Let’s cut to the chase – a plan fiduciary must always serve in the best interest of plan participants and their beneficiaries, or risk facing some pretty severe fines and penalties. I spend a lot of time with clients discussing this topic. While we could take a much deeper dive, I’ve spared you from the… [Read More]
Direct Primary Care
There is no doubt that we have come a long way from the mid-twentieth century family doctor who cares for multiple generations and knows not only your medical history but much of your social life as well. With complexity, healthcare has become less personal, especially with millennials who have strong relationships with their hair stylists… [Read More]
A Talk with Dave Cordani of Cigna
On Wednesday I attended a meeting with Dave Cordani, the CEO of Cigna. He is considered one of the big thinkers in healthcare and I am happy to say that his talk was very much in line with the blogs I have been publishing. Healthcare is changing. Our country is moving from pay-for-volume to pay-for-value…. [Read More]
Tap into the Power of Your Term Life Insurance Policy
Years ago, a client purchased life insurance and divided it between two term life insurance policies guaranteed for 10 and 20 years (10 and 20 year terms), respectively. At the time, this made sense: His coverage needs, including income replacement as well as college funding for his children, were met— and the premium outlay was less… [Read More]
You’re Going with an Exchange: How to Evaluate Your Choices?
Last of a multipart series: Private Exchanges–Consultants’ Solution to Healthcare Inflation. I leave you with a few last thoughts about this major decision. Medical trend will continue. If the employer elects to increase contributions by 5% and costs escalate by 10%, a breaking point will be reached. At first, employees will lever down to lower-cost… [Read More]
