The health insurance landscape in the United States has undergone significant changes over the past decade. Since the implementation of the Affordable Care Act (ACA), many expected an influx of competition among health insurers, leading to better choices and lower costs for consumers.
However, the reality has been quite the opposite. The number of companies selling group health insurance has
Leveraging Data Analytics for Strategic HR Decision Making
By: Krissy Fuller
If you’ve followed me for a while, you probably have a good sense of who I am, where I work, and who I work with/for. If you’re new here…welcome! Let me take a quick second to give you the highlights. I handle all things Operations at be the change HR. We help SMBs by providing HR services
Special Open Enrollment: A Key Opportunity for Small Businesses Facing Coverage Challenges
As a small business, you’re likely familiar with the challenges of meeting health insurance contribution and participation requirements. Fortunately, there’s a crucial solution available annually—the Special Open Enrollment (SOE) Window. This period, mandated by the Affordable Care Act (ACA), allows Small Group employers to offer medical coverage to employees without needing to meet the usual contribution or participation thresholds. It’s
Balancing Benefits and Wages: How Rising Healthcare Costs Impact Small Business Strategies
With healthcare costs climbing, small business owners are navigating difficult choices between competitive wages and sustainable benefits plans.
In today’s challenging business environment, healthcare costs are becoming an increasingly difficult hurdle for small business owners. A recent study, the *2024 “Pulse of the Purchaser” survey* by the National Alliance of Healthcare Purchaser Coalitions, highlights how the rising costs of healthcare
November Legal Update: Laws That Go Into Effect in November 2024
Heads up, employers!November 2024 brings a few key updates. In Massachusetts, businesses with 50+ employees must post a veterans’ benefits poster, and sick leave now covers reproductive loss events. In New Jersey, if you have 25-39 employees, register for the RetireReady NJ Savings Program by November 15.Stay ahead and keep it compliant!
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Prepare for Success: A Year-End Guide to Estate Planning, Insurance, Financial Organization, & Cleanups
As the year is quickly coming to a close, it’s the perfect time to reflect on your business and personal financial goals and set the stage for a successful 2025. Year-end planning is crucial not only for assessing the progress you’ve made, but also for taking steps to ensure that next year starts off on the right foot.
A well-thought-out strategy
A well-thought-out strategy
Why Long-Term Care Insurance is the Employee Benefit You’re Probably Overlooking
As an employer, you’re likely offering a range of benefits to attract and retain top talent: health insurance, retirement plans, and perhaps some voluntary perks.
But there’s one critical benefit that many employers are overlooking: long-term care insurance (LTC). This relatively new offering can be a game-changer, not just for your employees but also for your business.
What is Long-Term
But there’s one critical benefit that many employers are overlooking: long-term care insurance (LTC). This relatively new offering can be a game-changer, not just for your employees but also for your business.
What is Long-Term
The 10 Best Things About Personal Transition Planning For Business Owners
Let’s focus on personal transition planning for business owners. This involves preparing yourself emotionally, mentally, and practically for life after stepping away from your business. 1. Reflect on Your Identity and Purpose Your business has likely been a significant part of your identity. Reflect on who you are outside of your role as a business […]
The post The 10
More Than Just a Broker: CorpStrat Delivers Value
What’s 5% worth? It’s worth A LOT, if you’re an employer who provides benefits to your employees.
As an employer in California, you might be surprised to learn that the insurance broker handling your employee benefits earns 5% of your premiums. This percentage is fixed, non-negotiable, and embedded in the cost of every health insurance product sold to employers in
How much is my drug copay?
As a consumer or employer navigating the complex world of prescription medications, one of the most frustrating questions we hear is, “How much is my drug copay?”
It seems like it should be a simple answer, but in today’s rapidly changing pharmaceutical and insurance landscape, it’s becoming increasingly complicated. Let us share our experience and what our clients can learn.