All posts by Alison Simons

How Cyber Secure is Your Self Funded Plan?

Self-Funded Insurance plans are not immune from the many data breaches that have been occurring in the last several years. Not only has the number of breaches increased, but the level of sophistication used by hackers to steal date has also increased. Preventing a breach requires diligence but the alternative can be detrimental to an organization. Continue Reading >

Subrogation: What Is It & How Can It Lower Insurance Costs?

The insurance industry is saturated with complicated jargon that can be overwhelming to anyone buying insurance. However some of these complex terms found in your policy can save your city or town money. An increasingly popular term that is listed in nearly all self funded plans and stop loss insurance contracts is subrogation. So what is subrogation and how can it lower the cost of your insurance? Continue Reading >

Workplace Wellness Programs for Self-Funded Employers

Workplace Wellness Programs for Self-Funded Employers:  Effective program design to maximize  potential cost savings!  An increasingly popular means of reducing health care expenses for self-funded employers are workplace wellness programs.   Approximately half of U.S. employers utilize this cost management strategy.  In this article we will explore typical elements, ways to ensure success, and the potential cost savings of effective workplace wellness programs. Continue Reading >

The Affordable Care Act Impact on Self-Funding Plans

The Patient Protection and Affordable Care Act (PPACA), better known as Obamacare, set to take effect January 1, 2014, will make sweeping policy changes to America’s health care and insurance industries.  The self-funding niche of the health insurance market, where employers forgo premium payments and fund their own medical costs, was on track to survive relatively unscathed by the new taxes, requirements and restrictions created by the PPACA. However, self-funding and stop-loss insurance are increasingly attracting the attention of lawmakers.  As a result of increasing regulation, the sanctuary that has been dubbed the “self-insurance loophole” is shrinking. Continue Reading >