Tag: Group Benefits

3 Radical Ideas Changing the Medical Insurance Market Today

There are some interesting changes happening in the medical insurance market place today. These changes are hidden under all of the noise around rolling back ACA also known as Obama Care. In many ways these emerging changes may have more impact on both Employee Benefit cost reduction and the delivery of medical services. What Do These Changes Mean to Group Benefit Plan Design In this...

Fully Insured, Level-Funding, and Partially Self-Funded Group Benefits: What’s the Difference

Today small businesses with 5 to 100 employees have other options beyond traditional fully insured group benefits. Level-Funding and Partially Self-Funded are valid approaches that are increasingly being implemented with success. These plans can often lower your overall cost and improve employee satisfaction. I encourage you to think about your business strategy, goals, and culture, as you evaluate the best plan design for your business....

Employee Group Benefits: How to Increase Employee Engagement and Participation

Increasing employee engagement and participation with Group Benefit programs is a hot button for many employers. Because employee benefits are often the second largest expense after labor, it makes sense that businesses want to get a better return on their investment. One of the challenges employers face is meeting employee needs and desires in a way that provides greater value from traditional employee benefit programs....

Small Business Health Benefits: How to Lower Your Costs

By John Lowdermilk You may think you have one option to control the rising costs of small business employee benefits - shop plans and compare rates. But I’m happy to tell you that you have other options and can lower costs and improve employee satisfaction. In addition to Traditional Employee Benefit Plans, Level-Funding and Partially Self-funded Employee Benefit Plans are viable alternatives for small business...

Small Business Owners: Employee Benefit Plans and ACA Legislation Limbo

by John Lowdermilk No matter what side of the Affordable Care Act (ACA) legislative debate you fall on, we can all agree it causes major frustration for businesses of every size. For small businesses with less than 100 employees, the impact on employee benefit plans is even more profound. If you’re like many small business owners, you feel stuck with the limited control you can...