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Defending the Profits of your Company

Do you have Vendors, or Allies? I view running a company to being a football coach attempting to keep ground (profits) already taken and adding to that ground whenever it is possible using your valued employees by putting them in a position to be successful. Your company has been very successful...

Why Employers Should Consider Self-Funding

Reason #4:  Management Involvement Self-funding allows the employer to always be aware of plan utilization, claim activity and payment activity versus the passive approach on the fully-insured side. Employers are in a much better position to evaluate plan performance on a overall basis and adjust to any issues faster when self-funding. If you would...

Why Employers Should Consider Self-Funding

Reason #3:  Customized Plan Design Self-insuring allows employers to specifically customize and build the plan design for their specific needs rather than a “Cookie Cutter” one-size fits all benefit plan design offered on the fully-insured side. This means the unique needs of  employers can be addressed without the task of searching for (cookie...

Why Employers Should Consider Self-Funding

Reason #2:  Immediate reward for favorable claims experience Self-funding allows the employer to immediately benefit from low plan utilization. Claims are paid only when they have been received and processed, allowing cash to be retained by the employer for inclusion in operating cash flow. Compare this to fully insured plans. The insurance...

Why Employers Should Consider Self-Funding

Why Employers Should Consider Self-Funding Reason #1: Transparency As health care costs continue to rise its causing employers to consider major changes to their health insurance plans. With the new ACA law the term “transparency” is getting a lot of attention in the healthcare industry as it creates a new savings opportunity...

When Was The Last Time You Updated Your Employee Handbook?

Employee handbooks are an essential part of effective HR management.  Handbooks are also an important risk management tool.  Since employee handbooks are not required by law, organizations may determine the best method and most effective means to communicate important HR-related information to their employees. An employee handbook should help reduce risk...

And Now There Is Fire

Back in November of 2014 I published a blog about an issue Barrett Business Systems seemingly had titled "I See Smoke On Mount BBSI". Well it smoldered for a good while and now there is fire. BBSI has been informed by staff at the San Francisco office of the Division of Enforcement of...