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Broker Tips

11/18/2020

The Growing Demand for Voluntary Benefits

The Growing Demand for Voluntary Benefits In 2020, 45% of employers enhanced their voluntary benefits including healthcare and non-healthcare. That’s a 5-point increase over the previous year,...
11/12/2020

How COVID-19 Is Affecting Open Enrollment This Year

How COVID-19 Is Affecting Open Enrollment This Year A LIMRA study reveals how some employers are re-examining employee benefits due to COVID-19. More employers are looking into online enro...
11/12/2020

Confusion Leads to Bad Health Plan Choices

Confusion Leads to Bad Health Plan Choices Almost a quarter of employees faced with the choice of two employer-sponsored health care plans picked the one that left them worse off financiall...
10/28/2020

Does Meeting the Deductible Drive Low-Value Health Care Services?

Does Meeting the Deductible Drive Low-Value Health Care Services? A study by the Employee Benefit Research Institute (EBRI) reveals that members who met their plan deductible were 83% more like...
10/28/2020

Employers Eye New Health Delivery Approaches

Employers Eye New Health Delivery Approaches In the next three years, 73% of employers plan to roll out new health delivery models, according to a survey by Willis Towers Watson. From August 11...
10/21/2020

Employers Won’t Cut Medical Benefits in 2021

Most Employers Say They Won’t Cut Medical Benefits in 2021 Only 18% of employers say they’ll shift more healthcare expenses to employees in 2021, such as adopting higher deductibles or copays, acco...
10/13/2020

Average Family Premiums Rose 4% to $21,342 in 2020

Annual family premiums for employer-sponsored health insurance rose 4% to average $21,342 this year, according to a recent KFF survey. Workers are contributing an average of $5,588 toward the cost of...
10/13/2020

Consumers Are in the Dark About Deductibles and Copayments

Thirty-two percent of consumers don’t know how much their health insurance deductibles are and 25% don’t know what their co-pays are, according to a survey from the National Association of Insurance C...
10/13/2020

Why Enrollment Support Is More Important Than Ever This Year

Thirty-seven percent of workers want more benefits information and guidance than usual during this year’s open enrollment season. They’re most interested in a benefits portal, a decision-making tool, ...
10/07/2020

Big or Small, It's Time to Build Your Brand

A brand is not simply a name, logo, tagline, or website – that is just your identity. Your brand is the way a company, organization, or even an individual is perceived. It's what differentiates you fr...
10/06/2020

Employee Benefits Remain a Strong Priority

Some have feared that employers would cut back or eliminate benefits amid the COVID-19 pandemic and financial downturn. For the most part, that hasn’t happened, according to a survey by the Employee B...
09/30/2020

Top Open Enrollment Trends for Large Employers

The Business Group on Health surveyed large employers to reveal open enrollment trends: Cost increases: Employees expect total health benefit costs to rise an average of 5% in 2021. Most large ...

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