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 …

Another Tool to Combat Rising Costs: the HSA

Let’s do our best to limit confusion. In our last post, we discussed the potential health care savings that can be realized through the use of a tool called an HRA, or Health Reimbursement Account. This post is dedicated to a similarly-named tool called a Health Savings Account, or HSA. …