Healthcare Advisor

Spotlight on Insurance: Worker’s Comp 101

Workers’ compensation insurance is a mandatory policy that protects your employees in the event of job-related illnesses or injuries. In our freshest blog post, we’ll give you the 411 on the value of worker’s compensation insurance to help your business thrive. Here’s the scoop: Workers’ Compensation 101 Every employer needs to ensure that the workplace is safe for all employees. However, accidents happen. Compensation insurance provides financial benefits for employees who experience job-related injuries or illness to reimburse medical expenses and lost wages. The policy is no-fault, so it will... Read More

Accident Insurance: What Is it and What Does It Cover?

Accidents happen. No matter how careful you are, they do, especially when you least expect them. While on vacation, a fall from a ladder or a common sports injury can happen at any time. And beyond the injury, the cost of paying for an accident can be a serious pain. Medical expenses are one of the biggest financial hardships for Americans every year. Accidents are no exception to these expenses: Americans visit the doctor on average 68.2 million times a year to treat injuries. But beyond covering medical expenses, your... Read More

The Added Benefits of Your Benefits

We all know the value of having good health insurance benefits. However, many people neglect to realize that their ‘benefits’ extend way past just coverage for preventative care or major medical and dental expenses, with a lot of people not taking advantage of everything their plan offers. It’s not just about paying the bulk of your doctor visit and lab test bills; your plan can actually help you save money while getting or staying healthy. Call your health insurer or check their website to see if your health plan offers... Read More

Understanding Mental Illness in the Workplace

Many Americans suffer from mental illness – and this includes many of the employees at your company. In fact, nearly 43.8 million Americans deal with mental illness each year. Because mental illness is so prevalent, it’s imperative that all employers understand the rights of workers dealing with mental health issues. ADA Protections According to the U.S. Equal Employment Opportunity Commission, employees struggling with mental illness are granted rights under the Americans with Disabilities Act (ADA). These rights include the following: Workers cannot be harassed or discriminated against due to mental... Read More

Are Mental Health Treatments Covered by Health Insurance?

According to State of Mental Health in America 2018’s report, more than 40 million Americans have a mental health condition. That’s why getting help when you have a mental health condition is really important, however, many people don’t know that they may have coverage for mental health treatment on their current health insurance plan. Although not all health plans are required to offer coverage for mental health treatment and services, many employer group insurance health plans do offer the coverage since health care reform. It is important to understand what... Read More

Help Your Employees Struggling with Addiction to Get FIT

Today, millions of people struggle with a substance use disorder that can adversely affect every aspect of their lives, including school, community, and work. An employee who suffers from addiction, or has a loved one who is impacted, can unwittingly drive hidden costs and challenges for employers. Lost productivity, absenteeism, injuries, fatalities, theft, and low employee morale are some of the most common issues related to addiction. Some other consequences are increased health care costs, human resources issues, legal liabilities, and workers’ compensation costs. Your employees are your greatest asset.... Read More

Why Small Businesses Should Consider Level-Funded Health for Their Employees

Recently, insurances companies, like United Healthcare, returned $1.1 billion in premiums to policyholders under the Affordable Care Act. Workers were notified in form letters from insurers this month that a “rebate” had been sent to their employer, who “must follow certain rules in distributing the rebate to you.” But even when employees paid a significant share of the premium, many employers are still deciding how, when or even whether to share the cash. The law gives employers up to three months and considerable discretion to decide how to spend the... Read More

What Top Workplace Wellness Trends Employers Should Focus on in 2019

While most companies provide basic benefits like health insurance to their employees, some are taking things up a notch by providing extra benefits, like access to on-site gym facilities or healthy snacks in the break room. While these benefits are valued and supported by employees, many companies are still underestimating the importance of having healthy employees. Every aspect of a person’s health, from their physical, mental, even financial health, affect their performance at work. Though losses from poor employee health might not always be obvious to employers, they are nonetheless significant.... Read More

Why You May Want to Consider Investing In Level Funded Health Plans for Your Employees

Whether big or small, enrolling in employee health coverage for your staff is an important component of running your business. However, often times smaller companies have had a difficult time obtaining affordable coverage since the Affordable Care Act, or ACA, was initiated. While some small businesses have found ways to cover their employees, others still struggle to provide sufficient health plans. Good news. There is a way around this problem for small businesses and even bigger companies. They’re called level funded health plans and they’re designed with the small business... Read More