August 28, 2023
Leadership and HR teams can take their benefits to the next level when they begin strategically planning their benefits rather than just buying insurance every renewal cycle. And in order to think strategically with benefits, companies need to review an Employee Benefits Benchmark for their organization. What is an Employee Benefits Benchmark? An Employee Benefits …
August 22, 2023
Did you know that in 2017 the American Medical Association and the World Health Organization recognized infertility as a disease? Approximately 17.5% – roughly one in six couples– are affected by infertility in the U.S. As societal norms and employee expectations continue to evolve, companies are recognizing the importance of offering comprehensive benefits packages that …
August 21, 2023
Last week, Blue Shield of California announced the end of a 15-year partnership with CVS Health’s pharmacy benefits manager Caremark, in favor of new partnerships to provide access to affordable prescription drugs. For now, Blue Shield is betting on a predicted $500M in annual savings by switching to Mark Cuban Cost Plus Drugs Company (MCCPDC) …
August 15, 2023
Health insurance and benefits are often an untapped source of value creation for entrepreneurs, private equity professionals, and investors. Entrepreneurs and private equity companies are in the business of creating value. This generally means they manage their companies in a way to increase revenue, decrease costs, and generally increase their value. Since a business increases …
August 8, 2023
The first question we usually get when we discuss customized plan designs is why we can not currently do this with our fully insured plan. In a fully insured medical plan, the insurance company assumes the financial risk associated with providing healthcare coverage to the insured individuals. The lack of customization in benefit packages in …
August 7, 2023
Health insurance may not be the most exciting thing to shop for but it’s one of the most important things that you can buy for yourself and for your family. Having health insurance has many benefits. It protects you and your family from financial loss in the same way that home or car insurance does. …
August 1, 2023
Companies offer employee benefits to retain and recruit their workforce. Benefits reflect your values as an organization and company, and more and more employees today value what their company stands for, not just what they are paid. Poor benefits can result in higher attrition, a waste of business cash flow, and hurt the company in …
