MMA Chiropractors’ Post

I met with an employer last week and the HR Director told our team their company had changed health insurance carriers every year for the past 3 years. She was upset about it, and I don’t blame her… So why is changing health insurance carriers every year a bad thing? 🤔 👉 It can lead to disruption, potential loss of benefits, administrative burdens, limited leverage in negotiations, and potential for coverage gaps 👈 If you are an employer in a fully insured program finding yourself in the same situation, it may be time to reevaluate who you are partnering with… In the interim, here’s a few things you can do ⬇️ 1. Evaluate the feasibility of self-funding 2. Explore alternative plan designs 3. Implement cost containment strategies and consider nontraditional medical plans (captives, RBP, DPC, etc.) 4. Consider multi-year contracts #EmployeeBenefits #HealthInsurance #BenefitsConsultant

“𝗛𝗼𝘄 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝘃𝗲 𝘄𝗶𝗹𝗹 𝘁𝗵𝗶𝘀 𝗰𝗵𝗮𝗻𝗴𝗲 𝗯𝗲 𝘁𝗼 𝗹𝗼𝘄𝗲𝗿 𝗵𝗲𝗮𝗹𝘁𝗵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗰𝗼𝘀𝘁𝘀 𝗶𝗻 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀?” While many of my clients quickly adopt the full “Insider Plan,” most of my clients don’t make disruptive changes. But there is one they have to make: hiring the right advisor to bring the right strategy and solutions. For some, this is easy. Others have very long relationships with really good people, but those folks just can’t bring the right plan and execution together to make it all work. 𝙒𝙝𝙖𝙩 𝙞𝙨 𝙩𝙝𝙚 𝙪𝙡𝙩𝙞𝙢𝙖𝙩𝙚 𝙘𝙤𝙨𝙩 𝙩𝙤 𝙮𝙤𝙪𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨, 𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮, 𝙮𝙤𝙪𝙧 𝙚𝙢𝙥𝙡𝙤𝙮𝙚𝙚𝙨 𝙗𝙚𝙣𝙚𝙛𝙞𝙩𝙨 𝙖𝙣𝙙 𝙞𝙣𝙘𝙤𝙢𝙚𝙨, 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙪𝙡𝙩𝙞𝙢𝙖𝙩𝙚 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝙮𝙤𝙪𝙧 𝙘𝙤𝙢𝙥𝙖𝙣𝙮? Link to full episode in the comments. #CEO #CFO #HR #humanresources #medical #medicalinsurance #healthinsurance #healthcare #employeebenefits #BenefitsInsider

Health insurance, 401(k) or other, dental insurance, paid leave, and vision insurance as the five most important benefits employers can offer. 7 out of 10 candidates consider these a must. #EdwardsConsulting #WorkplaceCulture #WeBuildHR #HumanResources #JobInterviews #HiringAndPromotion #JobSearch

The short answer is “yes”; however, in some circumstances, “caveat emptor” (buyer beware). 👇 For fully insured medical plans, if you want to switch your health plan prior to your renewal date, we encourage you to partner with your Health Insurance Agent/Broker, or PEO Agency, to: a) confirm that coverage has been approved by the new health insurance carrier; and b) try to provide as much advance notice of termination with your current medical insurance carrier to ensure a smooth termination process. For companies with 20+ full-time employees (2 or more employees in the State of California), you will also want to address COBRA coverage with the incoming #healthinsurance provider.    For partially, level, self-funded, or captive medical plans, THIS is where “caveat emptor” applies. Certain partially, level, self-funded, or captive #medicalplans have early termination clauses and/or penalties. We strongly encourage that you work with your Health Insurance Broker or #PEO Agency to review the terms and conditions of your partially, level, self-insured, or captive contract. Important note: a majority of level-funded plans will keep 100% of any claim surplus in the event of early termination. #HRtips #humanresources #employeebenefits #PEOAgency

Every dollar counts. Let’s talk about how we can posture your company in a more profitable position through lowering your health insurance expense. It’s possible, and in a lot of instances it’s not difficult or disruptive. 806 777 5108 rdearing@hiallc.com #hr #ceo #cfo #bottomline #insurance #profitability #benefits #transparency

