I’ve been out to a number of clients who don’t have a benefit plan. There are some business owners that I’ve met that are attempting to self-manage their own benefit plan. They see that it’s a necessary step to help attract and retain employees. Introducing a benefit plan helps to legitimize the company in the eyes of employees, suppliers and … Read More
Are These 4 Health Plan Mistakes Putting Your Small Business at Risk?
You’re a great employer! You’ve set up a benefits plan for your employees, but you may be exposed to unrealized liability. Many companies set up a benefits plan to protect their employees but is your employee benefits plan creating a liability for your company? Here are some potential situations that we come across that can potentially come back and blow … Read More
What are the 4 Services You Must Get Rid of from your Employee Benefits Plan?
Some benefits on plans should be eliminated or enhanced to give more value to employees and stakeholders. By having them on your plan, they are subject to abuse. It is not necessarily your employees’ fault, and the practitioners are all too willing to take your benefit dollar as far as it can go. Since benefit renewals are all based on … Read More
Has Work-Life Balance Actually Increased or Decreased During the Pandemic?
Prior to Covid, things were changing in the corporate world. Many employers are starting to recognize the importance of encouraging a work-life balance among their employees. And, in today’s competitive job market, family-friendly work environments are becoming all the rage – for a good reason. But almost overnight, things almost flipped on its head Since the start of the pandemic, … Read More
Why is it Good to be Disruptive in the Employee Benefits Industry?
By definition, Disruptive means “causing or tending to cause disruption”, but in business, it generally refers to “innovative or groundbreaking”. My 15-year son being disruptive in his classroom is not encouraged, but it takes guts to be a trailblazer in the business world. Also, if you’re successful, then the masses will follow. Who Said a Tiger Can’t Change Its Stripes? … Read More
Is It About Time To Modernize Your Employee Benefits Plan?
Employee Benefit Plans of the Future A lot has changed in how a company goes about setting up its employee benefit plan. The costs, risks and potential consequences reign immensely on a company to attract and retain great employees and be deemed an employer of choice. Strictly setting up an insured benefit plan is not the only solution as it … Read More
Why Marketing Your Group Benefits Plan Every Couple of Years is a Bad Idea
The traditional approach taken by most benefits consultants is to take your benefit plan out to the insurance marketplace for pricing. This, however, is a short term solution and not a sustainable practice. This is at best, a knee-jerk response to costs that are climbing out of control and doesn’t address the real issue of getting claims in hand. It also … Read More