Reviewing Contracts: An Essential Part of Health Plan Management

Reviewing Contracts An Essential Part of Health Plan Management

And you thought it was tough to decide on plan design, communication strategy and contributions for your medical benefits plan… Once the crush of implementation begins, the plan documents will start coming to your inbox and it’s critically important that you understand them completely. The obvious first steps would be to check the principal plan… [Read More]

Take Advantage of Health Insurer Cherry Picking

Take Advantage of Health Insurer Cherry Picking

I frequently witness the frustration of small group employers over the inability to customize plan design or receive premiums that reflect the health of their employee population. Growing companies often look forward to hiring their 51st employee, the magical threshold where many state insurance laws allow rate negotiation and some plan design flexibility. Some states even… [Read More]

Employee Eldercare Assistance – Not a Bad Idea

Employee Eldercare Assistance – Not a Bad Idea

Long Term Care (LTC) insurance was a pretty good solution to pay for costly end-stage assistance and many carriers jumped onto the product bandwagon. These products were priced at a level cost, based upon the attained age of the insured at the time the coverage was purchased. And for someone in their 50s or 60s,… [Read More]

Small Group Renewals – the Devil Is in the Details

Small Group Renewals – the Devil Is in the Details

With year after year of large premium increases, it’s no wonder many employers are happy to receive a health insurance renewal below 10% – but low-percentage renewals can often gloss over key changes to the policy that are not boldly highlighted in the renewal offer. So what kind of changes are we talking about here?… [Read More]

Total Wellness

Total Wellness

Recently, I’ve had a few long-time wellness clients ask me “what’s next?” They’re wondering what’s new in wellness and what can they do to refresh their established programs. I must say, I get quite excited when clients want to go above and beyond basic wellness programming. For those of you who are new to wellness,… [Read More]

Got Business Travel Accident Coverage?

Got Business Travel Accident Coverage

In this day and age, technology is capable of bringing together bright minds from opposite sides of the globe – but sometimes web-based meetings just aren’t enough to make a real connection. Travel can be an integral part of maintaining business relationships and while most companies agree they should provide additional benefits and support to… [Read More]

PEOs – Key Factors You Need to Consider

PEOs – Key Factors You Need to Consider

Professional Employer Organizations (PEOs) have continued surfacing as a solution for many small employers, but where do you begin when trying to understand if a PEO is right for your business? Decide if a PEO makes sense for your business BEFORE evaluating the savings. A PEO can seem tempting when quotes come back 10% to 20%… [Read More]

Online Enrollment – More Than Just Simplifying Administration

Online Enrollment—More Than Just Simplifying Administration 

Enrollment and reporting are just the tip of the iceberg when it comes to the features and functions of online enrollment platforms. Technology is playing a huge role in communicating benefits information to employees outside of the open enrollment period and enrollment platforms can really maximize your communications efforts, pushing out education to employees and… [Read More]

21st Century Cures Act: Welcome Versatility in the Small Group Market

Time for Change

Reversing prior IRS and DOL guidance, the newly-signed 21st Century Cures Act allows small employers to use a new Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) to give employees money that will pay for an individual health insurance policy. Under the law, employers can provide up to $4,950 for single employees and $10,000 for family… [Read More]

Yesterday’s Luxuries are Today’s Necessities

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Every decade for the last half-century has ushered in dramatic new expansions in health insurance coverage categories. Driven by economic imperatives, medical advancements or social change, health conditions and treatments previously not deemed “medical”, “necessary” or otherwise excluded, were layered into virtually all health insurance policies. These new categories are now considered so fundamental to… [Read More]