As with fashion, baby names and social values, benefit trends go in and out of style. Certain benefits become “trendy” and then suddenly HR departments are clamoring to not be left behind their peers and competitors while others benefits become “stale” forcing employers to reconsider offerings that were highly valued only a couple of years… [Read More]
Professional Meditation
Humor me for a second… I want you to sit comfortably in your chair, put two feet solidly on the ground, close your eyes and take a deep breath – and realize that meditation is now being taken seriously in the workplace. I have multiple professional services clients who have offered meditation seminars, meditation trainings,… [Read More]
Stop Loss Trends
Sun Life issued their 2018 Stop Loss Research Report and it confirms what we have been seeing in the market. Large claims continue to grow in frequency and severity. Cancer remains the leading large claim condition, followed by disorders of the kidneys. 83.7% of self-insured employers with stop loss coverage experienced a claim and 50.7%… [Read More]
A Look at Catastrophic Claims in the World of Stop Loss
Sun Life Financial recently released a report on the top ten claims conditions which give rise to stop loss claims under a self-insured healthcare plan. Sun Life analyzed four years of their catastrophic claims data and found that these ten claims represent 53% of all stop loss claims reimbursements. 26.6% of all stop loss claims… [Read More]
Law Firm Benefit Trends Paint Conflicted Picture
Frenkel Benefits recently released our 2013 biennial Law Firm Survey analyzing key trends emerging in the benefit programs of large law firms. In all, 51 firms participated, accounting for nearly 25,000 law firm employees and $330 million of healthcare spend. The results paint a somewhat conflicted picture as law firms race to manage plan expenses… [Read More]
