The Benefits Blog

Industry News When You Need it!

 

The times they are a changin' and it is more important than ever to stay ahead of the curve when it involves employer and employee responsibilities.  This blog will provide information, updates, and opinion on various benefits that I hold myself accountable for to my clients.

The Right Prescription For RX

Throughout the years it fascinates me how much impact the prescription rider has on health plan premiums.  When it comes down to it, the average cost is around 30% of overall claims.  Therefore, any changes an employer makes to their RX plan will allow for a considerable reduction/increase in their cost and significantly impact how …

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Making Dental Plans Something To Smile About

Many employers I work with are not seeing the value in offering dental plans to their employees.  Offering dental on a voluntary basis is difficult as most plans come with waiting periods for non-preventive care.  Employees will typically shy away because their needs are current, and they do not want to spend their money waiting …

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Voluntary Benefits – Perhaps A New Approach Is Needed

Voluntary Benefits are coming at employees at a significant pace these days as employer-paid benefits become increasingly difficult to maintain.  The COVID pandemic, increasing medical deductibles, and desires to retain a strong benefits package are contributing factors to why employers consider these products. It appears voluntary benefits are going to be dominating the landscapes of …

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Compliance – Why Lose Sleep Over It!

For the first time as a business owner I was faced with a decision to address Cybersecurity, an area of compliance my industry had not dealt with before.  I checked out a few IT companies which would offer this protection and toyed with the idea, since there was a sizable cost involved in setting this …

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To PEO Or Not To PEO

I have always pondered why small employers have not migrated into the world of Professional Employer Organization’s (PEO’s).  Afterall, who would not want to look, and feel, bigger and better than they do now?  Why would having access to large group benefits as a small employer not be a ticket to cash on in? Employers …

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What Is A Broker’s Role When Dealing With COVID-19?

I remember the first call I received from a client on the COVID-19 pandemic. The question asked was something entirely “out of the realm of benefits,” and very different from the typical inquiries I have addressed over my many years as a broker. “Why am I being asked this question?” was my initial knee-jerk reaction, …

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Medicare Benefits vs. Employer Benefits – Are You Prepared to Face the Challenge?

There comes a time when an employee turning 65 years of age faces an important decision– do I leave my company medical plan to go into the myriad of plans available in the Medicare environment?  The employee has been on their company’s health policy for many years and likely contributed a portion of their paycheck …

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