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The Rise of Healthcare Costs & How to Reduce it

January 17, 2023

The Why According to the Centers for Medicare & Medicaid Services, in 2021, healthcare costs skyrocketed to $4.3 trillion. This is caused by the premium increases, higher deductibles and copays, and soaring prescription drug prices. Most of these costs are market driven from the unregulated prescription drug costs and healthcare providers’ salaries rank higher than …

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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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ASO vs Independent TPA

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 …

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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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Private Equity Investors Can Use Benefits to Grow Asset Value

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 …

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Self-Funded Health Insurance for Dummies: Self-Funding FAQ

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 …

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ER vs. Urgent Care

August 15, 2022

All too often, illness or injury appears out of the blue: You wake up in the middle of the night with intense abdominal pain. You stumble while carrying groceries up a flight of stairs and can no longer put weight on your swollen ankle. Or your baby spikes a high fever on the weekend. These …

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