CannabizTeam - Executive Search and Staffing’s Post

Looking to enhance your employee benefits package and boost your business performance? Discover how employer-sponsored health insurance can provide a significant return on investment for American businesses. Did your renewal cause you to restructure plans? Is your renewal looming? Give us a try as a new carrier for you. #HealthInsurance #EmployeeBenefits #PEO #BBSI #BBSIChicago

When I first got into this business, I heard an adage: “When insurance is cheap, buy insurance… when insurance is expensive, self-insure”. No surprise but insurance has gotten more expensive! This brought on the rise of self-insurance. For many mid-size employers, this was a great answer to getting control over the rising costs of health care. But there was a catch: The volatility involved could be a disaster. This is where Captives come into play. Captives describes a strategy that when a company is large enough, it can afford to more closely control its group health plan. But it gets better. Mid-size companies can group together to achieve the same result. This can help these firms make the leap to self-insurance and protect against the above-mentioned volatility. Captives not only provide protection from catastrophic claims but also insight as to what other companies are doing to manage their health insurance costs. This collaboration cannot be overstated. Best practices are shared and all companies improve, reducing expenses. When new programs are identified, they become welcome pieces to the playbook. Captives may help you get into the self-insurance game safely. You work with other companies to continuously improve your employee’s healthcare, with access to programs that reduce your costs and provide support for all. Is a Captives strategy worthwhile for your firm? At Equinox we can help you determine if this is the right move. #Captives #employeebenefits #stop-losscoverage https://loom.ly/QoGrjqY

For years, health insurance carriers have relied on third-party benefit administration platforms to manage enrollment and claims processing. However, a new trend is emerging as carriers take charge by developing or acquiring their own benefit administration platforms. In our latest blog, Jordan Mondschein, Regional Director of Technology Solutions, explores the advantages of carrier-provided benefit administration platforms and highlights key considerations for adopting this approach. Read more here: https://bit.ly/43JMWnS #MarshMMA #Benefits #Insurance

This week I got to learn from Roundstone more about Captive Self-Funded Plans. 🔓 Unlocking the Benefits: Why Small to Medium-Sized Businesses Should Consider Captive Self-Funded Health Insurance 🔍💼 In today's ever-evolving business landscape, small to medium-sized companies face unique challenges when it comes to providing comprehensive healthcare benefits for their employees. Rising healthcare costs, limited customization options, and uncertainty in insurance markets can pose significant hurdles. However, there's a solution on the horizon that's gaining traction among savvy business leaders – captive self-funded health insurance. 💡 Here are three compelling reasons why small to medium-sized businesses should seriously consider embracing captive self-funded health insurance plans: 💼 💰 Cost Control: Captive self-funded health insurance offers unparalleled control over healthcare costs. Unlike traditional fully insured plans, businesses can take charge of their healthcare spending, potentially saving money on premiums and gaining transparency into their expenditures. Take control of your budget and allocate resources more efficiently! 💸 🛠️ Customization: Enjoy the freedom to tailor benefits to the specific needs of your workforce with captive self-funded plans. Design wellness programs, offer alternative care options, and implement cost-sharing arrangements to create packages that resonate with employees and align with your company's culture and objectives. Enhance satisfaction, retention, and loyalty within your organization! 🌟 🛡️ Risk Management: By participating in a captive insurance arrangement, spread your risk, stabilize costs, and gain access to valuable risk management tools and resources. Mitigate the impact of large claims, proactively identify emerging trends, and implement targeted wellness initiatives to improve the health and well-being of your workforce while minimizing financial risk. Empower your business to thrive in today's competitive market! 💪 #Healthcare #HR #wellness Sutter, McLellan & Gilbreath, Inc. #AleraGroup

🙌🏻 Navigating the intricacies of health insurance and developing an attractive employee benefits package for microcap companies can be challenging due to their unique risk profiles. ➡️ Discover how to overcome these hurdles and retain top talent in our full blog post. #Microcap #HealthInsurance #EmployeeBenefits https://lnkd.in/e85Ku6tV

By understanding the dynamics of health insurance costs, exploring cost-saving strategies, leveraging technology, staying compliant with regulations, and prioritizing employee education and engagement, small business owners can effectively navigate the complexities of healthcare expenses

As healthcare insurance costs continue to escalate, an increasing number of companies are contemplating the shift to self-funding their employee health insurance plans. Self-funding presents an attractive opportunity for businesses to mitigate healthcare expenses. By opting for self-funding, employers gain access to valuable data that aids in assessing plan performance and pinpointing areas for potential cost savings. While the idea of navigating the complexities of a self-funded plan can be daunting, advancements over the years have made the process of risk management and goal prioritization more manageable. -Katie Mercurio

❓ Q: Are self-funded insurance plans good for employees? ✅ A: YES! Discover how self-funded health plans are revolutionizing employer healthcare, offering customizable, cost-effective solutions that enhance the employee experience. Get in the know at: https://hubs.li/Q02nmg-X0

Are you a small business owner navigating the world of employee benefits? We came across this insightful article on the best small business health insurance companies, and it's got us thinking about the value of providing benefits in today's workforce. Here are some key points to consider: Offering health insurance can be a game-changer in attracting and retaining top talent Did you know that studies show offering benefits can lead to increased productivity and a solid return on investment? Small to midsize companies have a range of options from providers like Blue Cross Blue Shield, Kaiser Permanente, UnitedHealthcare, Cigna, and the Small Business Health Options Program (SHOP) We'd love to hear your thoughts! How important do you think employee benefits like health insurance are in today's business landscape? Share your insights and experiences below! https://lnkd.in/guVnhFND

Of course, I would provide some thoughts on insurance! Not going to apologize for it! The landscape of benefits other than health insurance continues to change, and in my opinion, can be more valuable sometimes! The challenge is to not try to do everything all at once or rush the process! #hr #hrbenefits #cfoinsights #ceoinsights #employeeengagement #thinkingdifferently