How Employee Benefit Captives Create Greater Control Through Shared Risk

Moving Beyond Traditional Approaches to Healthcare Risk Healthcare costs continue to create challenges for employers, even those with established benefits strategies and long-standing carrier relationships. Rising costs, high-cost claims, specialty medications, and market volatility have made annual renewal decisions increasingly complex. For many organizations, the conversation has shifted. The focus is no longer only on … Continued

Healthcare Funding Is Changing: Why Employers Are Exploring Captive Insurance Models

The Changing Nature of Healthcare Funding Employee benefits have long been an important part of attracting and retaining employees. Increasingly, however, healthcare has become a broader financial consideration for employers. Rising medical costs, specialty medications, high-cost claims, and ongoing market uncertainty have made healthcare expenses more difficult to predict. For many organizations, healthcare spend now … Continued

Is a Captive the Right Fit for Your Employee Benefits Strategy?

Evaluating a Different Approach to Healthcare Funding For many employers, healthcare costs have become one of the most complex and unpredictable financial pressures within their organization. What was once managed primarily as an HR function is now a central component of long-term financial planning, influencing budgeting, forecasting, and broader business strategy. Rising medical costs, specialty … Continued

Success Story: Controlling Costs Through Benefits Strategy

The Challenge The medical prescription spend for a western Pennsylvania university was spiraling out of control. The per employee per month (PEPM) drug cost for specialty medications accounted for nearly 50% of the total medical/Rx claim cost. In 2020, the university faced a high double-digit increase from their benefits provider with no programs to mitigate … Continued

ICHRA: An Rx for Medical Insurance

by Chris Shipley, Vice President, Employee Benefits   Today’s employees want more freedom to choose a benefits package-including medical- that meets their individual and family health and lifestyle needs. Employers, especially in today’s economy, desire programs that reduce costs, offer more control and predictability, and simplify administration. Bridging these seemingly opposite needs is a new … Continued

Expert Update, COVID-19

Over the past several months our team of experts from across our business units have been delivering thought leadership to clients. The Henderson Brothers Property & Casualty, Employee Benefits, and HB Retirement teams have been collaborating on this Expert Update – COVID 19 document which provides concise information relative to the impact of COVID-19 and … Continued

The EEOC Officially Removes Wellness Plan Incentive Rules

In late December 2017, the judge in the AARP vs. EEOC case ordered that the wellness plan incentive rules contained in the Equal Employment Opportunity Commission (EEOC) regulations to be vacated beginning January 1, 2019. The EEOC had an opportunity to draft new rules during the spring and summer of last year, yet we were … Continued