The cost of prescription drugs in the U.S. are high and getting higher. What do high prescription costs mean exactly and how is it impacting the group healthcare insurance market? Here are some statistics that show just how out of control prescription drug prices are: Spending on prescription medicine per capita in the U.S. [...]
As you may have noticed, ArmadaCare is growing and evolving! From new products to new team members, we are thrilled by what these advancements can mean for you! With that said, there are many company characteristics that aren’t changing—elements like our world-class service and A-rated carriers that remain core to what we do. Take a [...]
This one’s for all the benefits advisers looking to outshine the competition, break through the clutter and rise above the rest. Here are 4 tips to take to apply to your strategy as soon as possible. 1. Don’t Recycle Pitching the exact same benefits structure or introducing the exact same products to all your [...]
The word supplemental comes with a connotation of superfluous or unnecessary, and unfortunately that connotation is sometimes carried over to supplemental health insurance. But with the recent shifts in the benefits industry, supplemental health insurance has taken on new importance. A Little History For years, supplemental health insurance was considered an afterthought and an [...]
Over time, supplemental insurance has become interchangeable with voluntary insurance in the minds of many, both brokers and employers alike. Years of miscommunication and inefficient marketing has led to this misconception which, unfortunately, has a very limiting result. In actuality, supplemental insurance does not equal voluntary insurance, and this misinterpretation completely cuts out another [...]
Earlier this month, ArmadaCare attended a conference called Ascend where agency leaders go to discover innovative strategies and resources to differentiate and grow their benefits firm. The conference focuses on helping employee benefits firms Remain relevant Stay independent Become more profitable Achieve more organic growth With these goals in mind, our CEO, Ed Walker, [...]
Medical reimbursement plans, also known as expense reimbursed insurance, have gotten a bad rap as an expensive supplemental option. However, like most things, this statement just isn’t that simple. Let’s look a little deeper. When people think of medical reimbursement plans, they typically think of 1 of 2 things. Health reimbursement accounts: As the [...]
When you talk about executive medical reimbursement plans, also called expense reimbursed insurance, it’s not rare to get questions like, “Is that still allowed,” or “I thought you couldn’t do that anymore?” Let’s tackle those questions and get to the bottom of it. Characteristics of Today’s Reimbursement Plans Fully-insured Supplemental Excepted benefit True gap-filling [...]
For 3 years running, ArmadaCare has received a “best-in-class” Net Promoter Score (NPS). Up 14 full points from our first NPS calculation, our score of +72 once again ranks us with the leading companies in customer satisfaction, like Amazon (+73), Southwest (+62), and Zappos (+57). Scores range from -100 to +100, with scores of +50 [...]
The season of resolutions is upon us! Gyms are packed, and grocery lists are full of healthy greens and fruits, but that dedication to health can be easily forgotten when monetary value comes into play. For employees, employers and brokers alike, its time to make a health AND wealth resolution, to hold both ideas [...]
