Blog
Conflicts of interest in the health insurance industry: “Who watches the Watchmen?”
When people or companies are put into positions of power without oversight, what is to prevent them from taking advantage of the situation? That question is at the heart of a lawsuit between the School Board of Osceola County and Gallagher Benefit Services. “Who...
How CAA ups the ante for health plan sponsors
In business, we often look to eliminate or mitigate risk. Enterprise Risk Management has become an industry unto itself. When tackling these concerns, risks can be grouped into two categories involving those associated with: “Known” factors that we are aware of and...
CAA raises the bar on fiduciary governance for health plans
The employer-sponsored health plan system is broken. Over the past decade, costs have skyrocketed, and as a result, health benefits are the second largest line item on employer P&Ls. The only thing more expensive is employee compensation. And yet, in 2021, average...
Allowing Employees To Overpay For Health Benefits Is Risky
More than 60% of American employees are overinsuring their health. You might think, “Wait! I recently read that a large number of people are underinsured, not vice versa.” That is certainly a concern, but it’s not the only one. Being over-insured means when employees...
Why a ‘Tidal Wave’ of Fiduciary Lawsuits Are Coming Soon
Investing the time and energy in getting plans in compliance now will pay dividends in the coming years There was an “undersea earthquake” in the employee benefits world on December 27, 2021, and almost nobody noticed. The ground shifted as enormous changes to the...
Considering a review of your broker and their services? To DIY or not?
Whether you are running a Request for Information (RFI) or Request for Proposal (RFP) it is a robust process. As experienced search consultants for employee benefits and retirement plans, we know firsthand the commitment involved. Doing it yourself may seem like an...