Healthcare benefits are nonnegotiable for employers who want to attract and retain qualified employees in a competitive labor market. For a long time, traditional group health insurance was the primary option employers had for providing health benefits to employees. However, rising healthcare costs and other factors have necessitated alternatives, such as the Individual Coverage Health […]

A good health insurance plan can provide important assistance to your clients, but there are countless options available for businesses. What can you do to ensure you offer a personalized and impactful service that provides effective coverage and helps clients understand the common issues? If you’re a broker, creating a clear path for your clients […]

Though traditional employer-sponsored health insurance benefits can be complicated and costly, the Individual Coverage Health Reimbursement Arrangement offers a flexible alternative. It allows employers to provide personalized healthcare coverage without the limitations of traditional group plans. ICHRA adoption has steadily increased since these plans became available in 2020. Usage rose by 29% between 2023 and 2024, with […]

In 2024, the average annual premiums for employer-sponsored health insurance cost $8,951 for single coverage, a 6% rise from the previous year. For family coverage, this figure was $25,572, 7% higher than the previous year. This trend of rising medical costs looks set to continue into 2026. Considering these price increases, it’s not surprising that many employers […]

With rising healthcare costs, small business owners are looking to provide competitive health benefits while managing tight budgets. The Individual Coverage Health Reimbursement Arrangement (ICHRA) is one innovative solution gaining popularity for its flexibility and the cost control it affords to employers. This guide lays out the pros and cons of ICHRA solutions so you […]

Understanding the meaning of an HDHP lets you pitch the right plans to your clients. As a plan regulated by the Affordable Care Act (ACA), an HDHP has limits that can influence an employer’s decision. The plan offers benefits, such as lower monthly premiums and full coverage for preventive services. It also works with tax-advantaged accounts, like […]

Gap health insurance coverage helps members pay for out-of-pocket costs under a comprehensive health insurance plan, which is usually a high-deductible health plan (HDHP). It also offers a financial safety net for employees before primary coverage begins. That said, this supplementary insurance plan has limitations. This article explains what gap insurance is, how it works, and […]

If you’re an insurance broker, creating a unique benefits package for your clients allows you to tailor employee benefits that meet the specific needs and goals of a company and its workforce. Instead of offering a one-size-fits-all plan, you customize benefits aligned with company culture, values, and budget. This might include health insurance, retirement plans, wellness programs, and […]

In 2023, about 60% of people under 65 years old had employer-sponsored health insurance (ESI). However, even though ESI has been the largest source of health benefits for younger Americans, there is still uneven coverage that employers and brokers need to address. Through an individual coverage health reimbursement arrangement (ICHRA), employers can help provide more appropriate healthcare […]

When choosing health insurance plans to offer employees, employers need to balance sufficient healthcare with cost-efficiency. High and low deductible health plans can be beneficial if used in the right circumstances. Employers and insurance brokers can use this article as a guide in determining when to choose which option. What Is a High Deductible Health Plan (HDHP)? […]