August 8, 2023
The first question we usually get when we discuss customized plan designs is why we can not currently do this with our fully insured plan. In a fully insured medical plan, the insurance company assumes the financial risk associated with providing healthcare coverage to the insured individuals. The lack of customization in benefit packages in …
July 18, 2023
In offering benefits such as a health insurance plan, an employer is looking to build trust and differentiate itself in the market for labor. Quality health coverage is important to employees since it impacts the health of themselves and their families. And strong benefits differentiate your job offer in the marketplace so prospective employees see …
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 …
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 …
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 …
