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Three Health Benefit Cost Drivers

Three Health Benefit Cost Drivers

Most employers are encouraged to “deal with” rate increases, not solve them. Hoping to halt spiraling costs, they search fruitlessly for some magical carrier who somehow has an inside line on “the best discounts” in the medical provider network. In the end, most find that it’s the same old cost shifting shuffle: the bulk of the so-called lower rate increase is passed along to employees through higher deductibles, higher co-pays, higher...

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Health Insurance is Highest Expense To Payroll

Health Insurance is Highest Expense To Payroll

 While at the helm of Chrysler, Lee Iacocca’s telling comment of over a decade ago still rings true: “Our largest supplier is not US Steel or Pittsburgh Glass… it is Blue Cross!” Fully insured or self-funded, group health benefits rank as a top expense for most companies, only surpassed by payroll. Regardless of how group health looks in your budget, it may surprise you to know that it may also be the largest expense you carry that has no...

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Benefit Communication: The Last Word in Benefits

Benefit Communication: The Last Word in Benefits

If you are familiar with our company then you are aware of “The Last Word in Benefits” as our company tagline.  It is the perfect fit for this editorial.  Brokers and agents alike are not the only ones who find value in understanding benefit trends. Employers will be surprised to see how impactful that information can be in the hands of your employees. Employers need to realize an important fact… Yes, employees value...

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ERISA What?

ERISA What?

I have heard that exact response more than once from concerned employers when we first meet.  The look that accompanies the comment isn’t much better!  This topic is one of those that I could go through so many different postings.  Sitting down and writing this article gave me so many more ideas for you to read.  First, let me breakdown what ERISA actually represents to the employee and employer out there.  Trust me; this topic only...

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