MAXIMIZE YOUR NEGOTIATION POWER.Maximize your negotiation power. Whether you are fully insured or self-funded, you need to have someone in your corner who knows what to ask and is willing to have challenging conversations, otherwise, your benefits program could be costing you— and your people— more than it should.Costs of employee benefits continue to climb, […]

Renewals: Why You Shouldn’t Settle for 60 Days Notice. Two months is long enough to plan a vacation, make a significant lifestyle change or prepare a captivating presentation. Two months is not long enough to make the most of your benefits program. Yet, this is roughly the amount of time most insurance companies give to […]

Communication Methods – Strategies That Matter. The complex nature of healthcare and employee benefits can make the renewal cycle challenging for employees to navigate. Whether an employee is trying to understand their 401(k) contributions or what the deductible will be for a medical procedure, the insurance industry can be difficult to understand — but it […]

Sustainability and Your Benefits Program. Heading into 2024 has many C-suite leaders worried. As the economy continues to slow and inflation proceeds to rise, some businesses are struggling to foster company growth, and while adapting budgets and managing costs are top of mind during these times, it is important not to overlook your employee benefits […]

Hidden costs within your benefits program. Increasing healthcare costs continue to affect people across the United States. For businesses, increases of 20%-30% or more are a common occurrence during renewal time and while costs continue to rise, the true cause can often be concealed.A recent report by Mercer shares that US employers are anticipating another […]

Benchmarking – Standing Out From the Crowd. Every company is unique. Some may offer similar services or products, but no two organizations are exactly the same. From the town or state they are located in, to the workforce they support, each business has a unique style and set of needs. The same should be true […]

Inflation and Employee Benefits – what you can do about it. The pressure on employers continues to rise as inflation begins to affect employee benefits. How businesses respond is essential. During this year’s renewal cycle, instead of trimming benefits programs, businesses should focus on strategic ways to maximize cost savings and support employees.Inflammatory stressors, including […]

Reference-Based Pricing plans can be a great way for employees to really choose what’s best for them without overspending. And because the high cost of healthcare impacts both employees and employers, developing a cost-effective and engaging benefits program is essential.A traditional program provides a network of hospitals, clinics and healthcare providers contracted with your insurance […]

The “easy button” isn’t always the right choice. Providing a high-quality, cost-effective benefits program is not always easy. Economic shifts, market trends, rules and regulations and changes in workforce demographics can contribute to a changing benefits program. Staying on top of factors that influence your benefits requires research and strategy design, and while offering the […]

Is transparency coming to healthcare? Employee benefits are a clear asset to any company. But when employees find their benefits hard to understand or become worried about the cost of healthcare, the investment could lose value. Not only because of the cost involved but because benefits can significantly influence recruitment, retention and overall employee satisfaction. Employees […]