The federal Department of Labor has proposed a regulation that would make it easier for employers to classify workers as independent contractors. The regulation would use an “economic reality” test to determine a worker’s status. This means that if worker is an employee of a hiring entity “as a matter of economic reality, the individual […]
Proposed Rule Makes Independent Contractor Classification Easier Read More »
McKinsey & Company might know about Leadership. It’s their business to research! The CEO Moment is their new report about how CEO Leadership is changing right now. We’ve linked to it in the blog. The key takeaway: Intentionality What, exactly, does this have to do with your health care spend Exactly the same thing: Intentionality
What does McKinsey know about Leadership??? Read More »
With large employers expecting health insurance rates to climb 5.3% in 2021, they are concerned about how the COVID-19 pandemic will affect overall health care costs in the coming years, a new survey has found. Those expectations gleaned from the survey by the National Business Group on Health would mean average premiums and out-of-pocket spending
Pandemic Clouds Health Insurance Cost Predictions Read More »
Trust in insurance is a big deal. We have a complex medical system. People equate big insurance company ID cards with trust. But is that accurate? Does a big insurance company make sure your employees have access to high quality care? Do they ensure that you are paying only for the care your employees consume?
You took away my ID card!! Read More »
As the COVID-19 pandemic rages on and more employers bring staff back to the workplace, many businesses are considering implementing mandatory vaccination policies for seasonal flus as well as the coronavirus. A safe and widely accessible vaccine would allow businesses to open their workplaces again and start returning to a semblance of normalcy. But employers
The Big Question: Can Employers Require Workers to Vaccinate? Read More »
The only way to lower the cost of healthcare is to LOWER the cost of healthcare. RBP and PPO Discounts are two ways to address the issue. Two completely opposite ways to address that issue. As with most things, your perspective matters. There are good reasons for each –and sometimes they work in tandem. Has
As many states and municipalities have issued mandatory mask orders for businesses that are open to the public, operators like retailers and restaurants have been thrust into the front lines of reducing the spread of the virus by requiring customers to wear masks when on their premises. This has led to confrontations that sometimes result
Dealing with Violent Customers Who Refuse to Wear Masks Read More »
When we have to manage a large expense at my firm, we map out our needs and wants and then figure out how to make our budget work. I imagine you go through a similar process at your business. Do you do that for your healthcare budget? Do you perform the same oversite to your
With open enrollment right around the corner, it’s time to review the health plan options available to you for the next year and prepare your workplace for signing up for the 2021 policy year. The big decision for employers is finding a plan that fits not only their budget, but also the budgets of their
Getting a Head Start on Open Enrollment Read More »
The Chinese character for crisis contains two symbols –danger and opportunity. I think this is an accurate depiction of 2020!! And, yes, of the danger and opportunity in your health plan also. Conservative folks, and underwriters are absolutely conservative folks, have a hard time managing (pricing for) risk, in an uncertain market. This is the