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

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

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

Myth Busters: Are Executive Medical Reimbursement Plans Dead?

When you talk about an executive medical reimbursement plan, 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 [...]

Myth Busters: Are Executive Medical Reimbursement Plans Dead? 2018-02-06T20:37:41+00:00

4 Signs You Should Be Using Expense Reimbursed Medical Insurance

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. [...]

4 Signs You Should Be Using Expense Reimbursed Medical Insurance 2018-01-17T19:45:07+00:00

Inside Look Video Series: Underwriting Insight

What makes Ultimate Health and our other products so powerful? They can work for companies of all different types and sizes. They can also be layered onto almost any primary healthcare plan, offered to select employee groups as desired by the employer and be written for the first of any month. That’s the beauty [...]

Inside Look Video Series: Underwriting Insight 2018-01-17T19:45:44+00:00