How to reduce healthcare costs with a MERP
How to Reduce Healthcare Costs With a MERP Many families worry whenever they have to deal with medical conditions and associated medical expenses. In 2023, the annual medical cost for a family of four in the U.S. was $31,065. To provide relief from medical expenses, employers offer various forms of healthcare plans or benefits for their employees. […]
Leer másClient Retention and Acquisition Tips
Client Retention and Acquisition Tips Your customers are essential to your company and its bottom line. Producers must find ways to increase their client base and foster the relationships they already have. Taking steps to attract and retain consumers is vital to your business. Below, we explore ways to improve these efforts and the benefits […]
Leer másTailoring Health Insurance Benefits to Your Clients’ Needs
Tailoring Health Insurance Benefits to Your Clients’ Needs In recent years, the health insurance landscape has undergone a significant transformation, with customization emerging as a key differentiator for successful insurance brokers. The growing complexity of healthcare needs, rising costs and evolving employee expectations have created a demand for more personalized health insurance solutions. This comprehensive guide […]
Leer másSpotlight of the Month: Celebrating Difference Card Broker Partner, Jake Burns
We’re excited to recognize Jake Burns from USI Insurance Services as our Difference Card Broker Partner of the Month for October 2024! As the Practice Leader at USI’s Los Angeles office, Jake has been an influential leader in the employee benefits industry for over 15 years, consistently delivering innovative and cost-effective solutions to his clients. […]
Leer más2025 FSA Contribution Limits Announced
The IRS announced the new limits on October 22, 2024. Request a Proposal Highlights of changes coming in 2025: FSA Contributions: Contributions to a healthcare flexible spending account have increased $100 to $3,300 – up from $3,200 in 2024. FSA Carryover Amount: If the employer allows for carry-over, FSA participants can now carry over $660 […]
Leer másOctober Case Study: The Difference Card Helps Automobile Dealership to Improve Health Benefits and Save Over $400,000 Annually!
A car dealership company located in the suburbs of Los Angeles, Southern California, was facing rising healthcare costs for its employees. With over 250 employees and 229 of them enrolled in its health plan, the dealership was seeking a way to reduce its $2 million annual health insurance expenditure. At the time, the company was […]
Leer másFuture Trends in Health Benefits: The Growing Role of MERPs
Future Trends in Health Benefits Healthcare in the USA is becoming increasingly costly and complex for employers, employees and insurance companies. According to a 2023 report by KFF, the average annual premium for employer-sponsored family health coverage reached $23,968, marking a 7% increase from the previous year. As healthcare expenses continue rising, finding comprehensive cost-containment […]
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