Not only has the coronavirus quickly become one of the biggest global health pandemics in history, but it has also brought with it sweeping changes to the way every industry looks and operates. The U.S. healthcare market is no different […]
Not ready to take the self-funding leap? Consider starting with an HRA. The thought of taking on the risk of paying out your employees medical claims may seem overwhelming. There are unknowns, and you may not know where to start […]
More and more, small to medium sized organizations are choosing to pay out of pocket for employee health claims rather than paying a high fixed monthly premium to an insurance carrier. This strategy is known as self-funded healthcare. Is […]
A self-funded group health plan is one in which the employer eliminates obligations to a health plan provider by assuming the financial risk for providing health care benefits directly to its employees. While experienced, successful business managers are experts […]
There are more medical options available today than ever before. Years ago, Self-Funding was only available to large organizations while today organizations with as few as 10 employees have the option to Self-Fund. Today, employers are looking for more creative […]
We recently received a question from one of our clients on an article about health insurance options for small businesses: http://www.philly.com/philly/business/health-insurance-help-for-small-business-in-a-big-company-tool-20180315.html The focus of the article centers around the availability of large company tools for small company health plans. It […]
Reference Based Pricing (RBP). What is it? Reference Based Pricing (RBP) is a cost containment strategy that allows employers to set a pricing cap on what they will pay for certain medical services. According to study conducted by Aon […]
With the intense strain placed on the healthcare industry throughout the pandemic followed up by the surge in utilization stemming from delayed care, there was certainly no shortage of consumers accessing the healthcare market. Then why through much of […]
Changing health plans is a major decision for any employer, regardless of size. Not only is health insurance a costly commitment, it also impacts recruitment capabilities, retention levels and overall employee satisfaction. The right plan can improve employee health, boost […]
In anticipation of the U.S. Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization that overturned Roe v. Wade, states have enacted various laws regarding insurance coverage of abortion. Some states have banned or restricted abortion coverage, while other […]
Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefits trends. Below are the main takeaways from the 2020 survey and how they could affect your organization: 1. Health Insurance Premiums In 2020, the average premium […]
Over the last few months, most organizations have been focused on supporting it’s employees, the clients they serve and responding to changes forced by COVID-19. As states begin to move out of the red phase and businesses look to get […]
I was recently asked to elaborate on my view of the critical benefits challenges facing health and social service organizations today. As I started to think back on my consulting experience with our nonprofit customers, sadly, it dawned on […]
The days of “there is nothing we can do about our healthcare costs” are over for many organizations. However, not all Human Resource Managers, CFO’s and Benefit Managers realize this. Historically, the philosophy was: Health care inflation and insurance carrier […]
Part 1 – Understanding Your Funding Options As a follow-up to our latest e-book, we’ll be hosting a webinar to further explain the options organizations have when it comes rising healthcare costs. Join us in the first part of this […]
For many, the 4th quarter is the most demanding time of year, with an abundance of items to check off to-do lists before 2018 fades away. Amongst them, with 2019 rapidly looming, there are some key benefits compliance elements to […]
Total Rewards (Compensation & Benefits) are often the largest line item expense for an organization. Benefits typically represents 30%-40% of that line item. How can HR professionals take active measures to retain and recruit talent while containing and managing benefits […]
A common challenge that every organization faces today is the rising cost of healthcare and its impact on the suitability and quality of their employee benefit plan. It is a classic struggle – appropriately managing employer costs, while offering […]
UPDATE: The American Health Care Act (AHCA), which had been proposed on March 6, 2017 to replace the Affordable Care Act (ACA), has been pulled as House Republican leaders did not have the necessary votes in order to pass […]
“We just can’t consider making any changes this year to our plan offerings and certainly not a change to how we fund our benefits. The cost of offering our services is up , funding of our programs is down […]
If you are asking yourself this question, you are not alone! Many employers with 50-99 benefits eligible employees are experiencing very high renewal quotes from their current health insurance carriers for their 2016 renewals. Exude consultants and their client partners […]