Paul Wilson is the editor-in-chief of BenefitsPRO Magazine and BenefitsPRO.com. He has covered the insurance industry for more than a decade, including stints at Retirement Advisor Magazine and ProducersWeb.
So far at least, that promise is largely just that – a promise. Despite the fact that an appeals court threw out the American Hospital Association's lawsuit challenging the rule's requirements, most large hospitals across the country have ignored the new rule.
While many of us are generally opposed to mandates, compensation disclosure is the kind of positive action that strengthens the role of benefit specialists and empowers us to demand the same level of transparency of providers and carriers/networks for our clients.
Consumer expectations for exceptional customer experiences are evolving dramatically every day. In the employee benefits arena, delivering on those expectations can help providers and brokers distinguish themselves with employers and their employees.
As we settle into our next normal, brokers will need to advise their self-funded clients to build plans that meet their employees' new expectations while keeping costs low.
From going self-funded to fully utilizing technologies like on-site clinics and telehealth, employers can now confidently choose lower-cost healthcare without any loss in quality.
Benefits advisors can help employers offer great, and even improved, health plan benefits to their employees, often at reduced costs, by breaking out of the box defined by traditional health plans. The trick is finding solutions that provide flexibility.
A few years ago, L&F Distributors, a McAllen, Texas-based beer wholesaler owned by Joe LaMantia and his family, decided to do something for its employees and their dependents about perpetually rising health costs.
In this episode, Mike talks about his former career as a professional musician and how it has impacted his success at Springbuk. We also dive into the importance of data transparency and how it will impact the health insurance industry moving forward.