Expense reimbursed medical insurance is a type of employer-paid supplemental benefit that provides broad, additional coverage for out-of-pocket medical expenses in the form of reimbursements up to the specified limit. While you may know about this type of supplemental insurance in theory, it may be harder to know when to use it in practice. [...]
What makes Ultimate Health and our other products so powerful? They can work for companies of all different types and sizes. They can also be layered onto almost any primary healthcare plan, offered to select employee groups as desired by the employer and be written for the first of any month. That’s the beauty [...]
Let’s be honest, one-size-fits-all primary health plans are plain vanilla. Of course, vanilla is a perfectly okay ice cream flavor. It’s the base needed to create a lot of more exciting flavors. In benefits terms, it’s necessary, too. You have to have that base primary plan. But today’s market doesn’t allow for much variety [...]
We’ve discussed before the importance of aligning your benefits packages with your company culture and values (here and here). For instance, at Armada, we host a Wellness Initiative with workout and yoga classes, healthy snack options, lunch & learns, and special health activity events to reinforce our culture of wellness. At Armada, we also [...]
This month, Armada Articles becomes a year and a half old, and our blog post last week marked 100 articles! We’ve enjoyed sharing healthcare and business stories and trends with you over the past year and a half and are excited for all of the articles to come. We always strive to provide our [...]
At Armada, one of our favorite topics is group supplemental insurance. We love to help our brokers and clients better understand the different types of supplemental insurance. While we’ve definitely discussed expense reimbursed insured plans before (take a look at these posts: here and here), we have never dedicated an entire post to this [...]
Our CEO, Ed Walker, participated in a panel at the EBN Benefits Forum and Expo in Boca Raton, Florida this week. In a session called 7 Major Disruptions About to Shape the Future of Benefits, Walker and other visionaries in the health benefits landscape discussed the change coming to, and already taking place in, [...]
Just like football season comes this time every year, so does the busy benefits season. And for you, both brokers and employers, that means it’s go-time. Get your game face on, and get out there team! But before you jump into play, let’s discuss 2 unique tips that can get you ready to perform [...]
Rising healthcare costs for employees are nothing new. But in 2018, experts are predicting the highest increase we’ve seen in 3 years. In fact, employee healthcare costs are expected to rise 7.2% next year, up from 2017’s 6.9%. The study found that rising prescription drug prices are a big factor in the increasing costs. [...]
As the moon crossed in front of the sun on Monday here in our hometown of Hunt Valley, Maryland, we at Armada could not deny that we too were feeling the eclipse frenzy that had taken hold across the country. The total solar eclipse may have passed, but it’s inspired us to write this [...]
