Medical reimbursement plans, also known as expense reimbursed insurance, often get a bad rap for being costly. However, like many industry misconceptions, the reality isn’t that simple. When properly leveraged, these plans offer strategic advantages that far outweigh their perceived costs. Let’s break it down. Understanding Medical Reimbursement Plans When discussing medical reimbursement plans, people […] The post Myth Busters: Are Medical Reimbursement Plans Too Expensive? appeared first on ArmadaCare ..read more

In today’s competitive job market, employers recognize that a large part of a company’s success and growth comes from an engaged, appreciated leadership team. But just like the age-old question of “What do you get the person who has everything?”, employers are looking for unique ways to enhance employee retention by implementing rewarding benefits for […] The post Cultivating Employee Retention Begins with Rewarding Top Talent appeared first on ArmadaCare ..read more

There’s no sugar-coating it, the competition to attract and retain top talent is scarier than ever. For job seekers, enhanced benefits for employees are at the top of their minds. Meanwhile, fears of losing top talent have led companies to prioritize benefits that fill coverage gaps in primary health plans, enhancing executive-level employee well-being. For […] The post Slash Executive Turnover with Expense Reimbursed Health Benefits for Employees appeared first on ArmadaCare ..read more

As post-summer routines settle into place, this time of year can often feel like a fresh start for more than just students and their parents – employers and brokers are also assessing employee benefit performance and needs. For many companies heading into open enrollment season, September is the ideal time to strategize on employee retention […] The post Achieve 3 Employee Retention Goals with 1 Solution: Supplemental Health Insurance appeared first on ArmadaCare ..read more

In today’s fast-paced business environment, executives often deal with excessive stress and demanding schedules, leaving them at risk for health issues they might overlook. Here’s how Executive Physicals can ensure these key players remain healthy year after year and why summer is the perfect time to start this new tradition. What is an Executive Physical? […] The post Why Summer Is an Ideal Time for Executive Physicals appeared first on ArmadaCare ..read more

As companies navigate one of the most competitive business landscapes in decades, employee health benefits continue to play a critical role in operational success. Today, HR warriors are feeling the pressure to do more with less when it comes to benefits. While protecting the bottom line is a top HR priority, so is nurturing workforce engagement and attracting and retaining top talent. This economic paradox has fueled the introduction of compensation packages enhanced with innovative supplemental health benefits that extend value beyond the paycheck. Health Benefits vs. Sign-On Bonus Your firs ..read more

It’s March—and you know what that means. The madness has begun. No, we’re not talking about March Madness basketball. We’re talking about the rush of tax season, especially for businesses when it comes to making sense of tax-efficient health insurance benefits.* So, how can you create a win-win for employers and employees this tax season? Here’s a closer look at how supplemental health insurance benefits can be a slam dunk, now and all year long. The advantages of supplemental health insurance benefits Not all benefits are created equal. Certain supplemental health insurance plans can layer ov ..read more

As employers and advisers start a new year, the focus shifts to understanding the evolving landscape of employee benefits. Navigating through the unknowns and making necessary adjustments requires a strategic approach with benefit flexibility. Investing in the right employee health benefits can drive better outcomes, for employees as well as for the business. To guide employers and advisers on navigating the new year, we’ve compiled 5 key 2024 employee benefit trends, as well as why they matter. Let’s dive in. 5 Employee Benefit Trends to Watch in 2024 Trend #1: Managing Cost-Sharing In the fa ..read more

With a new plan year just weeks away, many employers and advisers are bracing for change. Primary plan changes may help to manage health plan costs, but they can also affect recruitment and retention. This is because talent continues to prioritize benefits. In fact, research reveals that nine out of 10 employees would prefer quality healthcare benefits to a pay raise.1 In addition, as employees continue to consider the connection between work and well-being, more employers are considering or expanding benefits that support holistic health and well-being.2 Sure, employers have options when it c ..read more

It’s that time of year again: pumpkin-spice everything, scary costumes, fall color…and open enrollment just ahead. Employers must make final decisions about the benefit plans to offer talent next year. This is where expense reimbursed insurance plans come in. Though HDHP/HSAs have more employer uptake than ever, it’s essential to be proactive about the shortfalls and downsides of these employee benefit plans. Doing so can help employers reduce employee financial strain and retain talent. In this article, we will look at how adding on truly innovative expense reimbursed insurance plans can help ..read more