WHAT'S IN THE NEWS?

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Mindset: Benefits vs. Insurance

Posted on June 22, 2021 | Awareness

Are you buying an insurance plan or managing a benefits program? For many businesses, employee benefits are a transaction. You pick the plan, pay the bill, and hope you don’t have to think about it until next year. If a sales director or an operations manager approached their work with this mindset, most CEOs would…
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Stop Treating Benefits like it is Insurance

Posted on June 22, 2021 | News to Know

Insurance is a transaction, and benefits are strategic. In other words, insurance is a failsafe while your benefits plan should be an active asset in your growth strategy as a company. However, many business owners overlook just how much of an impact benefits can have on their business and don’t fully leverage its potential. To…
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Balancing Benefits Cost-Savings with Disruption

Posted on May 19, 2021 | News to Know

Business leaders often strive for “efficiency,” and this word is used so often that we can sometimes forget how much nuance is packed into this singular idea. Efficiency is the careful balance of time, resources, performance, and cost. Each of these elements is important to a profitable business, but if you optimize any of them…
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The Tsunami of Transparency Regulations Coming for Your Business

Posted on May 19, 2021 | Industry Update

A wave of new legislation, packed with rules and regulations for businesses like yours, is coming out of Washington. Few businesses are aware of it, let alone prepared for it. The rules are a blend of requirements around benefits and how you communicate with your employees, with the biggest element being requirements for price transparency….
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Who profits when your employees get sick?

Posted on April 13, 2021 | News to Know

Traditional insurance providers intentionally make health care costs complicated. If you have ever asked, before the procedure, what you will pay out of pocket for something as routine as an MRI or a physical therapy appointment, you have likely experienced this firsthand. You can spend a few hours on the phone, transferring between departments and…
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The $320,000 Bassinet: My Adventures Through the NICU

Posted on April 13, 2021 | News to Know

The fourth quarter of 2020 was especially challenging for my family and my team. My daughter was born eight-weeks early and would need a 66 day stint in the NICU (Neonatal Intensive Care Unit). I say this was challenging for my team because we’re all family-minded people, so if someone we know is facing a…
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The Cost of Inaction: Lessons from Kodak

Posted on March 15, 2021 | News to Know

When Fujifilm began outpacing Kodak on the North American analog photography market in the early 90s, Kodak’s executives didn’t see a reason to change. Kodak shunned the relatively cheaper E-6 photo film processing technology used by emerging competitors, opting to stick with the established methods which had worked so well for them in the past….
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Growth Hack: Share Secrets with Competitors

Posted on March 15, 2021 | News to Know

Part of our internal culture is to perpetually improve new learnings and new insights. This is something that many companies pay lip service to, but we have committed to it in a big way. We often find that our clients and our peers overlook the biggest opportunities to grow because they fear the risks of…
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You’re Not Too Small: 7 Ways to De-Risk Self-Funding

Posted on January 28, 2021 | News to Know

BY RYAN SPENCER   Many businesses falsely believe that self-funding their benefits plan is not an option for them because they are “too small.” The reality is that your benefits options are not that black and white. Regardless of your size, you have options to self-fund or to partially self-fund to dramatically reduce your healthcare…
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How to Reinvigorate Your Strategic Plan in 2021

Posted on January 28, 2021 | News to Know

BY BEN CONNER   2021 should be the year of returning to strategic planning and strategic execution. For many businesses, 2020 was rife with crisis responses. Regardless of your political leanings, the chaos of 2020 made it exceptionally difficult to plan, prepare, and execute ideas. Lockdown cycles shifted and changed with little warning both locally…
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Your Health Care Program Advisor: Your Untapped Operations Resource

Posted on December 21, 2020 | News to Know

BY RYAN SPENCER COVID-19 threw dozens of new challenges at CFOs and HR managers this year. Every day, company leaders faced questions they had never considered before: How do we keep our workers safe? How can we remain efficient while working from home? What are my legal responsibilities during the pandemic? Answering these questions has…
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CDC Announces Shorter Quarantine Guidelines After a COVID-19 Exposure

Posted on December 13, 2020 | News to Know

BY CONNER INSURANCE During a recent media briefing, the Centers for  Disease Control and Prevention (CDC) announced an  update to quarantine guidelines, offering options for  shorter quarantine periods.  The CDC’s updated guidance allows for the following  quarantine periods for those who may have been  exposed to COVID-19 but are without symptoms:  Ten-day quarantine period—An individual …
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CDC Approves Recommendation for COVID-19 Vaccine Distribution

Posted on December 13, 2020 | News to Know

BY CONNER INSURANCE The Centers for Disease Control and Prevention (CDC) Director Dr. Robert Redfield has approved a COVID 19 vaccine distribution plan. The approved interim recommendation first offers vaccine distribution to health care workers and residents of long-term care facilities in the initial phase of the vaccination program before offering the vaccine to the…
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The Biden Administration and Health Care

Posted on December 13, 2020 | News to Know

BY CONNER INSURANCE Between the COVID-19 pandemic and an ongoing political  debate over the Affordable Care Act (ACA), health care was a  core element of Joe Biden’s campaign for the U.S. presidency.   It remains to be seen exactly how President-elect Joe Biden  and Vice President-elect Kamala Harris will impact the health  care industry. However, employers…
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Breakdown of a Health Insurance Premium Dollar In 2020

Posted on December 13, 2020 | News to Know

BY BENEFITS PRO Compared to two years ago, a smaller portion of premiums are going toward prescription drug costs, while a larger portion is going toward in-patient care Understanding health care costs is complicated, to say the least. There’s the amount billed for a service, the negotiated rate ultimately paid, and then how much the service…
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