SEND US A MESSAGE
 
  • This field is for validation purposes and should be left unchanged.
Title Image

VBI Blog

April 11, 2016 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

April 7, 2016 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

April 6, 2016 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

April 6, 2016 Do you fear COBRA? If not, maybe you should?

Noncompliance with COBRA laws could result in astronomical penalties, legal fees, and other expenses.  Consider this: A maximum of $110 penalty per affected participant or beneficiary per day from the date the noncompliance started. Personal liability imposed on plan administrators.  It is not unheard of for COBRA violations to cost a company thousands

March 17, 2016 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

March 14, 2016 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

February 1, 2016 Insuring Your Valuables – Scheduled vs. Non-Scheduled Coverage

  Once you reach the point in life where you start to accumulate "stuff" and furthermore, own items of significant value, you'll need to have insurance on that "stuff".  We all recognize the need (and responsibility) to carry auto insurance for our cars, and when we buy a home, we carry homeowners

January 25, 2016 Upcoming Webinar- “Streamline Your Processes, Save Time and Money”

Please join us for a brief 20 minute webinar on February 4th  at 11:30 am. We will be showcasing our technology tools designed to streamline your processes for Benefits Management, Human Resources, and ACA Compliance into one, simple, easy-to-use system. This webinar we will highlight: Employee On-boarding Supervisor Training Online Benefit Enrollment and Cost

January 19, 2016 Avoiding Medicare’s lifelong penalties

While it should be easy, enrolling in Medicare stresses a lot of people out. Having to deal with Social Security and employers can often lead to confusion. If you do not enroll in Medicare, at the right time, it can cost you in lifelong penalties. Making sure you enroll at