Lumity Blog

For most U.S. employers, providing employee health care coverage is a cost of doing business, not your core business. And it's the second largest operational expense after wages. Yet HR and finance professionals have little—or no—visibility into this expense. How bad is it? If...
Oct 11, 2019
|
The Game Theory Behind Health Plan Renewals
It’s health plan renewal season, and some employers are in for a sticker shock. But, before you swallow a double-digit rate hike that will cost you and your employees, it’s critical to find out whether the rate is, indeed, a fair reflection of your group’s risk profile. While th...
Oct 01, 2019
|
Help for a High Health Plan Renewal
Once a year, your employees are asked to make a complicated decision--one that could significantly affect their health and finances. And employees are looking to HR for guidance as they make their health plan choices. So, today, I don’t just want to just share open enrollment tips and insig...
Sep 24, 2019
|
5 Tips and Templates for Open Enrollment

Goodbye PEO, Now What?

There’s a narrow window when using a Professional Employer Organization (PEO) makes good business sense. They’re especially suited for small companies that are just getting off the ground because the co-employment relationship means they...

Sep 10, 2019
|

How to Leverage Claims Analytics

At around 250 employees, your company should be getting your medical claims from your broker or carrier. This claims visibility is a good start to understanding your healthcare costs, but this is just the first step. The real key to managing cos...

Aug 19, 2019
|

How to Successfully Set Up a Remote Workforce

Remote workforces have become an everyday reality for U.S. businesses. According to Lumity’s organizational design survey, 93% of companies have remote workers. And some companies even operate with 100% remote staff, without a brick-and-mortar...

Aug 16, 2019
|

Cons of a Captive Trust

If the marketing messages surrounding health insurance captive trusts sound too good to be true, you’re right to be skeptical.  I understand why the over-simplified messaging resonates. Insurance underwriting is dry stuff. Health plan m...

Jul 30, 2019
|

An Insider's View of HR Tech

Over 20 years ago, the catchphrase in the tech sector was “Nobody ever got fired for buying IBM.” The idea was IBM was the safe bet. If anything went wrong, you’d be shielded from repercussions based on their reputation for quality...

Jul 16, 2019
|

Debunking Employer Healthcare Costs

Twenty percent of employers, of all sizes, increased their health-related benefits over the last 12 months according to the SHRM 2019 Employee Benefits Survey. And, no surprise here: healthcare benefits and their rising costs remain top of mind. B...

Jul 11, 2019
|