4 minute read One major repercussion of the COVID-19 pandemic is that employees are embracing the voluntary benefits their employers are offering them, but they’d like to see more choices and issues such as mental health and voluntary benefits have risen to the fore. The Hartford’s “2021 Future of Benefits Study” found that before the […]
Pandemic Brings Voluntary Benefits to Fore Read More »
32 second read I hear quite a lot âwhy isnât this covered????â Usually, the answer is it is covered, it just isnât paid for yet. People DO NOT like this answer. I am sure you might have experienced this. These are the four ways people pay for health care, if they have insurance: Copay Deductible Co-insuranceÂ
4 Ways to Pay Health Care Costs Read More »
3 minute read Insurance rates are rising rapidly for contractors, particularly for builder’s risk and excess liability policies as the cost of claims continues to increase dramatically. While rates for builders’ risk have been averaging 10 to 20%, pricing for excess liability and umbrella coverage have in some cases doubled from the year prior. Both
Builder’s Risk and Umbrella Insurance Pricing Climbing Fast Read More »
36 second read I was involved in a discussion about health plan components last week (yes, only for insurance nerdsâŠ) and I heard the best explanation of how a health plan should work EVER. Plan Sponsors are the Master. All service providers are Servants to the Master. I believe in common law, if Servants withhold
Why DO prescriptions cost so much? Read More »
4 minute read As the labor market tightens and businesses struggle to attract new talent, many companies are starting to boost their employee benefit offerings, particularly voluntary benefits. But besides added benefit choices, what many employees want is relief from continually increasing health premiums as well as more options to choose from for their health
Tackling the Group Health Employee Premium Burden Read More »
21 second read Solving Health Insurance problems is just like solving every other problem you have (successfully) solved in your business â and letâs be real⊠Youâve solved a lot of problems!!! Here is the crux of it: Do you take the discounts every time you can? Net 10 or Net 30? Those savings can
Pay Fast; Get the Discounts Read More »
2 minute read Research has found that employers who offered their workers stand-alone vision benefits experienced $5.8 billion in cost savings in the aggregate over four years due to reduced health care costs, avoided productivity losses, and lower turnover rates. That’s because individuals who receive an annual comprehensive eye exam are more likely to enter
Vision Coverage Can Reduce Overall Health Care Costs Read More »
48 second read On todayâs episode we are going to talk about premium discounts. I talk with clients all the time about what they need and what they want in their health plan. This particular conversation might be interesting to you because it illustrates what many employers think⊠but doesnât get at the heart of
3 minute read Drug abuse is costing U.S. employers some $81 billion annually due to employee illness, absences and lost productivity, and the problem has only gotten worse during the COVID-19 pandemic, according to a new study. The National Council on Alcoholism and Drug Dependence found that 70% of the estimated 14.8 million Americans who
Employee Drug Abuse Weighs on Employers Read More »
14 second read Sustainability is at the forefront of just about every business leaderâs mind. When I think about sustainability, I usually think about the environment, social standards and fair governance. Your healthcare budget â and plan! â can play a role in all three. Letâs talk about that.
How not to have a Lawsuit Read More »