Do you know what keeps you on top?Many entrepreneurs and “household brands” can find themselves at the top of their industry for a year or two — But do you know what the difference is between the titans and the one-hit-wonders? Innovation and Crazy Ideas…What we are going to share today is a crazy idea …
Do You Want to Pay the Anticipated Cost or the Maximum Cost? Read More »
An old friend told me this one: If you are not at the table, you are on the menu Big bad wolf imagery aside… most of us don’t want to be on the menu! Are you on the menu when it comes to negotiating your health care plan? If you don’t have full and transparent access to your data …
If You Are Not at the Table, You Are on the Menu Read More »
About two months ago, we negotiated a fairly large technology purchase for our office – laptops, monitors, docks, the whole nine-yards…. You would have thought we were conducting a military operation with the planning that went into this project.• Apple or Microsoft?• Who needed more storage, cache, or did we all need the same?• Did …
Are you paying your benefits advisor for activity or for results? Are you paying them to administer your plan or to control your costs? There are eight questions you can ask to find out. In the previous article, I shared with you the first four questions. Here are the next four. 5. What do you do …
8 Questions You Should be Asking Your Benefits Advisor… Continued Read More »
Are you paying your benefits advisor for activity or for results? Are you paying them to administer your plan or to control your costs? There are eight questions you can ask to find out. 1. Are you able to provide my medical and claims data and insights from my fully insured health plan? You will find out …
8 Questions You Should be Asking Your Benefits Advisor Read More »
Many midsize employers believe that self insurance is full of rules and redtape that fully insured plans don’t have. However, that’snot necessarily the case. Compliance is integral to self insurance and there are several items that you are responsible for as a self-funded employer, including:• ERISA fiduciary responsibilities,• Non-discrimination rules,• Reporting and disclosure,• Requirements notices,• …
What are my Fiduciary Responsibilities as a Self-Funded Employer? Read More »
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 …
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 …
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 …
