If you have read our blog posts, by now you know that stop-loss insurance is a layer of protection that prevents absorbing the costs of abnormally high or catastrophic claims. Fully insured plans typically come with fees that can be completely avoided by having self-insurance. There are risks that come with self-insuring, however. That’s where…

When it comes to predicting and maintaining the budgets of healthcare for businesses, one of the biggest challenges in doing so is finding the right way to encourage employees/ members to manage their chronic conditions while containing the costs. One of the most prevalent pre-existing and chronic conditions in the U.S. is type 2 diabetes…

It’s no secret that attracting and keeping the best talent in your industry means more than just offering potential employees competitive salaries. For the majority of today’s workforce, a quality benefits package is one of the most important aspects of whether they’re happy at their jobs and how long they stay there.  The employers with…

As data becomes one of our most valuable resources in business nowadays, some organizations find this to be a challenge. Managing data can often be confusing, especially for small businesses that don’t have the resources that a large corporation might. Even with proper data access, it can be fragmented or occasionally invalid. Improving the data…

By now, it’s no secret that self-funded health insurance in the workplace is gaining popularity due to the need for increased healthcare options and savings for companies. Of course, along with self-funded healthcare come added risks. Each employer is different, and whether an individual employer needs stop-loss insurance depends on a number of different factors. …

According to a recent research report from AM Best, employers have been using stop-loss insurance, which coincides with an increase of insurance revenues over the course of the last few years, as reported on by Business Wire. Since the passing of the Affordable Care Act (ACA), many U.S. employers have been looking for options for…

In part one of this two-part post, we discussed how changes within the last few years have led to employers exploring their options when it comes to saving money and increasing flexibility and options for their health insurance. This is where self-funded healthcare plans come in. Additionally, we touched on the downside to self-funded plans…

Since the Affordable Care Act (ACA) was passed, employers have been exploring their options for providing healthcare for their employees. Changes and innovations in the pharmaceutical industry as well as in the medical field have led to healthcare claims that are higher than average and in some cases, catastrophic. Employers need better ways to mitigate…

The Equal Employment Opportunity Commission enforces federal laws that prevent employers from discriminating against employees on the basis of race, gender, age, national origin, and so on. Every year there is a deadline that employers must meet when it comes to reporting the compensation details of all of their employees.  There are currently over 70,000…

While most companies understand the importance of providing value to their customers and doing honest business with suppliers and partners, some don’t invest enough in their employees. A business with long term success will invest in their employees and their communities because we don’t just live in the community – we are part of it….