Is the Stop Loss Market Finally Firming?

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For self-insured employers, the stop loss or reinsurance market has been a haven for competition for many years. Fueled by the competitive forces of carriers entering the market and those seeking growth at all costs, pricing remained soft – insurers seeking rate increases were met with stiff competition and ultimately had to decide to either… [Read More]

Paid Family Leave – Helping or Hurting Employers?

Upset little boy holding a drawing of a house, with his parents sitting angry on a couch in the blurry background

HR teams across the country are dreading the compliance challenges associated with paid leave benefits as they become effective in certain areas across the nation. As we’ve mentioned before, there is limited national job protection for workers needing family leave. In fact, the U.S., with no mandate for paid leave, is in last place among… [Read More]

No Need for Stigma

No Need for Stigma

I’m just going to come out and say it… It’s okay to go to therapy – AND it helps! For too long, the stigma of seeing a therapist has prevented delivery of much-needed care. People are concerned what their family, friends, and employer will think of them. Thankfully, the tide has turned; individuals and businesses… [Read More]

Insurers, Providers and Employers on a Collision Course 

Insurers, Providers and Employers on a Collision Course 

Trying to control healthcare costs is like trying to pick up Jell-O pudding with a pair of chop sticks. It is virtually impossible. The employer-based healthcare system relies on their intermediaries – primarily the large national insurers – to negotiate discounts, provide claims-paying acumen, fraud oversight and clinical expertise, among other things, in the administration of… [Read More]

Wellness Incentives – a Case Study

Wellness Incentives – a Case Study

One of the most common questions I receive from my clients is, “how do we get more employees to participate?” While I wish my answer could be about appealing to the intrinsic value of improving one’s health, my most common responses are: Provide a more enticing incentive. Increase promotion. Get senior leadership onboard and involved…. [Read More]

Stop Loss Insurance… More Important Than Ever

Stop Loss Insurance... More Important Than Ever

With the increase in popularity of self-insurance, health plan sponsors must take the time to fully understand the “safety net” that is typically purchased alongside these plans to protect them from unexpected costs. There are two elements of stop loss: Individual (or Specific) Stop Loss (ISL) protects against the costs of any one claimant exceeding… [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]

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]

Good News – the Stop Loss Market Is Vibrant

Good News – the Stop Loss Market Is Vibrant

Uncertainty and frustration abound in the healthcare market today, especially with all of the brewing legislative changes and tension over the market’s response. On the employer-sponsored plan side of things the challenge to improve affordability goes on as well – but you can only make so many plan design changes to keep up. High deductible… [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]