What Employers Look for in a Benefits Advisor

Selecting the right benefits advisor for your organization is a critical decision that can have long-term impacts on your business and your employees. The right advisor can help design a benefits package that attracts top talent, retains employees, and contributes to a healthier, more productive workforce. However, choosing the wrong advisor can lead to costly mistakes, compliance issues, and an ineffective benefits strategy.

Unlocking Savings and Employee Loyalty Through Cost-Sharing Waivers

Leveraging cost-sharing waivers strategically in an employer-sponsored health plan can drive better health outcomes and reduce overall plan costs while making it easier to hire and retain the best talent.  

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.

How HDMS Closing its Doors Opens New Doors to the Future of Health Data Analytics

At NavMD we’re often asked by prospective advisor and employer partners what is entailed in a transition to a new analytics provider. Understandably, they want to ensure that their data is secure and that a transition is smooth and timely.

With the recent news that HDMS is preparing to close its doors, what may feel like a daunting situation to their clients now, could actually lead to a healthy reevaluation of what they want in a future analytics partner.