Are You Effectively Using Your HSA?

Everybody uses their health savings account (HSA) a little differently, and that’s OK. In fact, flexibility is one of the many advantages of an HSA. However, there are a few things you should keep in mind to make sure that you’re utilizing your HSA as efficiently as possible.   Be Smart …

The Power of Voluntary Benefits

As health care costs continue to rise, so has the value of voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Many employers consider expanding their voluntary benefits to compensate for employees’ increasing health care costs. Employees benefit because …

Student Loan Repayment Benefit: How It Works

“Move over 401(k) and health insurance plans, there’s a new company benefit tailored to the millennial workforce. The “Student Loan Repayment Benefit” is the name, and it is being offered by employers, who contribute a certain dollar amount per year toward paying off an employee’s student loans. So far, only …

Healthcare Consumers: Reference Based Pricing 101

 With healthcare costs continuing to rise, new “insurance programs” are coming to market with the intent of driving better consumer behavior. Some Employers are adopting reference based pricing which puts onus on the employee to do their due diligence before “buying” a service. As price transparency for “shop-able” services are …

5 Key Considerations to Drive the Success of Your HDHP

  High deductible health plans (HDHP) are becoming a popular health plan offering among employers nationwide. HDHPs can encourage employees to spend their health dollars wisely and can motivate them to take charge of their own health and wellness. To maximize the odds that your HDHP will be a success, avoid …

The Importance of Benchmarking

How Does Your Business Measure up? An attractive benefits program is vital for your recruiting and retention efforts, but it is also a significant expense. To ensure you are providing a package that is both competitive and economical, you need to know how your offerings compare to those of other …

Open Enrollment: Your Health Insurance Do-Over Opportunity

Benefits and wellness news to inform, empower and inspire… Creative Benefits, Inc. publishes The Pulse quarterly for the benefit of employees covered by health insurance through their employers. Our hope is that we make health insurance easier to understand so that employees can make the most of their health insurance …

3 Benefit Strategies That May Help to Control Health Insurance Costs

By: Macee Keelan Most employers have two overall goals when shopping for benefits. First, they want an appropriate level of coverage to protect employees. Second, they need coverage that they and their employees can afford. When healthcare costs are continually rising, achieving this balance is no easy feat. In response …

Customizing Disability and Life Insurance Plans: Higher Value for Better Outcomes

On the surface, disability and life insurance policies may seem more or less interchangeable, but a savvy benefits administrator knows how to adjust these products to make them better. When customized appropriately, disability and life insurance products are anything but cookie-cutter. Designing insurance policies can be compared to choosing options …