Turn on the television and you’re bound to hear of a new data and security breach for some of the largest companies in the world. Millions are put at risk when their information is exposed, leading to customers being vulnerable to fraud and other crimes. Not only that, but the damage
Spend any amount of time on the Internet and you’re bound to come across a "Top 10" list of some sort. Sometimes they make you laugh and sometimes they make you reminisce on the good times, but I’ve got one that should get you thinking. OSHA released their "Top 10 Most
The time to begin evaluating new insurance policies for your business will be here before you know it. Before you start thinking about insurance for 2018, I want to tell you something: The way you are buying insurance might be hurting your businesses. A Look At The Average Employer’s Insurance Buying
The healthcare vote in the Senate has been delayed because they do not have enough votes to get it through the Budget Reconciliation process, which requires 51 votes to pass. In addition, if something isn’t passed by August 1 of this year, I think they will move on to tax reform and
Here in California, it’s safe to say we as a State would not be asking the federal government for a waiver. The State of California has been a big proponent of the ACA and the Covered California Exchange. If more control is left up to the States it’s the “ Status
It’s a confusing time right now … here are a few thoughts on the health care bill before the Senate. If the Senate does away with the Individual Mandate, then they need to come up with a way to keep healthy people from exiting the market. One strategy they came up with
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
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
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 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