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Aptia clients now have the added benefit of improving benefits education and engagement with Flimps robust digital benefits campaigns and white-glove, consultative approach. For more information or to schedule a consultation to learn about Flimps benefits communication solutions, visit: flimp.net/contact.
The broker-PEO relationship Employee benefits brokers and property & casualty insurance brokers help their clients find and purchase comprehensive, high-quality coverage at the best possible price by engaging directly with several insurancecarriers. PEOs, however, don’t sell insurance.
The platform offers a wide range of benefits administration solutions, including health and wellness programs, retirement planning, and employee insurance plans. The company works with some of the largest insurancecarriers in the country, making it easy for employers to offer a range of benefits to their employees.
Flimp offers benefits consultants and employers a wide range of flexible, affordable, benefits communication solutions available in an easy-to-deploy, modular format called Flimp Campaigns. For more information or to schedule a consultation to learn about our benefits communication solutions, or managed services, it: [link].
By confirming youre only covering eligible expenses, you maintain compliance with insurancecarrier eligibility requirements while minimizing litigation risks and reducing stop-loss exposure. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.
Dependent eligibility audits are essential for maintaining adherence to insurancecarrier requirements and minimizing potential litigation. Action item: Consult with your plan administrator to ensure compliance with 2025 deadlines. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.
Flimp Campaigns offers customized benefits content combined with white-glove managed services to clients to ensure their benefits communication programs are a success.
Other employers, especially those who are self-funded, are conforming to this rule by accessing and posting links on their websites, which are being provided by insurancecarriers or third-party administrators (TPAs) who are hosting these rates and historical payments on their own websites.
That is why many businesses rely on independent employee benefits consultants to guide them through the process of choosing competitive benefit packages that are cost-effective for all concerned. Once a plan is selected, a benefits consultant dispenses the chosen packages and manages the benefits going forward.
a national workers’ compensation and human resources consulting company. Please remember that her comments should not be construed as legal advice or professional consulting. If you have detailed questions, you should address them directly with your labor attorney or professional services consultant.
Reduced exposure to legal liability : If a contractor damages a customer’s property while performing work requested by a company, the contractor’s insurancecarrier is responsible for making the customer whole. Companies may bear some responsibility, but not nearly as much.
Consider using: A third-party consultant – Independent workplace safety consultants typically charge $100/hour. Your workers’ compensation insurancecarrier – Many carriers provide fee-inclusive safety consultation services to their customers.
Maintain Communication with the InsuranceCarrier: Effective communication with the insurance company is vital to the claims management process. HR should follow up regularly with the carrier to ensure that the claim is being processed efficiently.
They consult with client companies on a regular, ongoing and proactive basis. An example of this is a client company discovering that they’ve been continuing to pay for medical insurance for a terminated employee. You have many options for outsourcing your company’s human resources (HR) function.
Insurancecarriers have been trying out new approaches to controlling costs, while improving health outcomes for their plan enrollees. A referral management system aims to facilitate good communication between the consultant, specialist, health care provider and the patient. Other cost-saving measures.
It’s essential to read a service provider’s website to understand everything they offer before contacting them for a free demo or consultation. Let’s say you want to provide dental and vision insurance for your employees. Pricing will also vary, so you should plan your budget before reviewing PEOs.
Freelancers, consultants, contractors, whatever you want to call them, are a vital part of today’s economy and modern workplaces. Images taken by Sharlyn Lauby while consulting around the globe for her clients. There are tremendous advantages for organizations to have on-demand talent options.
Consider using: A third-party consultant – Independent workplace safety consultants typically charge about $100/hour. Your workers’ compensation insurancecarrier – Many carriers provide fee-inclusive safety consultation services to their customers.
Flimp Communications is a leader in HR, benefits and employee communication and provides virtual-communications solutions including software, decision-support tools, workforce texting and interactive digital content to employers, HR consultants, insurancecarriers and healthcare providers.
Finally, short-term limited duration insurance (which is typically an individual market product) is also exempt. Practical Challenges Fully-insured employers may contract with their insurancecarriers to provide prescription drug reporting on their behalf.
Beginning December 27, 2021, as part of the Consolidated Appropriations Act, covered service providers – insurance providers, benefits brokers, agents, and consultants – are required to disclose any compensation they expect to receive over $1,000.
Request a loss run report by contacting your insurance broker so they can get in touch with your insurancecarrier or ask your insurance company directly. You may even be able to request a loss run online if your insurance broker or company has an online portal. Checking for mistakes.
