April 11, 2023
Small to mid-size businesses must be creative to survive in a competitive market. For many of these businesses, embracing a new kind of healthcare strategy is key to controlling costs and attracting top talent. These businesses are increasingly moving toward self-funding plans to reduce their healthcare costs and gain greater control over their healthcare benefits. …
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 27, 2023
Healthcare Concierge Services 101 A major issue in healthcare is the misalignment of interests and how cost does not always equal quality. At the LBL Group, we believe in affordable, easily accessible, and high quality healthcare for all, but how do we do that. A great solution is going self-funded and implementing a healthcare concierge …
March 20, 2023
Rage applying is when young employees in professional fields get fed up with the workload, boss, compensation, or all of the above and apply to as many other companies as they can while soaking in their anger. The act of applying to other jobs when one’s morale is low is nothing new. But the term …
March 14, 2023
What is the Mindset Shift? Self-Funding! In the context of medical health insurance, self-funding refers to a type of health insurance plan where the employer or organization assumes the financial risk for providing healthcare benefits to its employees or members. Instead of paying a fixed premium to an insurance company, the employer or organization funds …
March 13, 2023
As businesses big and small struggle with high inflation and an economic downturn that may turn into a recession, recruiting and talent acquisition often gets pushed aside. Human Resources leaders are doing more with less and trying to handle the additional stresses of the times. As a result, strategizing for the future – when the economy may …
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 …
January 31, 2023
While this article mostly applies to self-funded plans, some strategies listed can impact the fully insured marketplace. If you correctly steer and educate your employees, cost containment should lower your claims. Henceforth, whether you are fully insured, level funded, or self funded, it should lower your overall spend and decrease your renewal. However, in a …
January 23, 2023
Empathy in Human Resources Management is something that comes up often. The idea of a stern leader, who rules with an iron fist, is outdated. Today’s leaders are expected to build relationships and trust to ensure they get the most out of employees. HR has the double burden of demonstrating empathy and teaching executives to model this kind of …
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 …
