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 …
February 28, 2023
Gene Therapy Drugs What are they: Gene therapy drugs are medications that use gene–based techniques to treat diseases or medical conditions. They involve introducing genetic material into cells to replace or suppress malfunctioning or missing genes. This can be done through a variety of methods, such as viruses carrying the desired genetic material, or through …
February 22, 2023
The rising cost of medications are a leading healthcare issue for people today. More than 40% of Americans reported struggling to pay for the cost of their medications, despite health insurance coverage. When the cost of their prescriptions go up, people are forced to make tough decisions, including rationing necessary medications or skipping meals or …
February 14, 2023
Gap Insurance 101 Gap medical insurance is a type of health insurance policy that is designed to cover the “gap” between the amount that an individual owes for their medical expenses and the amount that their primary health insurance policy covers. Gap insurance can be purchased as a standalone policy, or it may be offered …
February 8, 2023
Getting sick can be expensive. Even minor illnesses and injuries can be very costly to diagnose and treat. Health care coverage helps you get the care you need and protects you and your family financially if you get sick or injured. We’re breaking down the health insurance basics. Because, when you understand it, you’re more …
February 7, 2023
Employers are facing unsustainable cost increases For many companies, healthcare costs including health insurance have become a top expense. It often goes payroll first, then healthcare benefits. It’s not uncommon for many employers today to face healthcare costs of $8,000 or more per year per employee. And healthcare costs have been steadily increasing, increasing 152 …
