As the Managing Partner of your firm, you are responsible for the decision making when it comes to the firm’s medical insurance renewal. It is more likely than not, that medical insurance is your single biggest expenditure after payroll. So it’s all handled in an orderly and timely manner right? Does this scenario sound familiar? […]
Posts Tagged ‘benefit’
The Health Insurance Renewal Is Late Again!!! The timeline you need to get it right.
September 24th, 2012
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The four blunders that law firm partners make in buying health insurance. Are you guilty as charged?
August 7th, 2012
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When it comes to health insurance, and benefits in general, law firms frequently make crucial errors that result in significantly overpaying for their insurance policies. Although law firms must be generous to retain their best assets (their employees), these common four mistakes while looking like generous strategies, do not provide any benefit to the employees. […]
Goodyear Tire saved 6% on their benefit costs without a single plan change – Here’s how you can do it too
July 25th, 2011
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With health care costs continuing to rise at a pace that far exceeds inflation, firms are looking for additional ways to reduce benefit costs. One option is a dependent eligibility audit. This is a systematic approach to making sure that your health plan covers only those who are eligible. This can be a significant cost […]
Out of Network, Out of Line – What Happened Here?
May 26th, 2011
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Out of network, out of line – If you ever use out of network benefits on your medical plan, brace yourself for a huge shock when you get your bill.
Do contributions matter? Part II
August 2nd, 2010
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Do contributions matter? Part II How to lower health insurance costs by providing incentives. When advising firms on contribution strategies (how to share the cost of health insurance with employees) many firms are making a huge mistake. While nobly intended, the firms that pay 100% of health insurance premiums, for single and sometimes even for […]
Do Contributions Matter? PART I
December 14th, 2009
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As a law firm insurance advisor, we advise law firms on how to structure their benefit plans and their employee contributions towards those plans. As you can imagine, every firm has their own strategy on this unique to their firm culture (i.e. rich benefits vs. cheap benefits). We essentially help them make their benefits consistent […]
