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 …
January 23, 2023
I’m onboarding a new client this month and what is the single biggest issue they have when it comes to benefits? Administrative Overload Here’s what I mean by that. For every new hire, their HR administrator prepares a custom Word doc with payroll rates based on the hire’s age, sends that to the employee, and …
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 …
November 28, 2022
California has enacted a number of new laws on employers and how they run their workplaces. Most of those listed below take effect on January 1, 2023. This list is by no means exhaustive, so check with your labor counsel for a full perspective on the ramifications for your business. If you have questions for …
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 …
September 6, 2022
Whether you’re a private equity professional, acquisition entrepreneur, or any other professional investor, you understand the need to measure every dollar in a business and make sound, strategic, data-driven investment and operational decisions. And if you’re looking to grow and scale a business, one of your primary concerns is human capital. How are you getting …
August 24, 2022
So, you’re thinking about self-funding your health plan, or maybe you have a self-funded plan but you’re not quite exactly sure how it works. Good news for you! Welcome to the LBL Group’s Self-Funded Health Insurance for Dummies, a FAQ for self-funding your health plan. We’ve collected the information below as a quick reference guide …
July 18, 2022
By way of background, the Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to study clinical effectiveness and health outcomes. To finance the Institute’s work, a small annual fee—commonly called the PCORI fee—is charged on group health plans. Grandfathered health plans are not exempt. Most employers do not have to take any …
June 28, 2022
The Supreme Court’s decision to overturn Roe v. Wade is sending shockwaves through the healthcare system. As a people leader, you’ve maybe already heard from employees looking for guidance. And you may be wondering how your health plan will change and if there is anything you need to do or can do to support your employees. What …
June 14, 2022
I didn’t know Drake has health insurance bars like this in him… “your EOB ain’t a bill like how I wasn’t the man you needed me to be” pic.twitter.com/nshpFAiguu — John Hansbrough (@john_hansbro) June 13, 2022 I want to start this week’s newsletter with some items of note on gender, specifically communication, the pay gap, …
