In 2021, 49% of adults in the United States with an income of less than $24,000 annually were “cost insecure” regarding healthcare affordability. Another 14% were considered “cost desperate.” Sixty percent of adults earning the same amount stated that healthcare costs contribute to their stress. It makes sense that healthcare benefits from employers remain attractive to prospective employees. However, […]

Rising medical costs are a top concern for employers, employees, and health plans. In response, cost containment in insurance steps up with programs, processes, and strategies designed to control or reduce healthcare spending without compromising care quality. Cost containment means offering employer groups and brokers a means of helping clients get the best value from […]

Regulatory Compliance Services for Insurance With how quickly the insurance and regulatory landscape can change, it’s no wonder that insurance brokers sometimes struggle to stay compliant. If you’re in the same boat, it may be time to seek extra compliance help. One option many businesses and brokers use is insurance compliance services. Partnering with a […]

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 […]

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 […]