Category: In The News
Why You Need An Employee Benefits Mission Statement
Why you need an employee benefits mission statement. From new and updated regulations to changes in company demographics, keeping your healthcare program running smoothly year after year can be challenging. With a mission-driven benefit program, you can avoid losing track of your program goals and consistently deliver a benefits program that is efficient, organized and […]
The Hidden Revenue Streams Controlling Your Pharmacy Cost
The hidden revenue streams controlling your pharmacy cost. Increasing healthcare costs and lack of transparency within pharmacy spend have many employers searching for answers when it comes to how much power pharmacy benefit managers have and what they can do about it.Pharmacy benefit managers (PBMs) are companies that manage prescription drug programs on behalf of […]
9 Minutes is Not Enough Time– How Individualized Care Can Help Your People
How individualized care can help your people. Imagine going to the doctor with a list of concerns. Symptoms that you have experienced for weeks, or months. Then, after about 10 minutes of concise discussion with your doctor, you leave the office with a prescription that is intended to help. But doesn’t. THE FRUSTRATIONS OF HEALTHCARE Years of […]
What Employers Need to Know About an ICHRA
What employers need to know about an ICHRA. With healthcare costs increasing and retention and recruitment efforts becoming more challenging, many employers are left wondering what cost-saving strategies they can adopt, without transferring the burden to employees. While traditional plans continue to work for some businesses, others find these plans don’t meet their employee’s needs […]
The Importance of an Unbundled Health Plan
Buying internet, TV and phone services is usually a one-stop-shop, searching for one provider that offers bundled services. In these scenarios, the provider and the customer usually benefit. Providers will often offer discounts or bonuses to those who purchase more than one service together, such as extended programming for TV or premium internet service, increasing […]
Pay or Play Penalties Have Increased. Is Your Business At Risk?
The Affordable Care Act has recently increased Pay or Play penalties for applicable large employers. This means any applicable large employer who does not offer affordable health coverage to full-time employees can be subject to increased penalties. Penalties that could equal hundreds of thousands of dollars.Some employers are unaware they are considered a large employer […]
Help Decrease Employee Burnout – Simplify Your Benefits This Renewal
We often think of burnout as an individual issue that can be solved by self-help techniques like yoga or mastering the ability to say “no.” However, burnout, a phenomenon recognized by the World Health Organization, is thought to be caused by unmanaged, chronic workplace stress. Managing employee burnout needs to occur from within the organization.Now, […]
2023 Renewals. How Inflation May Impact Your Future Outlook
Inflation continues to impact Americans across the country. Rising costs contribute to ongoing challenges for both employers and employees who are also fighting a tight labor market and higher interest rates. With renewal season fast approaching, businesses may have to move forward with limited budgets while competing to offer competitive compensation and comprehensive healthcare and […]
Employer Considerations Following Dobbs v. Jackson Ruling
The U.S. Supreme Court’s recent decision of Dobbs v. Jackson Women Health Organization has left employers, and employees, wondering how their health and benefits will change. Since the overturning of 1973’s Roe v. Wade, which protected a pregnant women’s right for an abortion, we have seen an enormous response from employers who are actively working […]
Don’t Wait For An Emergency. Start Strategizing Today.
An airline won’t enter the sky without being prepared and fully inspected first. You can be sure the pilot has been trained and the plane has been equipped with all necessary life-saving devices. Because no one wants to be responsible for sending an unprepared plane in the air should an emergency happen. Always be ready. Your […]