When I first begin discussions with business owners regarding benefits, their first statement often goes something like this, “I pay a fortune for my benefits package and all my employees do is complain about it.” Employee perception of benefits often simply is not supported by reality. Why is this and what can be done about it?...
It’s difficult to use the words “Covid” and “Positive” in the same sentence, but the increasing utilization of Telemedicine is one positive effect of the pandemic. Telemedicine has been around awhile, but people have shown a reluctance to receive medical care outside of their primary physician’s office. That reluctance has faded in recent months due to several factors....
The 4th of July is quickly approaching. The renewal date for your benefits is not until January 1. You’ve got plenty of time to get this done. Right? Maybe, but looking at your benefits package mid-year may be the best time to begin the process....
The Affordable Care Act caused a dramatic shift in the health insurance landscape, particularly for small businesses. Underwriting a fully insured plan under 50 employees is no longer allowed. While this simplifies the process and offers many protections, the inflationary impact has been enormous, driving many employers to evaluate the feasibility of having no health plan at all, or to consider self-funding....
No one needs to study detailed tables to be aware of the rising costs of prescription drugs. Daily headlines and your wallet tell the tale. In 2004, 100ml of Lantus, a basic insulin, was priced at $52. Today, 15 years later, it is $300. Take control of the prescription benefit your company offers and buck the trend by decreasing your costs while still offering a robust benefit that rewards you with healthy employees, less presenteeism and absenteeism, and a more appealing bottom line!...
