Brighton Health Plan Solutions’ Post

We know that the array of network options available to employers continues to evolve, as do the resources available to help members navigate the #healthcare system. We share how employers can start navigating these options, and implement strategies that lower costs amid rising employer-sponsored #health costs. #insurance #HumanResources

We know that the array of network options available to employers continues to evolve, as do the resources available to help members navigate the #healthcare system. We share how employers can start navigating these options, and implement strategies that lower costs amid rising employer-sponsored #health costs. #insurance #HumanResources

Enhance your benefits and earn $573 per W2 employee per year! _________ Employee dissatisfaction due to rising healthcare costs and reduced health insurance plan options is a significant issue for U.S. employers. Various surveys highlight the extent of this dissatisfaction: 1. High Out-of-Pocket Costs: According to a survey by the Business Group on Health, 73% of large employers are concerned about high-cost drugs, and 92% are worried about the overall pharmacy cost trend. These rising costs often lead to employees facing higher out-of-pocket expenses, contributing to dissatisfaction. 2. Reduced Plan Options: Many employers are limiting health plan options to manage costs. This can result in employees feeling they have fewer choices that fit their healthcare needs, exacerbating dissatisfaction. Bridgecrest Advisors empowers businesses to enhance their bottom line with zero-cost medical benefits that employees love and use. Our comprehensive offerings include zero co-pay and deductible for primary and urgent care, telemedicine, and preventive services endorsed by the ACA. With a remarkable 100% participation rate, our plan seamlessly integrates with and enhances your current benefits.

We know that the array of network options available to employers continues to evolve, as do the resources available to help members navigate the #healthcare system. We share how employers can start navigating these options, and implement strategies that lower costs amid rising employer-sponsored #health costs. #insurance #HumanResources

High-dollar claims are driving up costs in employer-sponsored health plans, leading to a 7% to 16% or greater increase in individual stop-loss premiums from 2021 to 2023. This trend, known as the "leveraged trend," occurs when the expense of catastrophic medical claims is shouldered entirely by an unchanged stop-loss deductible from year to year. Stop-loss insurance is essential for self-funded health plans, providing protection in two scenarios: specific (for individual catastrophic claims) and aggregate (for frequent substantial claims). Deductibles vary based on factors like employee population size and risk tolerance, ranging from $50,000 to over $1 million per participant annually. The survey reveals that premium costs per covered employee vary greatly: • $193 per month with a $100,000 deductible • $44 per month with a $500,000 deductible • $14 per month with a $1 million deductible This highlights the need for careful risk assessment and strategic stop-loss coverage to manage costs associated with high-dollar claims in employer-sponsored health plans.

Marketplace health plans are open to individuals and their family for coverage beginning 1/1/2024. If you or a friend need help enrolling in the best coverage for you, hit the link in my bio. Employers that contribute towards employees marketplace health plans should consider ICHRA and be connected with the right solution. That’s where I come in to explain the opinions and help implement best solution. ICHRA - The individual coverage Health Reimbursement Arrangement (HRA) is an alternative to offering a traditional group health plan to your employees. It’s a specific account-based health plan that allows employers to provide defined non-taxed reimbursements to employees for qualified medical expenses, including monthly premiums and out-of-pocket costs, like copayments and deductibles. Employees must be enrolled in individual health insurance coverage. Ready to talk about health care options? Let’s connect 704-817-3341

The Bismarck model ensures access for all citizens to quality affordable private insured and private fee for service medical care simply by neutralizing the insurance companies making them utilities instead of luxuries. Read about the Proven Bismarck Healthcare Model here; https://lnkd.in/evX8nur #valuebasedcare #healthcare #medicareadvantage #tripleaim #healthinsurance

All Health Insurance premiums continue to increase, contact my colleague Jenny Behan APA (PMI) for comprehensive advice for your Employee's health cover #healthinsurance #employeebenefits

Is your Wisconsin business drowning in healthcare costs? If your health insurance premiums keep skyrocketing, here’s your lifeline! Pivotal Health's Direct Care for Employers is a simple way to take control of your healthcare costs AND provide high-quality, convenient care for your employees and their families. Direct Care for Employers features: 🏠 Exclusive, in-person house calls for urgent care and primary care 💰 Low monthly employer fee + $0-$50 each employee visit 😊 Happier, healthier, loyal workforce Pivotal Health's Direct Care for Employers helps you: ✅ Dramatically cut your organization's healthcare expenses ✅ Offer unparalleled care and convenience to your employees Did you know? 87% of employees rank health benefits as top priority. Invest in their wellbeing, and watch #employeeretention soar! Join other forward-thinking Wisconsin businesses already thriving with our innovative solution. Transform your #healthcare strategy today with us. #HealthcareInnovation #EmployeeBenefits #WisconsinBusiness

Germany, Switzerland and Japan and other Democratic capitalistic nations ensure access for ALL their citizens to quality affordable private insured and private fee for service manufactured medical care at a fraction of the cost of America’s insurance centric healthcare mess with better outcomes and costs than in America. They achieve this simply by making health insurers neutralized utilities instead of luxuries. It’s called the Bismarck HC model and it works. Read about it here; Health Care Systems - Four Basic Models  https://lnkd.in/evX8nur