May 30, 2023
With the expected cost of medical benefits in the fully insured marketplace to nearly double in the next four years, employers are looking for low-cost solutions to retain and attain top talent. Based on a survey, highly satisfied employees say they are more likely to stay if better benefits are provided, 43% of all employees …
May 22, 2023
Healthcare costs, and consequently employee health benefit costs, have been growing at an alarming rate in recent years. The U.S. as a nation spends more on health care than any other developed country but has worse health outcomes. How is this possible? Four Key Factors Driving U.S. Healthcare Costs: Aging Population Healthcare gets more expensive …
May 16, 2023
Interested in a free webinar with practical tips and strategies to support your employees’ mental health? Join John and representatives from Health Action Alliance / Mental Health Action Day and the American Foundation for Suicide Prevention next Tuesday for a jam-packed session on mental health and the workplace!
April 25, 2023
Healthcare vs. Health Insurance What is the difference? Healthcare refers to the range of services and treatments provided by medical professionals to diagnose, treat, and prevent illness and injury. Healthcare services may include physician consultations, hospital care, surgeries, medical tests, and therapies, among others. On the other hand, health insurance is a financial product that …
April 4, 2023
We work with employers who use a variety of funding methods for their employee benefit plans. Some groups may use fully-insured health insurance plans from carriers, and others may self-fund their employee health plans with stop-loss insurance and captive managers. We work with groups in and out of California, and it’s interesting to see state …
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 …
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 …
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 …
