.
And if you've got 20 mil in the bank, you probably don't care if it's a five grand deductible, right? No, you don't, right. But it's like if the five grand is still going to hurt you, then it's worth paying $100 a month to get that or whatever it would cost to get that reimbursed.
But you know, Rudy, even if you had $20 million in the bank and you go to the hospital and you show your insurance card and the next thing you know, you get a check and you made two grand, you're gonna be like, what? It's just, for most people, it just doesn't make sense. They're like, how does this, how did that happen? You gotta remember, 80% of people that are paying premiums for insurance
Never use it.
Well, that's how insurance works. That's how they make money. Exactly. They always win unless there's a hurricane in Florida. And then they might lose that. That's why I'm not in that business.
Homeowner's insurance, forget it. It's crazy to me. But with health insurance, it works like that all the time. And same thing with business owners. They're looking at it from an aspect of, well, these are dollars that have to go out for employees. And I'd rather put that into marketing or whatever, whatnot. I said, well, what about retention?
and hiring people, you should have a great benefit system.
Even the dollar amount to pay for insurance for health employees, there are ways to even like get tax write-offs from that and strategies where it's not as much as you think once you do the maths, right?
Correct. Not only that, you can do, there's certain, if you offer wellness programs, there's a tax code section 125C that the government will actually give you breaks in your FICA tax. and it's up to $500, $600 sometimes per employee per year. So if you got 100 employees, you're getting all this money back in tax breaks, right? As the employer, the employee then has an indemnity product
And the indemnity product is like a mental health, nutrition counseling, something like that. And we automate the system. So every month we're sending a text message to the employee saying like, how are you feeling today? Just to keep it in layman's terms. And they're like, I feel great. Fantastic. Well, that initiates the indemnity. So then the indemnity reimburses the money they pay.
So it cuts their taxes in half. for the employee. So they're paying half in taxes and the savings that they get in their taxes then buys insurance. So a lot of times with the companies we have, one, they're getting massive rebates back, two, the employees are getting free health insurance. Free health insurance, free life insurance, free HSAs. And it's like, what?
Showing 141–160 of 192 · page 8 of 10
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