Posts by Frank Stichter

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?…

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…