Tip 23: Skeletons in the Closet
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...
Tip 24: Tips for your Census Data
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 different...
Tip 25: Learn about Cost Containment Strategies
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...
Tip 26: Should I Explore Self-Insured or Level-Funded Options?
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...
Tip 27: Get to Know Thyself
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...
Tip 28: Low Cost High Impact of adding FSA and HRA plans
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 purchase for your...