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Choosing the Right Benefits Advisor – Glossary of Terms

While searching for the right employee benefits advisor, the jumble of industry acronyms and jargon can quickly become confusing to even the most seasoned human resources professionals. Included below are definitions for some of the more common terms in the employee benefit brokerage world. For more information on any of these or other industry terms, contact us today! ASC: Ambulatory surgery …

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How to Address the Cost of Diabetes in the Workplace

Summer is officially here and while we would like to believe that all of us have gotten healthy and bikini ready by this time of year, the reality is that the majority of our country is not. Specifically, Diabetes has risen to the top of the chronic disease states affecting employees. The CDC reports that more than 29 million Americans are …

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Health Care Reform Uncertainty: What You Can Do Now

Since all we’ve been hearing on the healthcare front these days is uncertainty about the impact of proposed health care reform, we thought it would be helpful to share a little about the facts we DO know about the cost of health care and how employers’ plans currently measure up to each other. As health insurance costs continue to rise, …

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Disability Insurance: Protect Your Paycheck

Typically, if you get sick you go to the doctor, and often that’s covered by health insurance. If you get into a car accident, you likely have auto insurance company to handle those expenses. But what if your illness put you out of a job, or the car accident caused an injury which prevented you from going back to work? …

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AHCA Passes in the House – Now What?

Many of you are likely aware that on May 4, 2017, the U.S. House of Representatives passed House Resolution 1628, a reconciliation bill proposed by the current administration, aimed at “repealing and replacing” the Patient Protection and Affordable Care Act (ACA) set forth under the Obama administration. This new bill, titled the “American Health Care Act of 2017” (AHCA) is …

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How Clear Benefits Communication Creates Productivity

Many successful employers offer substantial employee benefit programs, but they are often frustrated by how little value their employees see in them. In part, this under-appreciation is caused by employee confusion about what benefits are provided, and when and how they can take best advantage of those benefits. The Cost of Unclear Communication When employees do not clearly understand their …

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Best Practices for Payroll Reporting & Recordkeeping for Benefits [Event]

Information around employee benefits can be a complex topic. Yet, it is an important one and a topic that every employer must be aware of. That is why Beneflex takes part in an ongoing event series in which our subject matter experts present best practices and tips to make planning for and executing on employee benefits plans more digestible and …

The Reference Based Pricing Movement

What is Reference Based Pricing? Reference Based Pricing (RBP) is a form of defined contribution where the sponsor of the health plan offers to pay a fixed price for an item or service. The health plan member can then go to any vendor or provider that will provide the item or service for that price. They may also go to …