Kristina L. Henderson’s Post

# Talha Shams- all about Health Insurance underwriting basics

🔍 Navigating Group Health Insurance Underwriting: Understanding the Basics: In the realm of employee benefits, Group Health Insurance plays a pivotal role in safeguarding the wellbeing of your workforce. Today, let's delve into the often-overlooked aspect of underwriting in this context. 🔎 What is Underwriting in Group Health Insurance? At its core, underwriting involves the meticulous evaluation of risk factors associated with providing health coverage to a group of individuals. Insurers assess various elements, including the company's demographics, medical history, and expected claims, to determine the appropriate premium rates. 💡 Key Factors Considered in Underwriting: 📊 Group Profile: The size, industry, location, and composition of your workforce contribute to risk assessment. ⚖️ Claims History: Previous health-related claims can influence underwriting decisions. 🔬 Medical Underwriting: Individual health conditions may be considered, though this is evolving with regulatory changes. 📆 Renewal Trends: Historical data helps anticipate future claims patterns. 📈 Balancing Act: Underwriting strives to strike a balance between ensuring affordable coverage for employees and maintaining a sustainable plan for the company. 🌐 The Role of Data: Accurate and up-to-date information is crucial for precise underwriting. Collaborating with experienced insurers can provide valuable insights into optimizing your plan. 🤝 Partnership Matters: Engaging with a skilled insurance partner can simplify the underwriting process. Their expertise helps navigate complexities and ensure compliance with regulations. 📚 Continuous Learning: Stay informed about evolving underwriting practices, market trends, and regulations to make informed decisions that benefit both your employees and your organization. #EmployeeBenefits #Underwriting #GroupHealthInsurance #WorkplaceWellness #RiskManagement

"The Future is Flexible" - our very own CEO and Co-founder, Stacy Edgar. In an era where career paths are becoming more dynamic, isn't it time our health insurance systems matched the same fluidity? Inspired by Reid Hoffman's "The Alliance: Managing Talent in the Network Age," we've delved into Health Insurance Portability and how it aligns with the changing landscape of modern employment in our latest blog. We explain: 🔄 The need for insurance to adapt, mirroring the dynamics of today's work world. 💼 How Venteur pioneers insurance portability, ensuring no disruption in health plans despite job transitions. 🤝 The importance of bridging the gap between the old-world system and the modern, workforce. With open enrollment on the horizon, it's crucial to consider health benefits that stand the test of evolving careers and lives. Our mission at Venteur is to champion a health insurance landscape that not only supports but thrives alongside the ever-changing career trajectories of the modern workforce. Discover how we're steering towards a future where health insurance is truly in sync with our professional and personal journeys: https://buff.ly/46iFz78 #healthinsurance #employeebenefits #openenrollment

Let's take a moment for some #realtalk. ✋ It's one thing to design an #innovative health insurance plan that saves companies hundreds of thousands, even #millions, of dollars annually. It's a totally different thing to implement said plan in a way that truly SERVES the end user: the patient/employee. I say this a lot, but innovation and #costsavings is nothing without #employee buy- in. Two things need to happen for "buy-in" from employees: 1. Employees need to be #engaged with in a convenient way that they find interesting enough to take advantage of free specialty drugs, free imaging, even free cancer programs (or whatever cost containment solution is in place). 2. The broker/consultant/advisor team needs to care enough to be relentless in their advocacy. Unfortunately, the norm for customer service is that most agencies don’t allow their service teams to call providers, help employees set appointments, help with filling out claim forms, etc. The expectation is often for the service team to do the bare minimum as quickly as possible so they could manage a larger book of business and the agency could keep salary costs down. This is not every agency, of course, but this mindset is largely represented. 😑 In order for true innovative #healthinsurance programs to work employees need to KNOW about these programs and the people they work with need to actually CARE that they have the best #healthcare experience possible. Huge shout out to the whole Ethos Benefits team and especially Mickie Parker for proving what real #advocacy looks like time and time again. I am so proud of the work you do and how you represent the agency values. Don't tell this girl "no", y'all! She is a force! 💪 #ethosbenefits #employeeengagement #employeebenefits

Who else is ready for a weekend to recharge? Granted I didn’t experience nearly the travels that Tim Leman Ryan Colvin or even Patrick Harpenau, GBA, CMS, CEBS do on a weekly basis, this was an action-filled week! Jam packed with client renewals, early morning workouts, a trip to #Toledo with Cheryl Lee & Chris Niezer - and even an ice cream 🍦 stop along the way - it’s been a busy week for us at Gibson. “Love what you do and you’ll never work a day in your life” - Marc Anthony We’re changing the game of health insurance all across the country. By putting employees first, we’re helping employers take back control of their #healthinsurance costs. We’re lowering premiums. We’re bettering plan designs. We’re removing barriers to care. We’re reducing the frequency and severity of claims. We’re allowing employees the opportunity to get care at world-renowned facilities… at no cost to them! Be a part of this paradigm shift of employers who are saying “Enough is enough” and adopting #PeopleFirstHealthPlans. It’s an incredible time to be a part of this movement and we’re only just getting started!

