United Benefit Advisors Insight and Analysis Blog

Michael Humphrey, MLHR

Sr. Employee Benefits Advisor at The Wilson Agency
A UBA Partner Firm

Recent Posts

Stop-loss Contract Periods Explained

Posted by: Michael Humphrey, MLHR    May 28, 2015 12:57:52 PM

In last week’s blog, we explained the different types of stop-loss insurance. This week we will go over another important aspect of stop-loss: contract periods. Stop-loss contract periods are perhaps the most complicated aspect of understanding how stop-loss insurance works.

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Topics: The Wilson Agency, stop-loss insurance, insurance contracts, run-out policy, run-in policy, insurance claims

The Different Types of Stop-Loss Explained

Posted by: Michael Humphrey, MLHR    May 26, 2015 4:02:39 PM

With the rising cost of health insurance and the need to provide coverage to employees, we have noticed many employers taking advantage of becoming self-insured. While being self-insured isn’t for everyone, there are definite advantages, such as the possibility of saving money – especially if you have a healthy staff. But self-insured employer groups typically can only self-insure to a certain level. In other words, they can only absorb so much of the risk associated with health care cost. Stop-loss insurance is an insurance product that provides financial protection against the high cost of catastrophic health insurance claims. Understanding the different types of stop-loss is one of the first steps in knowing if self-funding the right solution for your group.

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Topics: health care costs, The Wilson Agency, self-funding, stop-loss insurance, health care claims, Michael Humphrey, stop-loss, risk management

Four Simple Tips for Streamlining Open Enrollment

Posted by: Michael Humphrey, MLHR    Sep 15, 2014 1:46:00 PM

Communicating the value of benefits is an age-old dilemma further complicated now that many employers are making big plan changes to comply with the Patient Protection and Affordable Care Act (PPACA). As more and more employers move to high deductible health plans, making employees aware of how to use their benefits and take control of their health care consumption will be the key to cost savings. UBA’s white paper, "A Business Case For Benefits Communications,” addresses how best to reach employees, what they need to know, and how they prefer to receive the information. However, once you have educated your workforce, how do you enroll them efficiently and effectively in your plan options? UBA Partner Mike Humphrey, Senior Benefits Advisor at The Wilson Agency, has been guiding employers through the daunting task of enrolling hundreds or thousands of employees and their dependents for years. To keep open enrollment hassle and panic-free, he offers four basic tips for employers:

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Topics: PPACA, Open Enrollment, four tips

A Simple Solution for Intermittent Leave and FMLA

Posted by: Michael Humphrey, MLHR    Jul 30, 2013 12:12:00 PM

By Mike Humphrey
Sr. Employee Benefits Advisor
The Wilson Agency, a UBA Partner Firm

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Topics: HR webinars, FMLA, employment law, UBA, hr consulting