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We just do benefits consulting better.

We just do benefits consulting better.

Would you describe your insurance agent or Consultant/Broker’s attention to service “proactive” or scrambling to solve problems? How does your agent/broker provide you with service?  Does your agency representation present strategies to minimize potential cost in the future? What about helping with claim problems? Answering employees’ questions about how their plan works? Does your current advisor maintain a web page that has all of your...

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Making the Jump to Self-Funding. Part III

Making the Jump to Self-Funding. Part III

Well, it is sad to say that part three will be the final piece of the series.  In the first installment of Transitioning to Self-Funding we took a brief look into designing the self-funded plan and what that would look like for employers.  The second article touched on finding the right administrator/TPA.  Today’s article is going to focus on potential “high-risk” areas in the self-funding concept.  Addressing High-Risk Areas Moving to a...

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Making the Jump. Self Funding

Making the Jump. Self Funding

As health insurance premiums continue to rise and our lovely government passes new regulations that must be implemented by 2014, employers are beginning to realize their best chance of controlling both costs and the scope of benefits they offer employees is to venture into the partially self-funded arena. I am still amazed how more companies have not taken a crack at this great alternative to BUCA (Blue Cross, United, Cigna and...

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The CEO FAQ: Buy-Sell Agreement

The CEO FAQ: Buy-Sell Agreement

For many small to midsized business owners, the value of their business is one of the largest components of their overall net worth.  Most entrepreneurs want to preserve the accumulated profitability of the business for themselves and their family.  A great program for these folks is a Buy-Sell Agreement. A Buy-Sell Agreement is a contract specifically set up for the owners of a company that stipulates in which way the ownership of the...

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What is a PEO Part II

What is a PEO Part II

Our last blog on PEOs came off as a big hit so we are giving you another installment. The PEO community has been quite successful with companies in the small group insurance market (2 to 35 employees). PEO’s are touting the one-stop shop methodology in today’s market which has attracted small business owners. In this article we want to touch on the hidden costs of a PEO company. The best way to measure out whether or not you need a PEO...

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HRA Defined

HRA Defined

Companies of all sizes are looking for an answer to their rising healthcare costs.  Large employers (100+ employees) take many different initiatives to slow the ever increasing costs.  Small employers don’t always have that luxury.  This is where the health insurance broker should be creating creative programs to save the company money. Before getting bogged down in rhetoric let’s discuss what an HRA actually means.  A health reimbursement...

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