Employee Benefits

During these unprecedented times, the challenge of managing the ever-increasing cost of health insurance has become more difficult. Employers should consider implementing risk management strategies that can help to avoid potential claims that drive health insurance costs. This strategy requires...

Inertia can set in as employers struggle to balance escalating benefits costs with organizational financial targets. For employers, passing along higher costs to employees seems to be the easiest and most traditional way to sustain benefits programs. Meanwhile, employees often passively enroll in...

Long-term Care (LTC) Insurance has existed for decades however it is becoming more prevalent for a few reasons: Baby boomers are finding out that once you need the coverage, it’s too late. Disqualification occurs if an individual has a debilitating condition, or is over the age of 75. Funding for...

Changes to the Consolidated Appropriations Act are just around the corner as we prepare to enter into 2022. Under the new rules, many plan sponsors and employers are identified as fiduciaries, similar to existing retirement plan requirements. As we approach the CAA provisions enactment date...

New legislation regarding provider pricing transparency in the Consolidated Appropriations Act (CAA) and other laws taking effect in January 2022 are creating a compliance whirlwind. Last month, we discussed the CAA's impact on holding brokers accountable regarding fee transparency. This month, we...

While insurance purchasing decisions should always be made in the best interest of the insured first and foremost, unfortunately, there is often a lack of transparency from brokers looking to pad their own pockets. This lack of transparency often includes excessive administrative fees, additional...

From administration changes and evolving legislation to various other shifting circumstances, it is clear; employers across all industries must constantly learn and adapt to handle their benefit offerings effectively. While the COVID-19 pandemic added an extra layer of complexity, the ability to...

Learn how to cut hidden and inflated fees in your benefits plan In an increasingly complex economic world, scrutinizing all organizational costs is vital to the long-term viability of businesses of all sizes and within all industries. Recently, the RCM&D Employee Benefits Team discovered several...

In order to win a new federal contract, filed bids must incorporate the cost of being an employer – inclusive of health and welfare benefits. Often referred to as “fringe,” these bundled employee-related expenses become major cost components of competing proposals. Federal mandates, including the...

While this may seem obvious to many, the issue of affording health and welfare insurance is on the rise again. Despite a strong economy in many parts of the world, many employees are having a harder time affording their benefits than they were five years ago. This stems from the additional cost...