In an era where one-size-fits-all dominate the health insurance market (even though we all know one size so evidently does not fit all), it’s clear that to have a successful benefits structure, you’ve got to break out of that mold. Pull Ahead of the Fleet With unemployment rates down, job opportunities booming, turnover rates [...]
When it comes to health expenses and needs, everyone is different. So based on your health stage, life stage and family, the amount and kind of coverage you’ll need is going to vary. Unfortunately, one-size-fits-all primary plans aren’t built to handle these variances. This leaves gaps and holes in coverage because primary plans lack [...]
As premiums and deductibles continue to rise and coverage gaps grow in size, the challenge for both employers and brokers alike is finding a way to mediate these mounting cost issues. The answer may lie in the strategy. Reactive vs. Proactive More often than not, gap plans are an after-thought. They are added into [...]
What are most people looking for in their health benefits? Coverage that will truly support their specific health needs. The challenge, if you choose to accept it, is figuring out how to provide that kind of support with today’s one-size-fits-all primary plans that dominate the market. Quick Definition Time One-size-fits-all plans: Health plans that [...]
We’ve talked a lot about supplemental on our blog (here, here and here, for instance), but out in the market, we’ve noticed some confusion surrounding what supplemental actually means. A simple Google search won’t result in a very concrete definition, so we at Armada have taken it upon ourselves to answer the question of [...]
Our Director of Sales recently talked a lot about high deductible health plans (HDHPs) and how the shift to these types of plans is forcing employees to shoulder a lot more of the health expenses. Here’s a quick recap: Premium increases are causing employers to make the shift to HDHPs to lower the cost [...]
While others may have enjoyed a nice Valentine’s Day with friends or loved ones yesterday, your mind is other places. That’s because you know there’s no money left for chocolate and flowers thanks to all these rising health costs! February is the time when you’re starting to feel the effects of high deductible health [...]
Supplemental solutions are gaining more and more attention, and we’re a big supporter of that as a leader in the supplemental benefits landscape! These solutions are a definite trend to keep an eye on for 2017. Out of the many reasons to love them, here are 3 to take note of: Differentiation Primary health [...]
It’s officially 2017, and the question on everyone’s mind is, “What is going to happen with healthcare?” The impending change in presidency has brought much uncertainty to the industry, specifically regarding the Affordable Care Act (ACA). While experts continue to speculate what will shift and how to plan and prepare, we wanted to take [...]
Employees expect their healthcare insurance plans to protect them by providing coverage for health expenses when they need it. Otherwise, they wouldn’t be able to pay for treatment and would be either left unhealthy (due to being unable to receive the treatment) or in serious debt (due to having the treatment despite not being [...]
