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Exploring PEO As A Way To Offer Health Insurance For Your Employees

Genesis HR Solutions

If you’re like most business owners, one of the biggest things you may worry about in relation to your company is the cost of providing health insurance to your employees. In one 2018 report, almost 80 percent of respondents said they worry about the cost of health benefits. world of health insurance.

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3 Critical Keys to Negotiating Benefit Renewals

Corporate Synergies

Knowing how to approach the annual renewal with health insurance carrier, pharmacy benefits manager (PBM) and other players can help the savvy employer save some money while maintaining the same level of benefits as before. A good carrier relationship can help you come to an agreement when negotiating benefit renewals.

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Why you should offer Blue Cross Blue Shield Massachusetts health care to your employees

Genesis HR Solutions

If you’ve been around small to midsize businesses for any amount of time over the last decade, you’ve no doubt seen or experienced the frustrations of navigating health insurance. And those players often come armed with health insurance options that small businesses like yours don’t have access to or can’t afford to offer on your own.

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Healthcare and Insurance Industry Consolidation: A Bitter Pill?

Corporate Synergies

So far, the trend toward retail pharmacy, PBM and health insurance industry consolidation doesn’t seem to benefit all stakeholders. Here’s why… Insurance industry consolidation is occurring at an unprecedented rate. Health insurance industry consolidation hasn’t been good for healthcare consumers or employers.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

The most expensive benefit to offer is health insurance. For an individual, this could cost $7,000 to $10,000 per year for total health insurance, which employers and employees often split depending on the employer’s contribution strategy. per hour worked in March 2018. Considering a PEO?

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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

NAPEO ) For 2018 to 2019, the growth rate of employees of PEO clients grew at 5.6%, versus 1.4% Managing insurance carrier relationships. Read more about why BCBS is a leading health insurance provider. ). Extensis Group ). for non-PEO clients. The growth rate of business revenue was at 13.5% for non-PEO clients.

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Medical Marijuana Within the Context of Workers’ Compensation Claims

The Workcomp Writer

The Court indicated that because the Board had not cited any legal authority for its conclusion, much less identify a federal statute that exposed the insurance carrier to criminal prosecution, it would vacate the Board’s determination that the reimbursement would violate federal law. LLC , 2018 ME 77, 187 A.3d 801, et seq.