Economics has more impact on insurance and the healthcare system than you’d expect. Everything from policy premiums to market adjustments stems from the economic conditions. Whether we’re in a recession or working with a new government administration, economics shift and directly impact our insurance market. In 2023, 92% of Americans had health insurance coverage. With so many […]

Being an insurance broker can be both rewarding and challenging. Market changes, regulations, technology and client expectations create obstacles for brokers to overcome. However, brokerage services ensure people and companies find the right insurance. With how complex insurance terms and policies can be, these services are crucial. For both new and experienced brokers, understanding the […]

Today’s healthcare insurance space offers opportunities for producers that stand out from the crowd. However, differentiating yourself in this competitive landscape requires crafting client-centric insurance models with a personalized customer experience. Employers want bespoke solutions to suit their needs and priorities, and their expected standards for customer service are rising. To attract and retain high-value […]

When an employee makes a claim on their healthcare plan for a qualified expense, they typically have out-of-pocket costs to cover. These costs could be a copayment, coinsurance or deductible. In some cases, this amount can be substantial and difficult to afford. The good news is that there are ways to reduce these costs, helping […]

Many employers offer a health savings account (HSA) as part of their benefits package, but what if yours does not? It can leave you without a valuable tool for managing healthcare costs and saving on taxes. So, can you have an independent HSA? The answer is yes, as long as you meet the eligibility requirements. […]

A hybrid High Deductible Health Plan (HDHP) is typically paired with a Health Reimbursement Arrangement (HRA) or a Health Savings Account (HSA). It offers cost-saving and tax advantage benefits that can make healthcare more accessible to a broader demographic than traditional healthcare plans or a straight HDHP. What Is a Hybrid High Deductible Health Plan? […]

As healthcare prices continue to increase, employers need to find ways to lower these costs. A Medical Expense Reimbursement Plan (MERP) is a strategic tool companies use to help employees manage their out-of-pocket healthcare costs. MERP products are flexible and tax-advantaged, well-suited to small and large businesses and beneficial to both parties. By understanding the […]

Organizations have realized the competitive advantage of hiring diverse teams to optimize growth. As such, they must find ways to manage the different needs of their workforce. Allowing workers to tailor their healthcare with flexible benefits is one effective approach. Our guide explores flexible benefit plans and how they can help employers, workers and brokers save on […]

If you’re a broker, reducing costs like insurance premiums and deductibles can help you provide value to clients. Fortunately, you can achieve that through insurance cost management. This guide discusses the concept, including the benefits and the role of brokers. You will also learn common strategies, best practices and how The Difference Card helps. What […]

Every client you encounter will have a unique set of needs and requirements. While your goal may be to provide a similar service to all clients, it’s vital to tailor your offerings and approach to each client’s specific needs. However, clients sometimes struggle to express their needs or understand them fully. You may need to […]