Every year as your business renews its health plan, you probably hear the term “network discount” thrown about as one of the many benefits that provider offers. Today we’re going to take some time to demystify what a network discount is and explain why it may not be as good a deal as people are led to think.
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Why Your Staff Needs Short- and Long-Term Disability Coverage
No one plans on becoming disabled and missing work, but it can happen. An illness or an accident could cause one of your employees to be unable to work for months, or even years. While their health insurance will cover their medical expenses, it won't cover the cost...
The Risk Report – February 2023
Download Volume 5, Issue 2 of The Risk Report In this Edition: Ways to help your workers with health care costs Employer-Sponsored Plan 'Family Glitch" Fixed Benefits of Centers of Excellence Why you need short and long term disability coverage Download the...
Centers of Excellence Save Money, but Have More Benefits Too
As health insurance and health care costs continue rising, more employers and health plans are turning to centers of excellence to manage patients with chronic conditions. Centers of excellence are unique operations that focus on containing costs and delivering...
‘Family Glitch’ Fixed by Regulations That Took Effect for 2023
Thanks to new regulations that took effect Jan. 1, it will be easier for dependents of an employee with employer-sponsored family health coverage to seek out coverage and subsidies on the Marketplace if they are in a plan that is deemed unaffordable under the...
As Health Care Costs Bite, Here’s How You Can Help Your Workers
Recent studies have highlighted an alarming trend in American health care: More and more people are struggling with medical bills and many are delaying care due to high costs. The most recent poll by Gallup found that 38% of those surveyed said they or a family member...
More Employers Offer Flexible Spending Accounts
As health insurance and treatment costs rise and recognizing the potential for tax savings and other benefits, more employers have started offering flexible savings accounts to their employees. FSAs are also an important way to enable employees who are not enrolled in...
Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most
Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. But for the first time, the annual study by employee benefits provider Unum found that the younger...
The Risk Report – January 2023
Download Volume 5, Issue 1 of The Risk Report In this Edition: 2023 Enhanced Benefits Extra Benefits Valued by Employees Providers Charging for Health Portal Services HR Considerations for Worker's Past Retirement Age Download the Report
Insurance Considerations as Americans Work Past Retirement Age
Americans are eligible to sign up for Medicare when they turn 65, but more of us are staying in the workforce longer than ever before. In fact, the average retirement age has increased three years in the last three decades. There are a number of issues that...