If you desire the freedom of a self-funded insurance plan but need a little more certainty for your budgeting concerns, level funding might be an option for you. Weigh the advantages and disadvantages and decide what’s best for your company. What is a Self-funded...
Many employees are currently feeling financially strained because of inflation. With open enrollment fast approaching, inflation could impact employees’ choices regarding their benefits. Employees are likely to consider which benefits matter the most and how to...
In the wake of the Great Reshuffle—the mass movement of workers to jobs that prioritize their needs—and macro trends like the tight labor market, attraction and retention are top of mind for employers. In fact, according to Zywave’s 2022 Attraction and Retention...
Health care costs continue to rise each year, and 2022 will likely be no exception. Experts predict a 6.5% increase in medical expenses alone in the new year. That’s why it’s important for you to take steps to reduce health costs wherever possible. This article...
Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefits trends. This document summarizes the main points of the 2021 survey and suggests how they could affect employers. Health Insurance Premiums In 2021, the average...
Benefits Insights Brought to you by the insurance professionals at Bates Hewett & Floyd Insurance Agency 5 Strategies for Reducing Health Benefits Costs in 2022 For the past two decades, health costs have increased each year. This happens for a variety of reasons,...
