Employers looking to cut costs are moving away from fully insured plans and moving towards self-funded plans that can offer greater flexibility. With self-funding, the company is responsible for funding claims payments, but the employer experiences fluctuating expenses by paying the claims as they come in. For companies looking to add predictability back into the […]
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Save Money this Renewal Season with Self-Funding
With so many regulatory changes and cost increases year after year, sifting through each and every plan combination to pick the perfect fit for your company can become a daunting task. When renewal season comes around, most employers are seeking the same thing – cost savings. One of the big decisions a company must determine […]
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What’s next for Telehealth?
The evolving phenomenon of telehealth has been welcomed with open arms by some, and completely rejected as a viable health option for others. Some of the benefits telehealth provides are clear, with online services capable of providing a cost-effective and time-efficient way for patients, especially in rural areas, to receive treatment. On the other hand, […]
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3 Ways Telemedicine Saves Time and Money
Time is money, and telemedicine can help you save both. Coming down with a common illness can cause you to miss work and feel lousy, so the quicker the recovery, the better. Many of us find it difficult to go see a doctor when we are sick. Some common reasons include the time it takes […]
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How Telemedicine Can Provide Affordable Care for Everyone
With cameras becoming ubiquitous among smartphones, computers, and tablets, consumers are beginning to utilize telemedicine and remote care options. Unlike traditional doctor’s visits, telemedicine has grown to include a variety of applications and services using two-way video, email, wireless tools, and other technological tools to get a better look at patients. Telemedicine even allows doctors […]
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Why is employee benefits benchmarking so important?
Why is benefits benchmarking so important? Before we explain why benefits benchmarking is important, let’s define what benefits benchmarking is. Simply put, benefits benchmarking means finding out how your benefits offerings compare to those of other employers in your industry or in similar industries. In more specific terms, benefits benchmarking takes a look at total […]
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4 Reasons to Outsource HR Compliance
HR compliance is undoubtedly one of the hottest topics in human resources in recent years. As legislation continues to change, the time needed to stay abreast of changes and remain in HR compliance is steadily increasing. Employers offering health insurance and other benefits to their employers are at risk of being audited in relation to […]
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Why choose a PEO (Professional Employer Organization)?
First you might be asking yourself what is a PEO? Also known as a Professional Employer Organization or Professional Employment Organization, a PEO is a service that allows employers to outsource their human resources tasks. The top reasons your company might choose a PEO is for payroll administration, employee benefits (especially health insurance), workers’ compensation […]
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Double Digit Increases are Expected in 2016
The Affordable Care Act (ACA) has reformed the rating practices of health insurance carriers in the individual and small group markets by limiting the factors that can affect premium rates. So what does that mean for your small group health insurance premiums? Most likely double digit increases. Small businesses with employee populations that are mostly […]
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What role can technology play in group health insurance renewal?
With the shift from full-coverage health plans to high deductible group health plans, the need for making well-informed decisions as an employee is more important than ever. One-on-one meetings may not be an option for your business, so how do you make sure all of the information you want to communicate is readily available? The […]