Posts by Strategic Healthplan Consulting LLC
Hope Is Not A Strategy
You might not believe it but this happens alot when I reach out to employers about theri upcoming health insurance renewal – “I hope we don’t get a big increase!” After they get the increase that they were hoping to avoid, their strategy is to increase employee payroll contributions and/or increase everyones deductibles, copays, out-of-pocket…
Read MoreWait! What? Nonrenewal??
We recently came across an employer who had a group health insurance renewal on July 1st. The group had a level funded type of a program with an insurance company (I won’t tell you the name of the carrier but it was a BUCA company). The group had been on this arrangement with this insurance…
Read MoreThe Status Quo Is Not An Option
Now that the pandemic is winding down (hopefully) more and more employers are exploring how to lower their ever increasing health insurance costs. Last year it seemed that businesses were focused on financial survival, employment, and other business related issues. Additionally, many businesses saw medical claims decrease as the result of postponement of services. The…
Read MoreIt’s All About Managing Risk
Every business has risk. All types of risk. It’s how you manage risk that makes your business successful. Every employee and dependent covered under your health plan represents some risk, and with risk comes potential cost. The greater the risk – the greater the potential cost. How are you managing the risk of your employees?…
Read MoreIs Your Health Plan A Banana Split?
Health plans can be a lot like a banana split – they can be a basic banana split or can be one with all the trimmings. Which plan is yours? I have to admit I haven’t had a banana split in years, but I remember them well when we would go to the local Dairy…
Read MoreHow Your Broker Is Paid Reveals Their Effectiveness
Is your insurance broker completely transparent with their compensation from your group? Most brokers get paid commissions by insurance companies – the most common of which is Blue Cross, United, Cigna, Aetna (BUCA). Their commissions come as a percentage of the premiums you pay. When you get an increase in your premiums, your broker just…
Read MoreHere’s Why You Should Review Your Health Plan In 2021!
I’m sure you, like everyone else is ready to have 2020 come to an end – what a year on so many fronts! It’s been a difficult year for me to garner people’s attention to consider health plan changes in 2020 as well – but some actually have. I realize that most people in business…
Read MoreThe webinar LAST week
If you missed the webinar last week, you missed a very good one – Tackling The Growing Rise Of Company Healthcare Costs. We had 164 registrants from across the country and have already received inquiries from some of them. Also, the survey comments were extraordinary. The agenda included: Promoting a solutions-oriented approach to drive down costs…
Read MoreThis Is A Presentation You Will Want To See!
In conjunction with Marcus Evans a global financial firm, Strategic Healthplan Consulting LLC is presenting a 60-minute online discussion: Transformational Dual Perspectives on Tackling the Growing Rise of Company Healthcare Costs. The event is Tuesday, October 27th at 11:00 Eastern Why This Online Event: Exploring alternatives to managing your health plan reflective of long-term goals Agenda Includes:…
Read MoreFREE Educational Webinars
I know that there is an overabundance of meetings and webinars on Zoom, GoTo Meetings, Microsoft Teams, and other virtual mediums – seems like i get several invitations every day to all sorts of meetings – whether I have any interest or not. But since face-to-face meetings and seminars are on hold for the foreseeable…
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