At the holidays, many of us spend a lot of time selecting gifts for our friends and family. We deliberate and try to pick gifts that we hope will not be returned to the store the day after they are given! However, returns can be a good thing, especially when we are talking about the … Read more
“We wanted to let you know that we settled all the outstanding audits that you performed for the County. It was a long process that centered around your analysis and tracking credits to our monthly billings from the TPA’s recovery efforts. The TPA agreed to pay approximately $1 million for the three years of audits. … Read more
In the current, highly competitive job market with its low unemployment numbers, the last thing you want to do is cut employee benefits to save money. So how do you meet your CEO’s cost savings goals without dinging your ability to attract and retain the best employees? According to Employee Benefit News, 81 percent of … Read more
Not wanting to rock the boat at contract renewal time, benefits managers can sometimes miss some big picture savings that can come from renegotiating their company’s healthcare plan audit rights. What they may not realize is that by blindly agreeing to standard language in their services agreements, companies are typically limited to random sample audits. … Read more
According to this month’s Employee Benefit Adviser article, The Secret to Differentiation and Building Competitive Advantage, providing “great service” to your clients is not enough. It only gets you in the game. “No, you have to be more creative than that. What will make you invaluable to your clients? What will cause third-party centers of … Read more
We understand that the complexity and constant change in the industry can cause headaches for benefit managers and brokers. We are here to provide a solution. Since healthcare benefits are often the second largest expenditure for companies after payroll, it’s a natural go-to when CEOs are looking for cost containment measures. When your CEO comes … Read more
According to BenefitsPro, best-in-class employers manage benefits differently from their peers. For one, they are more likely to self-insure their benefits, despite the greater financial risk. Why? Because they want the ability to manage their own plans and lower their health care costs through better plan management. However, if they fail to annually audit 100% … Read more
If you are like most people, you sometimes deal with complicated relationships. The demise of a partnership often comes down to a lack of communication, especially about sensitive issues. Facing Relationship Reality head-on takes courage when we would rather just stick our heads in the sand! However, if you want your relationships to thrive … … Read more
If you are like most people, you sometimes deal with complicated relationships. The demise of a partnership often comes down to a lack of communication, especially about sensitive issues. Facing Relationship Reality head-on takes courage when we would rather just stick our heads in the sand! However, if you want your relationships to thrive … … Read more
Now that self-insured companies are beyond the open enrollment period and wrapping up the fiscal year-end, it’s a perfect time to look for places to save money in 2019. Second only to payroll, healthcare expenditures constitute the largest line item expenditure to companies, so why not start there? Did you know that errors in claims … Read more