As healthcare cost increases and coverage decreases, a gap is created. What now?
ACA ripple effects have resulted in shrinking coverage with growing gaps that make it difficult for companies to offer the appropriate level of health coverage. If you’re looking for a solution, we’d like to point you in the direction of supplemental. “Why layer with supplemental solutions?” you may ask. Let’s look at it this way. [...]
The word ‘supplemental’ may carry a misleading connotation—not as far-reaching, only covering a niche field, or something additional that is unnecessary. But in today’s landscape, supplemental coverage is a powerful solution that is in demand. Why? The simple answer is that supplemental coverage can go beyond the primary plan’s definition of medically necessary covered expenses. But [...]
It’s finally starting to feel like spring in our hometown of Hunt Valley, Maryland. For many, this time of year means spring cleaning. But for those of you uninterested in channeling your inner Mr. Clean, the change in season is also typically a time for reflection and change. Sound better than picking up a broom? [...]
What do we all hope inevitably follows the decades of work that we put in? That’s right, retirement. But a major concern facing all potential retirees is the rising health costs that are continuing to inflate. Retirees must confront this issue head-on without the health benefits that they had grown accustomed to from their company. [...]
How do you know which plans are viable today? There are 3 questions to ask: Question 1: Insurance or Self-Insured? When medical reimbursement plans were originally introduced in the 80s, there was really only one question to ask to determine a plan's viability: whether the plan was insured or not. This is because these plans [...]
Following Generation Y to the job market was a rush of ‘cool company culture.’ Perks like lounge areas, free food, and open and trendy office space became popular recruitment tools. Emulating the Google headquarters was the ideal goal. But as increasing amounts of companies strive for and achieve this goal, it becomes less of a [...]
It’s that time of year again: time to revamp your executive compensation package to create a powerful concoction that can recruit top talent and keep key players happy. First off, let’s touch on what usually goes into an executive compensation plan. Base Salary Bonuses (short term incentives) Long term incentives Benefits Perquisites Each aspect is [...]