Innovative Broker Tips

Home/Innovative Broker Tips

3 Reasons Why Healthcare Costs are on the Rise in 2021

2021-04-01T03:46:39+00:00

American businesses are noticing a frightening trend: healthcare costs are on the rise and there are no signs that the costs are slowing down. Studies show that healthcare spending per person has grown more than 4% in the past few years, with more individuals receiving support for multiple chronic conditions than ever before. This represents a 10-year rise of nearly 18% for individual healthcare services, which explains why healthcare utilization has stayed mostly flat while costs continue to go up. There are a number of factors that make up these figures, but the costs associated with longer lifespans and the intensity
[ Read More ]

3 Reasons Why Healthcare Costs are on the Rise in 20212021-04-01T03:46:39+00:00

4 Ways to Better Manage Rising Healthcare Costs in 2021

2021-04-10T13:50:44+00:00

American businesses are noticing a frightening trend: healthcare costs are on the rise and there are no signs that the costs are slowing down. Studies show that healthcare spending per person has grown more than 4% in the past few years, with more individuals receiving support for multiple chronic conditions than ever before. This represents a 10-year rise of nearly 18% for individual healthcare services, which explains why healthcare utilization has stayed mostly flat while costs continue to go up. There are a number of factors that make up these figures, but the costs associated with longer lifespans and the intensity
[ Read More ]

4 Ways to Better Manage Rising Healthcare Costs in 20212021-04-10T13:50:44+00:00

3 Steps to Take for a Successful 2021

2021-04-10T14:43:03+00:00

As we inch closer to starting the new year, it’s time to reevaluate and redesign your employee benefits to ensure you and your team are set up for success. So much has happened during this past year with the coronavirus pandemic. Changes have included long leaves of absences, employee status changes, and new employees hired in some cases. This means the demographics of the average work environment have changed considerably over the past months. Now is a good time to take stock of exactly what you will be offering your employees to meet employees’ needs and determine employer contributions. Consider Offering
[ Read More ]

3 Steps to Take for a Successful 20212021-04-10T14:43:03+00:00

4 Strategies to Recruit Successful Remote Workers

2021-04-11T15:18:02+00:00

Welcoming new team members is a great step to continue building your team's success. Though it may seem like an arduous task to integrate new faces into your existing company with so many employees working from home, proper planning can ensure that you find the right candidate to further fuel your team's success. Consider the following suggestions to help you recruit the right remote workers.Evaluate Who You Need to Fit the RoleBe sure to have specifics on how you need to fill the role. It's important to define the traits you're looking for to fill the role whether it’s for an
[ Read More ]

4 Strategies to Recruit Successful Remote Workers2021-04-11T15:18:02+00:00

5 Tips to Enhance the Employee Experience Beyond Health Benefits

2021-04-11T15:53:32+00:00

Happy employees are more productive employees. They are more likely to stay with your company and more likely to produce top notch work while they are there. While generous health benefits are a top draw, they aren't the only employee benefits you have available to enhance the employee experience. These benefits are easy to put in place, but hugely appreciated by the people who work for you: Flexible Schedules Today's highly connected digital landscape means that it's easier than ever for people to get the work done on a schedule that fits the rest of their lives. Offering flexibility can
[ Read More ]

5 Tips to Enhance the Employee Experience Beyond Health Benefits2021-04-11T15:53:32+00:00

Why Now is the Best Time to Redesign Your Benefits Options

2021-04-12T12:17:27+00:00

As we come towards the end of the year, it’s time to redesign your employee benefits to get a jump start before the next enrolment period. So much has happened during this past year with the coronavirus pandemic. We have seen a lot of movement in employee status, with some taking a leave of absence, others furloughed, and new employees hired in some cases. This means the demographics of the average work environment have changed considerably over the past months. Employers need to reevaluate their employee benefits before moving into the next open enrollment period. Now is a good time to
[ Read More ]

Why Now is the Best Time to Redesign Your Benefits Options2021-04-12T12:17:27+00:00

Steps to Take to Get Prepped for Fourth Quarter Now

2021-04-12T12:54:53+00:00

Open enrollment for the new year’s health insurance plans can be one of the most hectic times of year for you and your human resources department. Fourth Quarter is the time to get an early start on helping many employees have to make healthcare decision that will affect them all year long. You want to do everything you can to make your enrollment a success for the people who work for you.
[ Read More ]

Steps to Take to Get Prepped for Fourth Quarter Now2021-04-12T12:54:53+00:00

3 Ways to Successfully Onboard New Hires and Keep Them

2021-04-12T13:16:57+00:00

Growing your business is an exciting venture that often results in hiring new team members or leadership. Though it may seem like a daunting task to integrate new faces into your existing company, mission and network, proper planning and foresight can ensure that new hires feel comfortable and capable in their new positions. By taking the time to establish an onboarding plan and implementing thoughtful strategies for procedures like open enrollment, you can facilitate your company’s expansion in a sustainable way. Consider the following suggestions to ease the transition for new hires and existing employees alike. Provide New Hires with Onboarding
[ Read More ]

3 Ways to Successfully Onboard New Hires and Keep Them2021-04-12T13:16:57+00:00

United States Supreme Court Rules Title VII Protects Individuals From Discrimination Due To Sexual Orientation or Gender Identity – Does this impact employer health plans?

2020-06-18T21:41:27+00:00

On June 12, 2020, the U.S. Department of Health and Human Services (“HHS”) released itsFinal Rule under Section 1557 of the Affordable Care Act which, among other things,modifies the regulation issued by HHS in May 2016 (“2016 Rules”). The 2016 Rules weresubject to multiple lawsuits over the years and HHS claims the Final Rules, among otherthings, “better comply with the mandates of Congress…reduce confusion…and clarify thescope of Section 1557 in keeping with pre-existing civil rights statutes and regulationsprohibiting discrimination on the basis of race, color, national origin, sex, age, anddisability.” Just days after the Final Rule was released, the United States
[ Read More ]

United States Supreme Court Rules Title VII Protects Individuals From Discrimination Due To Sexual Orientation or Gender Identity – Does this impact employer health plans?2020-06-18T21:41:27+00:00

4 Ways to Support Wellness for Remote Workers

2021-04-12T13:40:44+00:00

Many companies offer employee benefits such as gym memberships and wellness programs over and above normal health care benefits. A key consideration is determining how can you support the health and wellness needs of those working remotely. Working remotely is more than a trend, it’s become a necessity to prevent the spread of the coronavirus. As more companies are seeing the benefits and cost-savings of having their workforce work remotely, it’s likely many companies will continue to allow their workers to continue to work remotely post COVID-19. These four wellness tips will help staff outside your home office feel as though they
[ Read More ]

4 Ways to Support Wellness for Remote Workers2021-04-12T13:40:44+00:00
Go to Top