That's just one of the themes in this week's Raw Bar. Listen in as the National Business Group on Health's Helen Darling talks about new research, detailing how major employers are smart enough to know that workers won't be rushing to fly half-way around the world for surgery, regardless how much they might save in the process.
We are launching a new blog at the Benefits Group called the "Daily Diversion," emloyeebenefitnews.blogspot.com. We're also closing out EBA's Adviser of the Year contest and the "Best" Group Vision Rep contest.
The medical trend rate, while growing each year, hasn't been escalating as fast recently. For the last five years, each annual jump has been a little bit smaller than the previous one. That's expected to end in 2009. Listen in as Robert Laszewski, president of Health Policy and Strategy Associates, discusses the underlying fundamentals and why he thinks things will change soon. He also shares some of his thoughts and analysis on recent congressional happenings, most importantly the chamber's decision to block a 10% Medicare fee cut for doctors.
New research from Hewitt recommends workers strive to have 125% of their pre-retirement income to deal with uncertainties like health care and inflation when trying to maintain a familiar lifestyle during the "golden years." Listen in as the consultancy's Alison Borland talks about how Hewitt came to the number and what employers and advisers can do to make the figure a little less scary for workers.
Make sure to check out our conversation with Robert Laszewski, he's a health policy guru extraordinaire and he runs a consulting firm inside D.C.'s infamous beltway. While it takes awhile for us to get there, eventually the point is made during our conversation with him that the average American's current gas price fixation and the speed with which it is bringing about changes in our automobile manufacturing sectors as well as other markets is a clear reminder of how potent an engaged consumer class could be in wrangling health care costs. The successful strategy for tapping that power is what remains elusive. Check out what else is fresh this week on EBA's Raw Bar…
It is often said that knowledge is power and Joe Knight co-author of the new book Financial Intelligence for HR Professionals believes that opening up the books to workers across an organization engenders a more powerful workforce.
We're trying to ferret out the industry's best again. This time we're focusing on group vision. Just like dental and disability there are dozens of carriers in the market, but are the bonds betwixt broker and rep as strong in vision? How important is rep service on this product line? Those are just some of the questions we're trying answer.
Make sure to check out our conversation with Dan Colacino, who serves as president of the New York state association of health underwriters. He and his group have just concluded a series of seminars with the state insurance agency on the issue of rebating. While sparks were expected, it seems tempers were kept in check.
Make sure to check out our interview with Jim Edholm of Business Benefits Insurance. He outlines how he continues to pick off clients with his simple, back-to-basics approach to service -- he just doesn't get lazy (or at least he tries not to).
Insurance brokerage giant Willis Group will buy Hilb Rogal & Hobbs (HRH), the United States' eighth-largest broker, for $2.1 billion, representatives of the brokerages announced Sunday.
Last week's burning question focused on client relationship management programs. Based on reader responses, most advisers use CRM software and many feel it is essential to successfully running their business.
Don't forget to get your daily dose of eavesdropping on the EBA Raw Bar. We have several conversations you may want to listen in on like discussion of Willis' purchase of HRH, wellness and medical tourism.
We are launching a new blog at the Benefits Group called the "Daily Diversion," emloyeebenefitnews.blogspot.com. We're also closing out EBA's Adviser of the Year contest and the "Best" Group Vision Rep contest.
Fifty-five percent of the employers in the United States with more than 200 employees partially or completely self-fund their health plans. Yet despite the prevalence of self-insured plans, there is still misinformation about them.
The Department of Labor recently released guidance, in a question-and-answer format, that will help advisers stay compliant when it comes to client disclosure. The DOL's clarification of the 2009 Form 5500 Schedule C helps employers and service providers comply with the requirements for reporting fees and compensation.
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