Consult your broker. Brokers should have established relationships with several different insurancecarriers and present multiple options to meet your goals and objectives. This period of preliminary evaluation is also good for looking back on how the renewal process and open enrollment went last year.
Flimp Communications is a leader in HR, benefits and employee communication and provides videos, decision-support tools and interactive, digital communication solutions to employers, HR consultants, insurancecarriers and healthcare providers.
Submit carrier eligibility to insurancecarriers. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. Taking COBRA off your plate will do just that, since you’ll reduce or eliminate the need to manually: Send and receive COBRA paperwork. Collect premium payments.
Although as a practical matter, insurancecarriers may direct employers to do so under policy terms.). ALEs must therefore contribute towards the employee’s coverage cost to ensure “affordability.” By contrast, ALEs are not required to pay anything towards the health coverage cost for the employee’s spouse or dependent children.
Consider using: A third-party consultant – Independent workplace safety consultants typically charge $100/hour. Your workers’ compensation insurancecarrier – Many carriers provide fee-inclusive safety consultation services to their customers.
Be sure to consult with a home and auto insurance agent to determine the best course of action for insuring your EV home charging station and protecting your investment in both your home and your electric car. This higher cost of repair and labor can mean higher costs for insurancecarriers in the event of a claim.
As always, be sure to consult with an employment law attorney to ensure you’re clear on the laws at all levels. Depending on the state, you may see protections in place such as: Statewide paid sick leave requirements. Job-protected unpaid leave for those on medical leave. Employer Paid-Time Off Policies.
By confirming you’re only covering eligible expenses, you maintain compliance with insurancecarrier eligibility requirements while minimizing litigation risks and reducing stop-loss exposure. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. It is not legal or tax advice.
For those needing help calculating the average number employees and dependents during the plan year, you can typically request this information from your medical insurancecarrier or third-party administrator (TPA).
Assistance in establishing a safety and health program is available from OSHA-sponsored state consultation agencies, insurancecarriers, trade associations, and private safety consultants.
Confirm the nonprofit maintains sufficient D&O insurance. Consult with your insurance advisor and check the per-occurrence and aggregate limits of the organization’s policy to determine whether they are high enough. Avoid coverage gaps when switching insurance companies. Understand your obligations as a board member.
Did you know that all you have to do to switch to a new benefits broker is submit a signed Broker of Record (BOR) form to each insurancecarriers you work with? You can keep your existing carrier plans. Ready to talk to an experienced consultant about finding the right broker or making the switch? Making the switch.
Risk levels for a business (and an insurancecarrier) can vary depending on the type of product involved. Given the potential for extremely high costs, companies should consult with their insurance broker to consider whether their policy limits are high enough to handle a class-action product liability lawsuit.
According to Centripetal Consulting , it has “traditionally only been available to larger organizations; however, many outsourcers are bringing this model to the mid-market. PEOs select and manage the third-party partners that best fit the collective group of clients served (insurancecarriers, for example). PEO vs. HRO.
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.
Both options manage insurance partners (but in different ways). Both ASOs and PEOs take on the burden of managing vendors, but the difference is that an ASO could potentially be managing an insurancecarrier for each of its clients, while a PEO has a single carrier and a team.
After 25 years in the consulting industry, one thing I know for certain is there are only so many levers you can pull to rein in escalating benefit costs. Self funding also provides more plan design flexibility and eliminates the internal costs that an insurancecarrier builds into a plan for profit.
To begin researching your industry’s specific safety requirements, consult the websites for OSHA and the National Institute of Occupational Safety and Health (NIOSH) , or conduct a quick Google search to see what risks you may have missed. Did you know that many states require insurancecarriers to offer free safety services?
This Order shall apply to all insurancecarriers writing policies providing workers' compensation insurance coverage in the Commonwealth of Kentucky, self-insured groups, and any employer carrying its own risk and authorized to self-insure in the Commonwealth of Kentucky; and 5.
For more information or to schedule a consultation to learn about our Total Rewards Statement or other HR and benefits communication solutions, visit: flimp.net/contact. Flimp Campaigns offers customized content combined with white-glove managed services to clients to ensure their communications programs are a success.
A primary concern is the significant control employers and insurancecarriers exert over selecting medical providers. For conditions that necessitate immediate MRIs, specialized consultations, or urgent procedures, the time taken to gain approval can lead to worsening conditions and prolonged disability.
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