Amidst a health emergency, the last thing one wants is financial worry. Health insurance provides a crucial safety net ensuring access to the best medical care without the burden of managing the immediate finances. The cashless facility, a boon from insurance companies, facilitates the direct coordination with hospitals for seamless bill settlement. For some policyholders obtaining claim approval can pose challenges in the rarest situations. The reasons could vary from missing documents to failure to understand the policy details. Committed to aiding customers in navigating these hurdles and ensuring they receive the quality treatment they deserve we have introduced the ‘Claim Samadhan Divas’. Under this initiative, policyholders and insurers come together to discuss the claim settlement process, aiming for real time approval. This collaborative approach seeks to address the claim related issues promptly, fostering transparency and efficiency. The video below captures how the struck claims are settled in real time. Watch the full video https://lnkd.in/d-MwY5dc #healthinsurance #health #healthinsuranceclaim #claims #insuranceindustry #healthcare #healthandwellness #patientexperience #patientexperience #starhealth #starhealthinsurance

💬 Worried About Medical Expenses After an Accident? 💬 Don't let a lack of health insurance keep you from getting the care you need. At Willoughby Shulman Injury Lawyers, we can connect you with medical facilities and physicians who will treat you and defer payment until your case is settled—no co-pays, deductibles, or upfront costs. Take control of your recovery and let us handle the rest. Call us today at (702) 852-6688 to get the help you deserve! #medicalexpenses #personalinjurylawyer #lasvegasattorney #accidenthelp #legaladvice #lawfirm #healthcare #patientcare #lawyersofinstagram #injurylawyer #legalassistance #justiceforyou #attorneyservices #accidentrecovery #lawyerup #expertlegalhelp #compensation #noinsurance #lawyerlife #medicalbills #healthcareassistance #willoughbyshulman

Business owners and HR Professionals - I want your feedback! (Good or bad) 🙂 What are your hesitations with shopping out your company’s health insurance and benefits? Do you believe your participation in company benefits is satisfactory, or do you see room for improvement? If you currently do not offer benefits, what deterrents have prevented you from implementing them? Your insights are greatly appreciated! Thank you ⭐️ #growth #benefits #insurance #lasvegas #nevada #employeeretention #smallbusinesssupport #businesssolutions #humanresources #hr

I spoke to a prospective employer today with between 20-50 employees. When their health insurance came up, here's what was discovered: They use a big national carrier They have gotten renewal increases the last 3 years between 6-9% per year. They have an MLR (medical loss ratio) consistently under 40% Their impression is that because of their size, their increase each year "is what it is." That's what their broker has told them...and I'm gonna call BULL! That's a red flag and a flat out lie. Don't commit your business and one of your biggest business expenses to a broker... Get an advisor who does more than quote you out and cash their commission checks. Novaura #NewDawnInBenefits #benefits #benefitsstrategy #employeebenefits #benefitsadvisor #advisor #ceo #cfo #hr #humanresources

Amidst the hustle and bustle of daily life, John found himself facing a dilemma. As a freelancer, he valued the flexibility of his work but often worried about his lack of traditional health insurance coverage. Sitting at his desk one day, he stumbled upon an offer for medical insurance coverage that offers various dollar limits in coverage for the plan year. Curious, he delved deeper, discovering that this coverage could provide him with financial protection against unexpected medical expenses, offering a safety net in case of emergencies. Could this be the solution he'd been searching for, a way to safeguard his health while receiving the services he needs but still affordable? Would having this coverage mitigate the risk of potential medical bills looming over him, allowing him to focus more on his work and less on worries about healthcare costs? As John weighed his options, the idea of having some level of protection against the unknown became increasingly appealing. Perhaps with this coverage, he could find peace of mind knowing that he was prepared for whatever life threw his way. Explore the extensive selection of limited dollar limits of medical coverage benefits offered by our company. For detailed information on the available options, visit our website at https://lnkd.in/gf2Z2sWr . #VoluntaryInsurance #BenefitsCoverage #EmployeeBenefits #InsuranceOptions #FinancialProtection #HealthcareCoverage #WellnessBenefits #WorkplaceInsurance #VoluntaryBenefits #ProtectYourFuture #InsuranceSolutions #HealthAndWellness #SecureYourFuture #InsurancePlans #EmployeeWellness #supplementalbenefits #highdeductible #ancillarybenefits #criticalillness