Posts by Frank Stichter

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?…

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…

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…

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…

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…

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:…

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…

Have you ever purchased something with certain expectations, only to find that they either exceeded what you thought you bought, or were disappointed in the purchase? And sometimes we think that certain things are similar when in fact they are different – either better or worse. We assume that because some things appear to be the same…

Like Liberty Mutual’s car insurance advertising – “only pay for what you need” – would you like to maximize cash flow and free up funds for other needs? Would you like to eliminate those expenses charged by an insurance company that you really don’t need? Your health plan you can do just that. Self-funding your…

An Electrical Cooperative in Northern Colorado discovered that there was a better way to provide health plan to their employees than the traditional program that they had had for years. The group had been participating in a nationwide Association Plan which was fully insured through a major insurance company. They thought that because they were…