17 second read Big doors swing on little hinges… W Clement Stone (founder of Combined Ins Co of America) Today, I am going to show you a few risk management strategies – that you probably use elsewhere in your business – to swing those big doors in the direction you choose, rather than the direction […]
3 minute read A new study has identified the top five health conditions that are driving the overall cost of group health plan outlays, and without which spending would actually be falling. The report is enlightening, and employers can use the findings to offer programs aimed at education and prevention to help control their employees’
The Top Five Health Conditions Driving Insurance Read More »
21 second read “In theory there is no difference between theory and practice. In practice there is.” – Yogi Berra Did you ever hear the expression that every time a new middleman enters the deal, the price doubles? Did you know there are 4-6 middlemen in your pharmacy costs? And that one of
This is why your Rx cost so much Read More »
2.5 minute read COVID-19 workers’ compensation claims have not been as widespread as insurers and ratings agencies around the country had predicted when the pandemic first started in early 2020. Also, a large chunk of COVID-19 workers’ compensation claims filed by workers nationwide have been rejected, with insurers often citing lack of proof that the
Insurers Expected COVID-19 Workers’ Comp Surge; It Never Came Read More »
1 minute read As an employer, I suspect you look at your health insurance costs and just shake your head… WHY does it cost so much?????I also suspect you haven’t yet received good answers.Here is what it boils down to:Ultimately, YOU are the insurance company……fully-insured, level-funded, self-insured… doesn’t matter, it is all the same pie.For
Insurance Companies are like Casinos… they never lose Read More »
3 minute read While companies scramble to protect themselves against cyber criminals and malicious attacks on their servers, there is a growing amount of business compromise crime that uses both technology and a human touch to extract funds from businesses. Businesses have lost millions of dollars to social engineering scams, where attackers impersonate a company
Business Compromise Scams Continue Climbing Read More »
1 minute read Have you ever been in a store that is consistently having a sale? 40% off…. 50% off… Does that ever make you think… maybe the price they need you to pay to meet their revenue goal is actually 50%? Or, maybe they are still profitable at 60% off…. or even 70%
Why E + R = O might just save your company a bundle in 2021!?! Read More »
2 minute read There are new Summary of Benefits and Coverage notice requirements for health plans starting with the 2021 coverage year. The requirements, released by the Department of Labor, have new model templates, new instructions and new information that affects the coverage examples that are required to be in SBC documents that employers with
Changes for 2021 Summary of Benefits and Coverage Read More »
29 second read Did you know that health insurance contracts have the same components if they are fully insured or if they are self-insured. We show you how in this week’s video. Here is why this is important for your budget: The difference between having your own contract or borrowing the insurance companies is profit.
Self Insured Plans are Actually LESS risk to your Margin than Fully Insured Plans Read More »
3 minute read Besides the health and economic devastation that the COVID-19 pandemic has left in its wake, it has also caused supply chain disruptions that have affected a number of industries. The fallout for companies of all types illustrates the fragility of most businesses’ supply chains. The pandemic has left retailers with half-empty shelf
Supply Chain Disruption Lessons from Pandemic Read More »