August is here, which means that busy season is right around the corner. You’re about to have a lot on your plate: seeking new clients, retaining current clients, solving coverage issues, providing advice, creating benefits structures and more! Here are 2 things to think about now to help you out once busy season arrives. [...]
Expense reimbursed insurance is a type of supplemental health insurance that can be layered on to primary plans to provide additional coverage. While these plans aren’t as well known in the supplemental health insurance market, they are gaining prominence. In fact, ArmadaCare has a suite of three expense reimbursed insured plans with different coverage [...]
We are living in the prime of the cool office perks era. Catered lunches, foosball, puppies on-site. They’re all the rage. And you aren’t just finding them at startups or tech companies anymore. This kind of “culture” is being replicated in all industries. But some companies are making a fatal assumption: cool perks are [...]
Voluntary insurance, also referred to as worksite voluntary insurance, is the most common type of supplemental health insurance. A few examples of voluntary insurance plans are critical illness, cancer and hospital indemnity. For years, voluntary insurance has dominated the supplemental market, which is why when employers and brokers think of supplemental insurance, their minds [...]
Employee Benefit News recently published an article that told accounts of people with chronic illness unable to afford routine prescriptions even with their health insurance. One story, in particular, mentioned a woman with diabetes who said this of her prescription coverage: “Honestly, I’m still paying as much as I was paying in school without [...]
The healthcare industry is facing a nursing shortage. Just as recruitment and retention is a top priority for all employers, recruiting and retaining nurse staff in particular is a top priority for healthcare facilities. Today’s tight talent market is making recruitment and retention difficult, but it is not the only contributing factor to the [...]
Controlling benefit costs and attracting and retaining a competitive workforce remains the top two HR priorities. But addressing both of those objectives is difficult because one may negatively impact the other. It is important to find a balance between both objectives to steady the teetering seesaw. Control Benefit Costs Over the past decade, primary [...]
As the benefits industry has evolved, our terminology has struggled to keep up with it. This is especially true with group supplemental health insurance. While many still use supplemental health insurance as a blanket term, we aim to drill down a little deeper to clarify the different sub-categories and capabilities that supplemental health insurance [...]
Health accounts have become a very popular way for companies to curb benefit costs. While this can be a good option, health accounts do have some shortcomings and it’s important to understand them. Background With the battle for talent becoming more and more competitive, it is imperative for employers to leverage their benefits package to [...]
Expense reimbursed insurance is a type of supplemental health insurance that is used for a variety of reasons, from expanding coverage to retention to tax-efficiency. What’s so great about this kind of supplemental insurance is that it has the flexibility to meet each company’s unique goals and challenges. Let’s look at a few scenarios [...]
