by BBGAdmin | Apr 12, 2024 | Healthcare Costs, ICHRA, Insurance, Research, SharedFunding
Challenges An employer with 16 employees on their medical plan received a rate increase, this time for 7%. This increase did not seem overwhelming, but the group was not taken to market for 3 years, and the increases over that time were consistent. Solution BBG...
by BBGAdmin | Feb 19, 2024 | Announcements, Featured, Healthcare Costs, ICHRA, SharedFunding
Challenges A 37 eligible life employer with 25 employees on their plan recently experienced another medical insurance increase that pushed their rates to a tipping point, becoming unsustainable for the company. This escalation in costs was a concern for both...
by BBGAdmin | Jan 17, 2024 | Featured, Healthcare Costs, ICHRA, SharedFunding
Challenges Not all employers face out-of-control healthcare costs, but it can happen to any company relatively quickly. A 200 eligible life employer with 125 employees on the plan received a 20% medical insurance increase and were left with what seemed like no options...
by BBGAdmin | Dec 11, 2023 | Featured, Healthcare Costs, SharedFunding
Challenges A 100 eligible life employer with 70 employees on the plan received a 14% medical insurance increase and were left with what seemed like no options to curb costs. The group provided BBG with a simple census, and their renewal packet and we prepared a...
by BBGAdmin | Nov 13, 2023 | Featured, Healthcare Costs, ICHRA, SharedFunding
When launching any company-led initiative, having a solid foundation is essential. For employee benefits, it’s logical to turn to a company with a mastery of services and offerings that every employer has come to expect. BBG is the employee benefits broker you...
by BBGAdmin | Oct 16, 2023 | Featured, Healthcare Costs, ICHRA, Managed Care - Group Health, SharedFunding
In the complex world of group health plans, employers often find themselves navigating a web of requirements and pressures. One such requirement is the concept of minimum participation, which can pose significant challenges for businesses striving to provide...
