Health Accounts: Be Aware of the Shortcomings

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 [...]

Health Accounts: Be Aware of the Shortcomings 2018-04-18T16:51:11+00:00

How to Optimize Your Benefits Strategy with Carve-Out Coverage

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 [...]

How to Optimize Your Benefits Strategy with Carve-Out Coverage 2018-04-10T21:02:24+00:00

Tight Talent Market: Employers Fight to Recruit and Retain

Today’s tight talent market is greatly influencing benefits decisions. The U.S. unemployment rate is at 17-year low. That means there is less available talent and more open job opportunities that need to be filled. The competition for talent is fierce, and job-seekers have the upper hand with the knowledge that if they are unhappy [...]

Tight Talent Market: Employers Fight to Recruit and Retain 2018-04-06T13:45:08+00:00

The Prescription Costs Epidemic in Healthcare

The cost of prescription drugs in the U.S. are high and getting higher. What do high prescription costs mean exactly and how is it impacting the group healthcare insurance market? Here are some statistics that show just how out of control prescription drug prices are: Spending on prescription medicine per capita in the U.S. [...]

The Prescription Costs Epidemic in Healthcare 2018-03-29T14:00:33+00:00

What’s New with ArmadaCare?

As you may have noticed, ArmadaCare is growing and evolving! From new products to new team members, we are thrilled by what these advancements can mean for you! With that said, there are many company characteristics that aren’t changing—elements like our world-class service and A-rated carriers that remain core to what we do. Take a [...]

What’s New with ArmadaCare? 2018-03-29T13:44:32+00:00

What Makes a Breakthrough Benefits Adviser?

This one’s for all the benefits advisers looking to outshine the competition, break through the clutter and rise above the rest. Here are 4 tips to take to apply to your strategy as soon as possible. 1. Don’t Recycle Pitching the exact same benefits structure or introducing the exact same products to all your [...]

What Makes a Breakthrough Benefits Adviser? 2018-03-14T13:30:09+00:00

Myth Busters: Is Supplemental Health Insurance Necessary?

The word supplemental comes with a connotation of superfluous or unnecessary, and unfortunately that connotation is sometimes carried over to supplemental health insurance. But with the recent shifts in the benefits industry, supplemental health insurance has taken on new importance. A Little History For years, supplemental health insurance was considered an afterthought and an [...]

Myth Busters: Is Supplemental Health Insurance Necessary? 2018-03-07T14:34:29+00:00

Myth Busters: Are All Supplemental Insurance Plans Voluntary Insurance Plans?

Over time, supplemental insurance has become interchangeable with voluntary insurance in the minds of many, both brokers and employers alike. Years of miscommunication and inefficient marketing has led to this misconception which, unfortunately, has a very limiting result. In actuality, supplemental insurance does not equal voluntary insurance, and this misinterpretation completely cuts out another [...]

Myth Busters: Are All Supplemental Insurance Plans Voluntary Insurance Plans? 2018-03-08T16:55:18+00:00

Accessing the C-Suite: Bringing Employee Benefits to the Decision-Maker

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, [...]

Accessing the C-Suite: Bringing Employee Benefits to the Decision-Maker 2018-02-19T21:39:42+00:00

Myth Busters: Are Medical Reimbursement Plans Too Expensive?

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 [...]

Myth Busters: Are Medical Reimbursement Plans Too Expensive? 2018-03-07T16:15:28+00:00