Posts Tagged ‘group benefits’

How to Finally Say “NO” to Group Benefits Cost Shifting

group-benefits

During a time of political polarization, it’s hard to say anything that’ll garner instant agreement from everyone. That healthcare is expensive, though? That’s a no brainer. According to Investopedia contributor Lisa Epstein, the cost of healthcare in the US is twice that of any other developed country. If it were a nation, this sector would…

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Group Benefits Fiduciary Liability: Are You at Risk?

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Did you see the headline of the May 28, 2016 Forbes article? “CFOs and HR Execs Facing Millions in Personal Liability Due to Unmanaged Health Benefits Plans.”No kidding! According to Forbes, the companies involved include clothing retailer, GAP, and CB&I for starters. While fiduciary liability has been a hot issue for retirement plan administrators for…

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How to Take the Hot Air Out of Ballooning Group Benefits Costs

group-benefits

Is a lack of strategic planning causing your group benefits costs to balloon? Better question: if it were, would you know? Strategic planning plays an important role in determining how much a business pays for its group benefits plans. But not every business has a strategic approach; as a result, they end up paying more…

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Is Your Group Benefits Strategy Giving You the Edge?

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A group benefits package isn’t just a package. It’s a strategy, one that plays a crucial role in your effort to attract and retain the best candidates. In more ways than one, the benefits you offer determine your edge. With that in mind, let’s take a look at what your competition is up to. Last…

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The Minimum Wage is Rising: What It Means for Group Benefits

group-benefits

It’s always been important for businesses to control group benefits costs. Now, with minimum wage changes, it will be more important than ever. In what the Los Angeles Times called a “historic measure,” the California Governor just signed a bill into law that raises the minimum wage to $15 an hour by 2022, using incremental…

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How to STOP Paying Too Much for Group Benefits

group-benefits

That niggling doubt in the back of your mind isn’t just your imagination. It’s likely that you’re not getting the lowest rate for group benefits. How do we know you’re overpaying? Simple – just about everyone is. Cost transparency is a trend these days. Over the last 15 years, websites including Healthcare Bluebook,NewChoiceHealth and GoodRx…

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Where Can Employers Find True Cost Savings in Group Benefits?

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Part I of a three-part series As we mentioned in this blog earlier in the year, the U.S. health care system is in crisis mode, despite historic changes under the Affordable Care Act (ACA). Health care spending will reach nearly $5 trillion by 2021 according to estimates from The Centers for Medicare and Medicaid Services…

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Group Benefits: To Exchange or Not to Exchange?

group-benefits

With rising health care costs and tightening regulatory requirements under the Affordable Care Act (ACA), employers are taking a hard look at their group benefits strategies. Overall, employers are still committed to providing employees a competitive group benefits package, but they’re increasingly on the hunt for new ways to keep costs down. According to the…

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