In a world of sky-high healthcare prices and competitive markets, trying to minimize your healthcare spending while still providing valuable employee benefits seems impossible. The high cost of employer-sponsored healthcare can cripple small businesses almost immediately. Employees want the best benefits and employers want the lowest costs, creating an endless tug-of-war where nobody wins. [...]
The Affordable Care Act set out to make health insurance more available for consumers. In doing so, it ended up driving the prices for employers higher. Many individuals and small businesses found the requirements of the ACA crippling and costly. Large corporations actually pay less for health coverage because they spread out their risk [...]
Open Enrollment is the Black Friday of the insurance world. It can be overwhelming chaos, crazy work hours, hectic paperwork, and the phone ringing off the hook for weeks. According to new CareerBuilder research, 12 percent of employees are not aware of all of the benefits their company has to offer, 23 percent say [...]
If you’ve tried to enroll in insurance and been told to wait, you’re not alone. Chances are that if you walk into a car dealership to buy a car, the dealership isn’t going to turn you away until November, but buying health insurance is a little bit different. Insurance companies typically only sell health [...]
The Affordable Care Act (ACA) changed the insurance game for employers. Today, all large employers (those with 50 or more full-time employees) are required to offer health insurance. This sounds simple enough, but what about temporary, seasonal, or part-time employees. Are you required to offer insurance to seasonal workers? For example, what if you run [...]
Losing your job comes with endless questions, anxieties and uncertainties. One of the major concerns is what will you do for health insurance? Without group insurance, it's difficult to find a private marketplace plan on your own. But health insurance is now required for almost all Americans and it’s not something you can afford [...]
We get it, health insurance is expensive. The Affordable Care Act now requires every American to have health insurance. Whether you like it or not, you’re paying for a policy. But do you make the most of your health insurance? A lot of people don’t actually take advantage of everything their plans offers. It’s [...]
Buying insurance is easy. Buying the right insurance is much harder. Getting it wrong can cost you big time. Working with an insurance broker to make decision about your company insurance plans is the best way to get exactly what you need and nothing you don’t. It’s one of the few areas in life [...]
Have you ever opened a medical bill and nearly passed when you saw the “Amount Due” line? Yeah, me too. If you’ve ever experienced sticker shock upon opening a doctor’s bill, there’s a chance you are experiencing the cost of an out-of-network doctor. Your choices today can affect what you’ll owe later. The [...]
If your insurance deductible is keeping you up at night, you might want to consider choosing an HSA account. An HSA (Health Savings Account) is like a personal savings account. It is designated for use on healthcare expenses. For most Americans, a Health Savings Account is a companion to a high deductible medical plan. [...]
