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 [...]
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. [...]
Is Ultimate health a gap plan? It’s a question we hear a lot. Namely because the word “gap” has a lot of ideas attached to it. Similar to the word “supplemental,” when people hear “gap,” their minds typically jump to what are known as worksite voluntary plans, like critical illness or cancer policies. These kinds [...]
As is often the case this time of year, I found myself half-watching another classic holiday movie as I ate a late dinner and answered some emails. It was National Lampoon’s Christmas Vacation, a movie I’d seen countless times, so I was paying little attention as the boss was kidnapped and brought to the Griswold [...]
At ArmadaCare, our premiere insurance product is Ultimate Health, a group supplemental reimbursement plan designed specifically for busy leaders. While we mention Ultimate Health a lot on our blog, we have yet to do a quick and easy breakdown of what this product has to offer. Without further ado: Brief Overview As mentioned above, [...]
By Sirona Strategies Last week’s post provided an update from Washington, focused on two current health care policy issues related to employers: (1) amendments to Health Savings Account rules; and (2) repeal or a further delay of the ACA’s so-called Cadillac tax. This post will focus on a third issue: an expansion in access to [...]
