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 …
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 …
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 …
October 25, 2022
Yes, both are self-funding options, but what is the better solution for your high healthcare costs? Let’s first review the definitions. ASO (Administrative Services Only) – an arrangement in which a company funds its own employee benefit plan, such as a health insurance program while purchasing only administrative services from the insurer. This alternative funding …
September 20, 2022
** Trigger Warning for Suicide. Call the 988 Suicide & Crisis Lifeline if you need to talk with someone ** This year marked 21 years since my dad was set to finally coach my Little League team for the first time. It also marks 21 years since he died by suicide. It was March 2001, and my …
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 …
August 2, 2022
RIP Bill Russell It’s unfathomable to think this guy won 11 NBA titles and seemed as good a person off the court as he was a player on it. But this note about the racism he experienced while he was playing (and winning) in Boston is sobering to read. This stuff never went away, it’s …
July 19, 2022
… Late night when you need my love (emotional support) The new 988 mental health hotline is live: 988 is the new three-digit number that routes callers to the National Suicide Prevention Lifeline. The number went live on July 16th and replaces the longer 1-800 273-TALK number. NPR put out a good write-up on the background of …
July 12, 2022
I mean, who hasn’t done this? On the other hand, I’ve never seen my friendships melt away like when I have to explain to my friends how their deductible and coinsurance work. Majority of employers to enhance benefits to improve attraction and retention: Mercer released their 2023 Survey on Health and Benefits Strategies and it …
July 5, 2022
Employers today are purchasing digital health benefits for employees across a number of areas of health, and you may be looking to create or add to your digital health offering at your company. But it’s hard to narrow your focus today because there are so many choices across so many areas of health. Let’s look …
