February 8, 2021
In another post, we discussed the many reasons you may want a buy-sell agreement as a business owner. A buy-sell agreement gives business owners security and structure for the inevitable event that an owner leaves the company. It’s an unbiased, premeditated agreement between owners that meets their needs in a number of potentially stressful situations …
February 3, 2021
(Getty Images) On February 3rd, Acrisure announced a joint venture with NFL quarterback Russell Wilson and singer/songwriter Ciara to form Evolution Advisors, LLC. The organization will focus on the insurance needs of minority-owned businesses and diverse communities across the United States. Wilson and Ciara are founding partners and equity owners in the joint venture and …
February 2, 2021
An effective disability insurance program for a company provides the required amount of insurance to each participant at a fair price. But all too often, we see one-size-fits-all disability insurance plans that fail to meet the needs of the specialized and highly compensated employees who are crucial to a company’s success. Take the example of …
February 2, 2021
Disability insurance pays a benefit to you when you can’t work. In a country where about half of people are living paycheck to paycheck and have less than $500 in savings, disability insurance is a crucial benefit for employees to secure their financial wellbeing. If a group is interested in disability insurance, they need to …
February 1, 2021
The Biden Administration has made healthcare a key pillar of it’s first 100 days in office. On January 28th, the president announced an Executive Order with significant impacts on health care so we wanted to put together a quick summary with what you need to know. Specifically, groups with association health plans will want to …
January 28, 2021
As a business owner, you face a dizzying number of questions every day. Your focus is on keeping your clients and employees happy, making payroll, and investing in your business, along with dozens of other concerns. Maybe you heard of a competitor or peer whose business was severely hampered or completely shut down by an …
January 14, 2021
In a time with so much instability, uncertainty, and economic duress, some good news comes out of Washington D.C. for small businesses. The Paycheck Protection Program is a government response to the economic disruption caused by the COVID-19 pandemic. The first round provided critically needed funds to companies to stay afloat, meet payroll, and survive …
December 30, 2020
Oscar announced on Monday that it had taken initial steps with the SEC towards an IPO. This news adds to an already healthcare-heavy 2020. COVID brought about daily conversations concerning healthcare supply chains, vaccinations, at-risk populations, co-morbidities, and others. Telehealth saw an explosion in usage, and in turn, in valuation. Coupled with other healthcare organizations, …
October 16, 2020
Stop-loss insurance is a key part of the self-funded group’s risk management program. While self-funding health benefits has its advantages, these plans do carry greater financial risk than purchasing traditional, fully-insured health plans from major carriers. It’s important to understand both how stop-loss insurance works and how much it costs. Costs for Groups with Self-Funded …
October 14, 2020
Small employers across the country consider self-funded health insurance as a way to provide affordable health benefits for their employees. Statistically, a large or mid-sized group is more likely to self-fund their medical benefits than a small employer because of the financial risks involved. This makes sense given that one large claim could represent a …
