Why Fully Insured Plans Only Benefit Carriers
The fully insured health plan model hasn't been working very well for employers or employees. Premiums keep going up, but benefits stay the same. Carriers have the data to help reduce employers costs — they just don't have the incentive. Fed-up employers are starting to …
Why Employers Are Giving Up on Fully Insured Health Plans
The tenets of a fully-insured health plan should be very familiar. Employers pay monthly premiums to a carrier for a menu of covered benefits. The carrier pays for healthcare out of those premiums, but employees also pay — sometimes so much that health insurance doesn't …
A Get-Started Guide to Self-Funding
The tenets of a fully-insured health plan should be very familiar. You and your employees pay monthly premiums to a carrier for a menu of covered benefits. The carrier pays for healthcare out of those premiums, but employees also pay — sometimes so much that …
The Cost-Saving Power of Health Care Data
It’s a common-sense, widely held business principle: What is not measured cannot be managed or improved. Yet, while your company likely captures and analyzes data about everything from your website’s performance to travel expenditures, you’re probably not doing the same for one of your largest …
The Cost-Saving Power of Health Care Data
It’s a common-sense, widely held business principle: What is not measured cannot be managed or improved. Yet, while most employers regularly capture and analyze data about everything from website performance to travel expenditures, few are doing the same for one of their largest expenses: health …
Increase Worker Satisfaction by Taking Control of Health Benefits Data
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Your employees know the value of shopping around. They do it themselves. Consumers spend an average 79 days researching before they make a major purchase, yet once a year, they're expected to tick a box that will determine how much they pay for their most …
Why Transforming Clients’ Data Into Insight Is Critical
It's hard to imagine a situation where consumers would make a purchasing decision without extensive research beforehand. Consumers spend an average 79 days researching a major purchase before buying, yet once a year, they're expected to tick a box that will determine how much they …
How to Help Clients Build Resilience — And Why Advisors Should
Advisors are a valuable member of employers' teams as they try to find creative solutions to employers' healthcare challenges. As 2020 showed us, unforeseen challenges can present themselves at any time, and successful advisors need to be able to adapt to the pressures they face …
Employers, Overcome Adversity with Empathy
Businesses have been unusually tested in 2020. A Local Economic Impact Report released by Yelp in September shows that 60% of businesses that closed down due to the pandemic have permanently shut their doors. Bankruptcies at global small and medium-sized enterprises nearly doubled from 9.4% …
What COVID-19 Taught Companies About Culture
Organizational culture might seem like an afterthought, something that happens accidentally or over time as a result of hiring certain people. Culture can certainly shift over time, but HR professionals play an important role in attracting the skills and personalities a company needs and preserving …
