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, so I’ll dive in and provide some backgroun...
May 28, 2020
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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 group health insurance rates, you risk paying signifi...
Apr 29, 2020
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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
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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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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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The Bad Renewal Trap

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 facin...

Sep 12, 2018
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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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