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Most fully-insured employers are flying blind into their annual health plan renewals. Without claims data, finance and HR professionals have no way of knowing what to expect. So, if you’ve ever gotten a steep renewal rate, or you’re facing one now, read on. First, we’ll explain how...
Oct 11, 2021
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Helping employees navigate health plans, insurance claims, and various benefit options is a full-time task that requires the expertise of benefit industry professionals. HR professionals and People leaders already have a lot on their plate without getting pulled into the rabbit hole of benefits.&nbs...
Sep 30, 2021
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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 mechanics are excruciatingly complex. So there&rsqu...
Jul 08, 2021
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7 Strategies to Reduce Employer Health Plan Costs—Despite a Pandemic

What I’m about to share is probably not what you would expect. In a pandemic year, you could very well get a favorable (or even negative) health plan renewal rate. Especially if you’re a tech employer. Seems incredulous, on the surface...

May 25, 2020
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Before a RIF, factor in small vs large group health plan costs

If you’re contemplating a reduction in force (RIF) to cut your operational costs, it’s critical to avoid this all-too-common mistake. Large vs Small Group Health Plan Costs If the RIF will drop you down from large group to small gro...

Apr 29, 2020
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The Game Theory Behind Health Plan Renewals

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—visi...

Oct 11, 2019
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Help for a High Health Plan Renewal

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 reflecti...

Oct 01, 2019
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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
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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
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AMA: Annual Health Plan Renewals

In this 30-minute “ask me anything” open forum, Tariq Hilaly, Lumity CEO, sheds light on a very opaque and frustrating process: the annual health plan renewal. If you feel like your company is flying blind, you’re not alone. Duri...

Aug 30, 2018
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How to Drive HSA Adoption: Mitigate Employee Risk with Plan Design

Where we last left off in this series, the key takeaway was “money talks”: finding your employer contribution sweet spot incentivizes further employee Health Savings Account (HSA) uptake. But after the right employer contribution is in pl...

May 09, 2018
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[On-Demand Webinar] Ending Renewal Roulette

With employer healthcare costs rising 2-3x faster than wages, blindly hoping for a good “trend” renewal isn’t sustainable. Join us for a 15-min 'skim'-inar to learn how your company can regain control and.

Apr 27, 2018
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Benefits Modeling: How to Speed-Date Plan Design

Providing a quality benefits plan is of critical for attracting and retaining talent. If you've begin thinking that your current plan isn't isn’t quite all you need it to be and you’re looking for a change, it's important...

May 16, 2016
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