United Benefit Advisors Insight and Analysis Blog

Medicare Costs Explained

Posted by: Kathy Binkley, RHU, ChHC    Aug 25, 2015 12:00:00 PM

I’m sure you’ve heard the phrase “Nothing in life is free,” and nothing is – not even Medicare. In most cases, you won’t have to pay a premium to get Medicare, at least for Part A (here’s a refresher on the different parts of Medicare), but that doesn’t mean it’s free. You’ve just pre-paid in the form of taxes. So you don’t have to worry about a premium for Part A, which covers in-patient hospital expenses, assuming you or your spouse paid Social Security for at least 10 years. However, there are other costs associated with Medicare, which vary depending on the specific insurance.

Read More

Topics: health care costs, health care reform, The Wilson Agency, retirement savings, Medigap, Medicare, Medicare secondary payer, Kathy Binkley

How to Motivate Employee Participation in Your Wellness Program

Posted by: Sara Saidi    Aug 18, 2015 12:00:00 PM

Wellness rewardsHave you ever heard the quote, “If you take care of your people, they’ll take care of your business?" It’s great advice and goes beyond ensuring that they get a paycheck each month. Does your company show that they care about an employee’s total well-being? You should, especially considering that an employee’s physical and mental well-being can affect productivity and consequently cost the company money. One great way to show employees that you are invested in them, and to help them stay healthy, is through a wellness program.

Read More

Topics: wellness, wellness incentives, employee benefits, health care, The Wilson Agency, cost of health care, Sara Saidi

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.

Read More

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.

Read More

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

The RFP vs. the Two Step Process — Choosing Group Health Insurance

Posted by: Terry Allard    Feb 26, 2015 12:00:00 PM

Many employers look at employee benefits as a commodity, bidding out their plans annually -- and who can blame them? Rising health care costs coupled with a challenging economic environment have forced many human resources decision-makers to focus heavily on cost.

Read More

Topics: The Wilson Agency, group health insurance, Terry Allard, RFP, Two Step Process

Independent Contractor vs Employee

Posted by: Bill Olson    Nov 19, 2014 10:14:00 AM

By K. Michael Ward, MPH, SPHR, GPHR, Employee Benefits Advisor
The Wilson Agency
A UBA Partner Firm

Read More

Topics: The Wilson Agency, IRS, independent, contractor, employee, Michael Ward