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 …
October 11, 2022
For most employers, employee benefits represent a significant portion of their overall budget and a critical part of their employee recruitment and retention strategy. Benefits vary from employer to employer but can range from medical or dental insurance to flexible spending accounts, life and disability insurance, and more. The annual process of renewing those benefits …
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 …
October 3, 2022
Choosing the right benefits during open-enrollment season is so important and can help save money. It can also give individuals and families broader support with their health. Benefits like medical coverage are particularly important with high inflation having such a big impact on people’s budgets. A survey by UnitedHealthcare found that nearly 40% of employees …
September 27, 2022
As most of you are aware, there is a large labor shortage in our market due to the pandemic and many other situations. When you look at the different industries; transportation, manufacturing, education, health care, and social assistance have been impacted the most and have the largest amount of job openings. On average these industries …
September 13, 2022
With rising healthcare costs in the fully insured market employers should be looking at alternatives to their health plans. Level-funding and Self-funding options allow more than just cost containment but control. However, there are a few key differences between the two that are extremely important but are often overseen. For starters, a level-funded plan …
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 …
August 10, 2022
Serena Williams’ “Evolution” from Tennis Serena Williams is a GOAT and she announced this week she’s ‘evolving’ from tennis i.e. retiring. She launched Serena Ventures a while back and has now been syndicating a fund to fund projects led by women and POC. What got her started in this space? She heard at a conference …
