The number one concern I hear from employers when we talk about migrating to a self-insured or partially self-insured environment, is that they don’t want to be responsible for all the claims. What is stop-loss coverage? Stop-loss or reinsurance is how you protect yourself from large claims if you are self-insured. You should always have reinsurance. What […]
The Ins and Outs of Stop Loss and Reinsurance Read More »
If your business is preparing to open due to a relaxation of shelter-at-home orders, you should proceed with caution and make sure you have safeguards in place to protect your workers, as well as customers if they are entering your premises. How can you take that first step back to a semblance of normalcy? Here
How to Open Shop and Bring Staff Back to Work Read More »
I imagine you’ve heard about several different ways to manage your stop-loss coverage as a mid-sized employer. I’m going to explain on option, stop loss coalitions, and how to make these contracts work for you. With group stop-loss coalitions you would purchase stop loss coverage as a group to help mitigate your risk, like you
The IRS has loosened restrictions on employees who want to make changes to their group health plans and flexible spending accounts (FSAs) in the middle of the policy year. IRS rules are typically stringent and rigid, barring changes from being made to health plans except during open enrollment. Under the new rules, the employer would
IRS Allows Mid-Year Changes to Health Plans, FSAs Read More »
If you are one of the companies that has been deemed an essential employer and are remaining open during stay-at-home orders, you should be doing all you can to protect your workers against contracting COVID-19. While some workers are really on the front lines of fighting the disease, like health care workers and emergency services
Protecting Your Workers During the Pandemic Read More »
UPDATE: We filmed this video a bit ago. At the time we made this, unemployment was quite low. That the unemployment rate is significantly higher and the economy is uncertain is even more reason to contain your costs. Not just because you want to keep those people, but because you want to keep those people
Yes, you can buy health insurance like you shop at Costco Read More »
What Is RBP? RBP stands for reference-based pricing, a tool that many employers today are using to cut their health insurance costs.The most common concern I hear from employers about RPB is that providers won’t accept reference based plans, or that the employee will have a large balance bill. Neither of these things are accurate if
To RBP or Not to RBP Read More »
Some health insurers are helping business workers in group plans maintain employee benefits during the COVID-19 pandemic, a new survey has found. Social distancing and stay-at-home orders have put the hurt on hundreds of thousands of businesses across the country, which has forced them to reduce employees’ hours, furlough them or lay them off. Besides
Some Insurers Step Up Group Health Plan Assistance Read More »
If you’rereading this article, you’re likely considering offering care management and patient advocacy to your employees. Congratulations! You want to help your employees, but at the same time, it needs to be budget-friendly. The process to add patient advocacy and care management is relatively simple. However, like most things in the health insurance industry, it’s not
The novel coronavirus that broke out in the winter has caused immeasurable suffering, both physical and economic. For employers struggling to stay in business, this is a fraught time where mistakes in managing their workforces could lead to employee lawsuits. Here are 10 potential trouble spots to watch for. Workplace safety – Businesses that still have
10 Potential Causes of Employee COVID-19 Lawsuits Read More »
This is the face you make after a minor mishap with filming!
My introduction before Craig Lack is now long lost footage.
That’s show biz, right?!
The good news is that Craig is talking about the strategies we’re both using to help organizations liberate the dollars trapped in their health spend.
I’m available after you watch and learn to talk the nitty gritty – how it works, implementation, executive buy-in and employee adoption.
Happy Watching!
