Health Insurance 101: Exploring Funding Models, Protection, and Control

For most full-time, non-exempt employees in the United States, health insurance is a non-negotiable part of their benefits package. However, as highlighted in the “Cost Drivers” section of this discussion, the rising cost of health insurance and healthcare services has reached unsustainable levels for many employers. Despite these challenges, employers are not powerless. The key takeaway here is that employers can significantly reduce the cost of their health plans by critically evaluating the pros and cons of available funding models and selecting the one that best suits their organization’s needs.

How Brokers Can Help Employers Effectively Manage Stop-Loss Commissions & Fees

Stop-loss insurance is a critical safety net for self-funded employer health plans, shielding businesses from the financial burden of catastrophic claims. However, navigating the complexities of fees and commissions tied to stop-loss coverage can be challenging for employers. As a broker, you play a pivotal role in guiding your clients through these intricacies to maximize value and minimize unnecessary expenses.