Voluntary Insurance: A Closer Look into the Typical Gap Plan

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 [...]

Voluntary Insurance: A Closer Look into the Typical Gap Plan 2018-06-14T20:43:28+00:00

Routine Prescriptions with No Coverage

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 [...]

Routine Prescriptions with No Coverage 2018-05-29T17:58:30+00:00

The Nursing Shortage: Recruiting and Retaining with Health Benefits

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 [...]

The Nursing Shortage: Recruiting and Retaining with Health Benefits 2018-05-22T14:06:56+00:00

HR Seesaw: Control Benefit Costs and Boost Talent Management

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 [...]

HR Seesaw: Control Benefit Costs and Boost Talent Management 2018-05-21T14:41:08+00:00

Group Supplemental Health Insurance: Key Terms to Know

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 [...]

Group Supplemental Health Insurance: Key Terms to Know 2018-04-25T14:13:30+00:00

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 2018-05-22T14:09:37+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 2018-04-25T18:15:37+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. (This is the final post in our Myth Busters series! If you haven't already, [...]

Myth Busters: Is Supplemental Health Insurance Necessary? 2018-06-14T20:52:02+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? 2018-05-30T21:04:47+00:00