Hunt Valley, MD—March 24th, 2023—ArmadaCare (www.ArmadaCare.com), a leading supplemental health insurance program manager and a SiriusPoint company, has promoted Nick Limneos to Chief Commercial Officer (CCO). In this role, Limneos is responsible for driving business development and sustained, profitable growth for ArmadaCare by overseeing sales, business development, lead generation and account management. ArmadaCare recently created […]
Health benefits can be an important differentiator for employers, especially private practices. Find out how the AMA Insurance Supplemental Health Insurance Program, developed by ArmadaCare, can help provide private practices a significant edge when recruiting and retaining top talent. Access the full article here.
Ragan’s Workplace Wellness Features Armadacare: Are your employees stressed? They’re not alone. Eighty-four percent of employees have experienced at least one mental health challenge this year. Stress is normal, whether it’s related to work, life or balancing both. But ongoing high stress can have serious consequences that underscore the business case for effective well-being support. Why support […]
For decades, businesses have cut costs by reducing their health benefit plans, but the expansive job market in our growing economy is now threatening this flexibility. With bargaining power now in the hands of employees, our nation’s businesses are facing escalating turnover rates. The combination of these factors creates a conundrum for business owners and […]
Almost 60% of companies saw retention as a top priority last year. Why? Because the turnover epidemic is real. With the unemployment rate at a 19-year low, job opportunities are up considerably, which means more places for employees to turn if they aren’t happy with their current company. This is leading to huge turnover costs. […]
Once, employers could take an ‘everyone is replaceable’ approach to turnover, hiring and its costs. With unemployment at lows not seen in two decades,1 that no longer works. Employers face fierce competition for talent, and the costs associated with turnover can seriously affect the company bottom line. An uphill climb in a competitive talent market […]
Whether we like to admit it or not, the employee benefits landscape is changing, fast. The unemployment rate fell to 3.7% in September, the lowest level since December 1969.1 Add this to the ever-shrinking talent pool, and you get employees feeling confident enough to find opportunities elsewhere. These shifting conditions can feel shaky at best […]
Here at ArmadaCare, we understand the savvy health benefits broker is constantly looking for ways to interact with prospective clients as efficiently and effectively as possible. Understanding their most asked questions can help you be best prepared in that endeavor. With that in mind, what prospective client questions do you need to look out for? […]
So you’ve found yourself stuck in that same dreaded loop many businesses are in today: The HR Conundrum! (dramatic music plays) Like many, you’ve probably figured out that finding a solution to such a problem isn’t so easy as realizing it exists. After all, the national unemployment rate fell to 3.7 percent, its lowest level since 1969, and remained […]
Here’s more evidence that supports how important benefits are to employees. Survey results released this week from AICPA* indicate that employees favor workplace benefits four to one (80 percent) over an identical job with 30 percent more salary but no benefits. This is quite a staggering statistic, but not entirely unpredictable. After all, most employers […]
Primary plan changes are inevitable, especially during this time of year. Changes can often have unintended consequences. But what if you had a way to mitigate those changes and lessen the impact? That’s where ArmadaCare’s suite of supplemental insured products comes in. As we’ve discussed before, ArmadaCare’s insured plans qualify as excepted benefits, they can […]
You’ve heard of absenteeism: when employees regularly don’t show up to work. The business implications of absenteeism are typically easy to see. An employee is missing, so their work isn’t getting done. Ultimately the company’s bottom line is negatively affected. But have you properly weighed the impact of presenteeism on your work environment and bottom […]
We’re in the middle of a talent drought and a job opportunity downpour. The unemployment rate is at an impressive 18-year low, and as a result, unhappy employees feel confident seeking other opportunities, thus creating a serious turnover issue. While retention is a top priority for both employers and HR leaders, it can seem like […]
Forward-thinking companies realize that salaries just aren’t enough in today’s tight talent market. Winning the war for talent requires having the right benefit package, which is also key to driving loyalty, fostering productivity and reducing turnover rates. What type of benefit can help you accomplish all of this? While the market is full of unique […]
Employee turnover is becoming a critical issue to all companies. In fact, turnover last year in the U.S. was at 28%, an 11-year-high. While retention has been a top priority for both HR professionals and company leaders for some time, the employee turnover epidemic is becoming progressively worse. Why Is Turnover Getting Worse? The gig economy: […]