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The Difference Between Captive Insurance and Self-Funding

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 …

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All About Spousal Surcharges & Carve-Outs

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 …

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Using a Captive Health Insurance Company to Share Risk with a Community

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 …

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CAA 2023 Extends HSA Telehealth Relief for Two More Years

January 3, 2023

Congress passed an omnibus government funding bill at the end of 2022 titled the Consolidated Appropriations Act of 2023 to avoid a shutdown. One of the provisions affects HSA telehealth services by again extending HSA relief to consumers with High Deductible Health Plans (HDHPs). Consumers can receive first-dollar telehealth and remote care services and not …

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Broker Compensation Disclosure: The CAA Pushes for Reasonable & Transparent Compensation

December 13, 2022

Late last year, the new Broker Compensation Disclosure law went into effect to add transparency to the broker/client relationship. It’s part of the 2021 Consolidated Appropriations Act, which included the No Surprises Act, among many other things. What is the Broker Compensation Disclosure? The CAA requires brokers and consultants who provide employee benefits services to disclose their …

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Takeaways from the 2022 KFF Employer Health Benefits Survey

November 14, 2022

Kaiser Family Foundation (No affiliation with Kaiser Permanente) released its 24th annual survey of trends in employer-sponsored coverage. This survey is a great resource for benefits and financial professionals to better understand what’s happening in the employee benefits space, particularly among premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices. Increased cost …

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Takeaways from the 2022 KFF Employer Health Benefits Survey

October 31, 2022

Employer health insurance costs are rising, and employees at small companies bear a greater burden than their counterparts at large employers, according to the 2022 KFF Employer Health Benefits survey. On average, employees at small companies pay $2,000 more for family coverage and face deductibles that are $1,000 higher. This report highlights the disparities in …

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Should You Join a PEO?

October 18, 2022

With the January 1st and year-end renewals coming up, employers are looking to find cost savings and the best programs for employees. One option that has lovers and haters is a PEO or Professional Employment Organization. A PEO has some real technical definitions to know – let’s save that for another time. Let’s just summarize it as when …

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3 Ways to Offer Primary Care to Employees

October 4, 2022

Primary care is a hot topic today in employee benefits and the broader healthcare space. Let’s start by defining Primary Care as when an employee has a relationship with a team of medical providers to access urgent care, chronic care, preventative care, and more. The reason primary care is in the news today is that …

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