November ushers in two things: the grateful season and a flurry of year-end activity. We are thankful for many things this past year, all of which have a part in helping shape portions of the healthcare industry into a more accurate and less wasteful system. The return to in-person events, from conferences like SHRM to … Read more
Mental health and wellness are more important than ever in employee benefit plans, but are you practicing what you preach? As you wrap up open enrollment, you can lead by example and take time to recharge and improve your mental and physical well-being. Below are different activities that can boost your mental attitude. Social Activities … Read more
Don’t Let the No Surprises Act Catch You Off Guard! By now, anyone providing healthcare plans as an employee benefit should be aware of the new No Surprises Act, effective at the beginning of 2022. Whether you are the human resources manager tasked with outsourcing this important benefit or the health insurance broker providing options … Read more
It’s that time of year. Time for the annual reflections on the past year and predictions for the next. While you might think there isn’t much change when it comes to employee benefits and healthcare trends, the past two years have proven to be full of surprises. So, we’ll look at the highlights from 2021 … Read more
Your company needs to be conducting annual healthcare claims audits. YES, you are entitled to claims audits! Healthcare claims are one of the biggest expenses for companies that self-fund their employee healthcare plans. How do you ensure you are not overspending on claims? Employer Healthcare Costs are Rising Healthcare costs, to no one’s surprise, have … Read more
Providing Value-Add to Clients Claim audit service is an extra benefit for brokers to present to clients. Audit services can save clients big money over time. There are 4 significant advantages to brokers who include a claim audit service in their proposed recommendations. Healthcare is the largest expense for self-insured employers. They should feel confident … Read more
*This article has been updated to include new information.* Helping Human Resource Leaders become Healthcare Heroes! At the upcoming Society of Human Resource Management (SHRM) conference, Healthcare Horizons will meet with hundreds of individuals tasked with ensuring that a company’s health insurance benefit is a viable option for their employees, without sacrificing coverage to reduce … Read more
The BenefitsPro article, Employees as Assets, the C-suite as Investors, discusses the trend in recent years of CFOs and other members of the C-suite becoming more involved in the decision-making strategy of employee benefits. As the C-suite begins to see employees as assets, they also start to view benefits as investments. When the C-suite is … 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
In this Jan. 22 article, “Why Employers Should Care About Medical Billing Errors,” Employee Benefits News magazine takes a look at the impact that billing errors make on employers and employees. Unfortunately, medical billing errors are pervasive in the U.S., and complicated for employers and employees to track. Experts say as many as 80 percent … Read more