🌟 Exciting News for Businesses! 🌟 Are you looking to take control of your company's health insurance costs while providing top-notch coverage for your employees? 🏢💼 Look no further than SELF-FUNDING! 🚀💰 Self-funding empowers businesses to design tailored healthcare plans that fit their unique needs, ensuring cost-effectiveness and flexibility. 💪💼 By directly funding healthcare claims instead of paying fixed premiums, you gain greater transparency and control over expenses, which translates to substantial SAVINGS! 💰💸 But that's not all! With self-funding, you say goodbye to one-size-fits-all solutions, allowing you to offer personalized benefits to your valued team members. 🤝👥 The flexibility of self-funding ensures that you can adapt your coverage as your workforce evolves, fostering employee satisfaction and retention. 🌟😊 Worried about the risk? Fear not! Self-funding can be combined with stop-loss insurance, providing you with an extra layer of protection against large claims, giving you peace of mind as you navigate the healthcare landscape. 💼🛡️ By embracing self-funding, you become a champion of employee wellness, making their health a top priority while simultaneously controlling costs and enhancing your bottom line. 💪💼💵 Make the smart move and join the growing community of businesses that are thriving with self-funded health insurance. 🚀📈 Let's embark on this positive journey together! 💼🤝 #SelfFundingSuccess #EmployeeWellness #BusinessGrowth #HealthInsuranceSolutions #CostEffectiveCoverage 🌟🏆

Did you know that a Texas-based coffee company, with 300 employees, cut its annual health insurance cost from $7.2 million to $4.12 million in just two years? 🌟 How? Well, the answer lies in the transformative strategy I use. The initial annual health insurance cost was $7.2 million. Fast forward to year 2, and we achieved a staggering 41% savings, reducing the cost to $4.12 million. Now, the employer covers 80% of the new premiums, resulting in substantial savings and, more importantly, happier employees. Breaking it down, each employee now enjoys an extra $100 per month on their paycheck with full benefits. For the employer, there's an additional revenue stream of $1,100 per employee through FICA per month. The total output and revenue to the owner speak volumes: a health insurance saving of $4.14 million per year. This success story highlights the tangible impact of the Champ plan that I use, not just financially but on the lives of employees and their families. It's about creating a thriving, supportive workplace. How will your workplace go beyond just financial success? 🌟💼 #ChampSuccessStory #BusinessConsulting #HealthcareSavings #TransformativeImpact

#Navigating Life's Complexities with Guide2Care: A Holistic Approach to Well-being In the intricate web of modern life, individuals often find themselves facing a myriad of challenges that span across housing, public benefits, health insurance, and more. These issues, while distinct, are deeply interconnected, impacting one's overall well-being and quality of life. Recognizing this complexity, Guide2Care emerges as a beacon of hope and support, offering a comprehensive case management service that integrates housing, benefits, and health needs. This innovative approach not only simplifies the navigation through these systems but also underscores the importance and uniqueness of human care in fostering holistic well-being. #Holistic Case Management: The Core of Guide2Care At the heart of Guide2Care's mission is the understanding that addressing an individual's needs in isolation often falls short of providing real, lasting solutions. This recognition has propelled the development of our holistic case management services, which consider the full spectrum of an individual's circumstances and needs. By integrating assistance with public benefits, health insurance, and housing issues, Guide2Care ensures that no aspect of a person's well-being is overlooked. #Human Touch in a Digital Age In an era dominated by digital solutions and automated systems, the unique qualities of human care stand out more prominently. Guide2Care's commitment to maintaining a human-centric approach within its services highlights the irreplaceable value of empathy, understanding, and personalized support. This combination of professional expertise and genuine care creates a supportive environment that empowers individuals to overcome their challenges. #Guide2Care Difference: #Empowerment Through Integration What sets Guide2Care apart is its dedication to not just assisting with immediate needs but also empowering individuals to understand and manage their own situations better. Through education and personalized guidance, individuals are equipped with the knowledge and tools they need to make informed decisions about their health, housing, and benefits. #Beacon of Hope For many, realizing the need for help with public benefits, health insurance, housing, and other critical areas of life is a daunting moment filled with uncertainty. Guide2Care stands as a beacon of hope and support, offering a way forward that integrates all aspects of an individual's needs. Our holistic case management services not only simplify the journey through complex systems but also ensure that the warmth and unique qualities of human care remain at the forefront. In essence, Guide2Care represents a paradigm shift by bridging the gaps between housing, health, and benefits, and emphasizing the irreplaceable value of human connection, Guide2Care offers a comprehensive solution that addresses the complexities of modern life while championing the holistic well-being of every individual we serve.

🏠🔌🔧 Empowering Self-Employed Professionals! 💼 Attention to all self-employed professionals, including realtors, plumbers, electricians, and fellow stalwarts of the gig economy. The realm of 1099 employment demands you to steer the course of your health coverage, and that's precisely where I come in as your beacon of expertise. 🩺💼 As an accomplished independent health insurance advisor, I am well-versed in the intricate landscape of health insurance for the self-employed. I understand the unique challenges you face and the significance of tailored coverage that aligns with your dynamic lifestyle. 🌟 Embark on a Journey of Assurance: Allow me to extend my seasoned guidance to your health insurance quest. With my profound understanding of the industry and your specific needs, we can chart a course to a comprehensive and meticulously designed coverage plan. The pursuit of professional excellence should be met with the same level of dedication when it comes to safeguarding your health. Elevate your health coverage strategy by initiating a conversation with me. Let's ensure your well-being is fortified with a plan that resonates with your ambitions. Reach out today to inaugurate this transformative dialogue! 🩺🔍 #SelfEmployedHealth #CoverageMastery