Sentry’s Post

Is the workers' comp market at a tipping point? With medical inflation, wage growth in the healthcare field, and access to care driving costs higher, experts like Jeff Cole, AVP of national accounts at Sentry Insurance, are pointing to significant shifts. Jean Feldman, senior director of managed care at Sentry Insurance, also noted the ongoing challenge of accessing care. https://hubs.ly/Q02QjPhL0

Private Equity firms - we’ve got some key risk insights for you. The FTC, DOJ and HHS are joining forces to investigate private equity’s impact on patients, employers, payers and health insurers. Stay informed on how this could affect your insurance program by reading our article below. ⬇️

According to the 2023 KFF Employer Health Benefits Survey, the average annual premium for family coverage has risen to a staggering $23,968, reflecting a 7% increase from the previous year. For many employers and employees, these rising costs are a significant burden. Fundamental Care® is the Answer. Join us for a brief webinar to learn more: #HealthInsurance #AffordableCare #EmployeeBenefits #groupbenefits #FundamentalCare #insurance #insurancebroker #employeehealth #employers

If you are a federal employee enrolled in the Federal Long Term Care Program/insurance you may be shocked by the premium increase coming in January 2024. While the selection period is closed I called them today and made changes. You cannot make changes on the website but if you call (soon I think) they will help you. I am not always good at paying attention to form letters so just a a post that you may want to check out the changes. I put another piece of information in comments

Factors adding to the current health insurance market & potential political backlash will be discussed in our 8.28 webinar, co-hosted by the @CIAB. https://lnkd.in/eYf5QAEh #benefitscompliance

The May edition of #BenefitMall's Tools + Intel newsletter is now available! In this edition, you’ll find: 👉 FTC Rule Banning Noncompetes: Could This Be the End? 👉 Beyond the Ballot: Colorado's Revolutionary Paid Family & Medical Leave Don't forget to check out our #ComplianceCorner as well for a recent webinar with a comprehensive breakdown of state and federal laws impacting leave, ACA regulations, ERISA complexities and more! We are excited to be your premier source for reliable and insightful updates on the latest trends and critical compliance news in the health, life, and employee benefits insurance industry. #InsuranceIndustry #EmployeeBenefits #Noncompete #PFML Misty Baker Kaleb Bledsoe

The May edition of our Tools + Intel newsletter is here. This month, we explore the potential end of noncompete agreements with the new FTC rule and dive into Colorado's groundbreaking Paid Family & Medical Leave program. Stay ahead of the curve with strategic insights and the tools you need to #GrowandRetain your business! #BenefitMall #InsuranceIndustry #Noncompetes #ColoradoPFML #InsuranceExperts

Today, many countries celebrate May 1st as International Workers’ Day, a counterpart to Labor Day observed in September in the USA. This day highlights the importance of recognizing the contributions and rights of workers worldwide. 🌟 At Glenwood Insurance, we understand that one of the best ways to safeguard employees' well-being is through providing comprehensive life and health insurance. These offerings are not merely benefits, they are our commitment to the security and health of workers and their families. Find out how we support employers and their employees with top group insurance options: https://lnkd.in/dvXcEp2P #GroupInsurance #BusinessInsurance

Increased #healthcare consolidation across the U.S. has led to higher hospital and provider prices for privately-insured patients with no clear sign of better care.   This week, Arnold Ventures sponsored, "Is Increasing Competition the Answer to Rising Health Care Costs?," the third in a series of briefings hosted by the Georgetown University Center on Health Insurance Reforms (CHIR) aimed at finding solutions to make employer-sponsored health care more affordable for all. During the event, Stacy Sanders, Chief Competition Officer at the U.S. Department of Health and Human Services (HHS), outlined how the federal government is working to improve competition in health care markets.   The event also featured a panel moderated by POLITICO’s Kelly Hooper which included David Seltz, Massachusetts Health Policy Commissions; Erin Fuse Brown, Georgia State University College of Law; and Charles Miller, Texas 2036 who all outlined state efforts to challenge harmful mergers, confront anticompetitive practices, and adopt innovative strategies to increase market competition. These federal and state efforts to improve competition and address consolidation are key to lowering health care prices and improving affordability. Watch the panel discussion to learn more: https://lnkd.in/ggjWnJkp

Tokio Marine HCC 2024 Annual Market Report provides helpful insight on the stop loss market: https://lnkd.in/eN66Abff Large dollar claims by frequency on pages 6-7 show the impact of the ACA removal of annual and lifetime maximums 10 years ago, and continued trend through 2023. The ACA has also had a significant impact on the small group stop loss market with level-funded plans. Self-insured plans are exempt from state premium taxes and ACA health insurance taxes. TMHCC entered the level-funded space in 2023. The Kaiser Family Foundation Employer Health Benefits Survey (https://lnkd.in/eJCKcJVq) shows the growth in this market segment: