During their annual budget process, the City of Northville, Michigan analyzed their current expenses while projecting future costs for retirees and current employees. As they started adding the numbers up, they became concerned their liability would grow to an...
While all companies could use more control, there are a few industries that particularly benefit from rethinking their approach to health insurance. One of these is the trucking industry. With a background in the skilled trades and trucking industry, our business manager Mike Lutz understands deeply the healthcare struggles many trucking companies face.
Join us on Tuesday, May 19th, 2020 for the Virtual NextGen Health Care Executive Summit, where three CEOs & their advisers featured in the current issue of Chief Executive Magazine will be discussing...
Jim Eickhoff and Mike Hill talk about how Creative Dining was able to take control of their healthcare supply chain and stop year over year jumps of nearly 20% on premiums from commercial carriers.
Through a unique collaboration with Holland Hospital, Holland PHO, TCHP and Sisco, an independent third party administrator, employers in West Michigan will have access to direct contract pricing and affordable self-insurance. Learn more...
Given enough information, most individuals tend to make the “right” decision. In the case of health insurance, all things being equal, the “right” decision is to go to the highest quality and lowest cost providers. The problem with health insurance is that rarely do...
Within the last two years I was working with a client with approximately 400 employees on their medical plan who was contemplating transitioning from a fully-insured plan to a self-funded plan. Approximately 6 months prior to their potential go live date of the...
Generally speaking, the “fixed costs” (administration, stop-loss/pooling, network access) represent 20% of health plan costs with claims representing the other 80%. As a result, it would be logical for those concerned about cost reduction to focus on the 80%,...