by The Lawyers | Sep 28, 2022 | Compliance, Dept of Labor, ERISA, Labor Law, Plan Design
Compliance Alert: Additional Guidance Issued on Surprise Billing Protections The Consolidated Appropriations Act of 2021 (CAA) introduced numerous protections against surprise billing for plan participants that impact group health plans, health insurance issuers, and...
by Bret Brummitt | Sep 10, 2022 | 30 for 30, ACA, Compliance, Dept of Labor, Employee Benefits
Now is the time to make sure your Insurance Contracts match your Employment Practices There are so many one-off agreements and handshake arrangements and special provisions granted to one employee or maybe a certain category of employees. Often when we review...
by Bret Brummitt | Sep 9, 2022 | 30 for 30, Employee Benefits, Health Insurance
Creating a Census for your Renewal isn’t as easy as you’d think When a broker or insurance company asks for a census, they want to specifically know the important demographic data they use to build a pricing option for you. Different plans require...
by Bret Brummitt | Sep 8, 2022 | 30 for 30, Employee Benefits, Health Insurance, Health Rosetta, Pharmacy, Plan Design, Plan Design
Tip # 25: Become well versed in Cost Containment Strategies Strategic decisions are not made on a spreadsheet when there are factors in the real world that influence cost, quality, and access to health care. There are a plethora of cost containment vendors in...
by Bret Brummitt | Sep 7, 2022 | 30 for 30, Data Analytics, Health Insurance, Plan Design, Plan Design
Should you Explore a Self-Insured or Level-Funded option instead of Fully-Insured? The simple answer is yes. You owe it to yourself and your company to make sure that you explore all options. What you may find surprising is that this may actually be a really...
by Bret Brummitt | Sep 6, 2022 | 30 for 30, Data Analytics, Employee Benefits, Plan Design
For more Day 27: Benchmark your Health Plan, know your numbers What did you notice about your plan this year? Is everything anecdotal, or is it factual? Is your plan a tool to recruitment or a band-aid of acceptability? Who chooses your plan and who goes...
by Bret Brummitt | Sep 5, 2022 | 30 for 30, Compliance, Employee Benefits, Health Insurance, Plan Design
Tip # 28: Add in a high-impact plan with low admin cost….think FSA or HRA Employee Benefits are supposed to deliver value that an employee couldn’t easily re-create on their own. If you think in terms of only “products” that you can...
by Bret Brummitt | Sep 2, 2022 | 30 for 30, Employee Benefits
Tip # 29: Plan to Communicate Communicating to your employees isn’t easy. Communicating your goals to your Broker isn’t easy. Communicating the decisions you make to your Board of Directors or to your colleagues is not easy. Have a plan to...
by Bret Brummitt | Sep 1, 2022 | 30 for 30, Data Analytics, Employee Benefits, Health Insurance
Tip # 30: Create a Timeline & Focus on Your Major Milestones for Renewal This may seem way too simple, but honestly this is just overlooked. You need a road-map, a timeline, your identified “Major Milestones for Renewal.” Your preparation for...
by Bret Brummitt | Aug 30, 2022 | 30 for 30, Employee Benefits, Health Insurance, Plan Design
The month of September offers you 30 days to stay proactive & prepare for your 2023 Health Plan Renewal. In the past, we’ve shared 30 tips to help our employer audience get prepared and have a fantastic Renewal and Open Enrollment for the upcoming...
