Posts by Frank Stichter

Health insurance renewals are certainly not the time of year that any employers look forward to. Premium increases cause heartburn and angst amongst employees because they know their deductibles are going to increase and/or their insurance contributions out of their paycheck. Open enrollment meetings, communications, and possible changes to plan design are all challenges for…

We always hear about “Out Of The Box” (OOTB) thinking that brings new ideas and innovation that brings change to many ways of life that we have traditionally become accustomed to. Methods become obsolete or outdated, inefficient and ineffective, unproductive, or become financially noncompetitive. The same holds true with health insurance. Today’s model with insurance…

Probably at one time or another you have sought out insurance brokers or consultants. Whether it be from a referral, or a broker/consultant that has called on you, or from a proposal given to you, or a Requests For Proposals (RFP), you’ve probably asked a lot of questions. And while I’m sure many of them…

We all know the differences between renting and owning our homes and the benefits associated with each. While your bills might be similar – mortgage payments versus rent payments, utilities, insurance. etc., the obvious benefit of ownership is control. Control over everything associated with the home. Depending upon what decisions you make with your health…

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…

The motto of the Boy Scouts is Be Prepared. When I was in school I joined the Boy Scouts with lots of my friends. We had a great time learning various skills and earning merit badges. Camping, hiking, swimming, canoeing – we had a blast doing everything outdoors that we possibly could. Through those years…

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…

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?…