March 27, 2023
Healthcare Concierge Services 101 A major issue in healthcare is the misalignment of interests and how cost does not always equal quality. At the LBL Group, we believe in affordable, easily accessible, and high quality healthcare for all, but how do we do that. A great solution is going self-funded and implementing a healthcare concierge …
March 22, 2023
We sometimes hear Captive Insurance and Self-Funding used interchangeably, but they are in fact two separate employee benefits strategies. Let’s explore how are they similar and how are they different. Captives and Self-Funding are not Fully-Insured To begin, let’s be clear that both of these strategies are an alternative to a Fully-Insured Health Plan. With a …
March 20, 2023
Rage applying is when young employees in professional fields get fed up with the workload, boss, compensation, or all of the above and apply to as many other companies as they can while soaking in their anger. The act of applying to other jobs when one’s morale is low is nothing new. But the term …
March 14, 2023
What is the Mindset Shift? Self-Funding! In the context of medical health insurance, self-funding refers to a type of health insurance plan where the employer or organization assumes the financial risk for providing healthcare benefits to its employees or members. Instead of paying a fixed premium to an insurance company, the employer or organization funds …
March 13, 2023
As businesses big and small struggle with high inflation and an economic downturn that may turn into a recession, recruiting and talent acquisition often gets pushed aside. Human Resources leaders are doing more with less and trying to handle the additional stresses of the times. As a result, strategizing for the future – when the economy may …
March 10, 2023
Employee benefits and open enrollment may be something you only think about a few times a year, and for your employees, it might be even less often. However, with a thoughtful, year-round communications plan, your business can increase employee engagement and smart benefits utilization. Many employees don’t know what benefits are available or how to utilize …
March 7, 2023
We look at a number of strategies to help employers lower their health insurance costs. One of these are Spousal Surcharges and Spousal Carve-outs. Let’s explore each of these in greater detail and as always, you can schedule a complimentary call with an advisor to discuss these in greater detail. A Spousal Surcharge increases the employee contribution to …
March 1, 2023
Health care is expensive but there is good news: Most insurance plans come with free preventive care and benefits. There is a lot of confusion around what is and isn’t preventive care – and why it matters. Here is what you need to know. What is Preventive Care and Why Is It Important? Preventive care …
