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Donovan Pyle
Let’s face it: businesses are navigating a recession and a pandemic, and every dollar counts. While many companies stick with their employee benefits broker for years on end, not giving too much thought to whether a change is warranted, there are some definite signs it’s time to find a new employee benefits broker. Here are...
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If your company is thinking about offering an HRA or HSA as a way to reduce costs, we’ve got news for you: there are much more effective ways to reduce costs and improve benefits, and these opportunities should be explored before HRA’s or HSA’s are considered.  With that being said, there are situations where it...
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Given the political and economic uncertainty we all face, one thing is sure: many businesses need to take extensive measures to improve operating leverage and cash-flow NOW.  Before layoffs and other draconian measures are considered, companies would be wise to pull a lever sometimes overlooked by Chief Financial Officers — their company health plan. Now,...
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The Problem: Faced with multiple health conditions, this group’s health insurance rates increased 6% – 15%, annually, for years — sound familiar? Before seeking our council, their Broker provided 4 options: Pass increases onto their employees and suffer higher employee turnover Absorb the increases and weaken their balance-sheet Water-down benefits and hope employees didn’t leave...
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Thanks to tax subsidies, benefits are often the most economical way to attract and retain talent, but creating a truly competitive and compelling employee benefits package can be a struggle — especially if you own a small company. Legally, you have to offer certain benefits like social security taxes, unemployment insurance, and worker’s compensation, and...
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Seeing that healthcare utilization is down 50%, your company’s costs should be going down — not staying the same or going up. If this isn’t the case, contact us to see how a high-performance health plan will bend the cost curve. Regarding employee contributions, you should first ask yourself: what is the goal of our...
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If you offer a group health plan, it’s imperative to properly administer all of the health plan notices required. Otherwise, you could face costly penalties.  Here is a rundown of the notices you might wish to include in your open enrollment communication efforts:  Summary Plan Description (SPD) This document must include specific information about what...
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You’ve heard people use the words “health” and “wellness” together, but do you know the difference between these two terms? You might think that these terms are interchangeable, but there are significant differences between health and wellness that you (and your employees) need to know about. What are Wellness Programs? Wellness programs focus on preventative...
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It’s the end of another year and another decade, and the healthcare landscape looks completely different than it did 10 years ago. Back then, getting good health insurance from your employer was the norm, and healthcare wasn’t nearly as expensive as it is today.  As employers continue to restructure their health offerings, high-deductible health plans...
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A recent survey of physicians conducted by the American Medical Association showed that the average physician spends 14.6 hours a week on Prior Authorization (PA) requests from insurance companies. While PA’s are seen as a “check” on physicians who may be ordering unnecessary medical treatment, the downstream effects are worth noting: According to the survey:...
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