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Lower Your Turnover
Turnover costs you money, folks, big money. New, replacement employees aren’t nearly as efficient as the employee that left, so productivity drops. (I’m talking turnover, which generally means that the good employees are leaving for greener pastures. I’m not talking termination of lousy employees – that boosts efficiency and productivity.)
Business Benefits TV Episode 5 – No Cost Benefits
In this episode, Jim Edholm and his associate talk about voluntary benefits. Voluntary, employee-pay-all benefits can be made available for various coverage classes such as disability insurance, life insurance, dental, critical illness, accident and many other coverages. Employees appreciate the benefits almost as much as they do benefits that are employer-paid, so they can add [...]
Benefit Trends, 2012 Version
Met Life does a study every year titled, “Study of Employee Benefit Trends.” This year was the 10th year they’ve done it, and there are some very interesting items in it, which I plan to cover over the coming weeks. This is Met Life’s data but my interpretation.
Does Your Health Plan Really Cover Your Employees’ Medications?
I use generic drugs. I like generic drugs – they save me money and seem to do the trick. But not everyone feels the same way. Some people have allergies or side effects. Some doctors believe that the original is the only drug to use, so they prescribe the drug with “no substitutions” or “D.A.W.,” [...]
New Newsletter and Latest BBI In The News
Please click here to see all of our 2012 Newsletters. Also take a look at Jim’s latest article listed below.
I Have Seen the Future (of Healthcare) and It’s Not Bad…
If we can keep the politicians out of it, that is. I’ve just finished a period where I’ve seen things I haven’t seen in over a decade – specifically, a string of single-digit rate increases – some under 1% – and one actual reduction in rates! In Massachusetts, of all places.
Five Steps to Keep Your Benefits Broker Straight: Edholm of Business Benefits Insurance Reveals Industry’s Best-Kept Secret
Read Jim’s latest article talking about the five steps to keep your benefits broker straight. Click here to go to the published article.
The Dark Side of Group Broker Selection
Besides costing you money, selecting the wrong broker might just get you in trouble with the law. I know, you’re thinking, “C’mon, Jim, don’t overstate your case. It can’t be that bad to make a poor choice.”
Latest BBI In The News
See Jim’s Latest article and quote at: Limited-network plans may offer care you need – for less (Massachusetts Lawyers Weekly – March 1, 2012) – Benefits Package contains advice about benefits that law firms might want to offer their employees. On Feb. 15, the Boston media was abuzz with the just-released news about the Retailers’ [...]
Obesity, Hypertension, Diabetes: Is America Finally Waking Up?
This week Gallup released some interesting info on health and well-being in the US. Some years ago Gallup teamed up with Healthways Well Being to create the Gallup-Healthways Well Being Index, which measures the general health of the US.