Employers Pay Brokers BIG BUCKS but Most Don’t Know It

“A broker can “power up” the bonus to $150,000 per employer group……Commissions of 3 to 6 percent of the total premium……could be about $50,000 a year on the premiums of a company with 100 people, payable for as long as the plan is in place. ……Commissions can be even higher, up to 40 or 50 percent of the premium, on supplemental plans that employers can buy to cover employees’ dental costs, cancer care or long-term hospitalization…………..Bonuses…..as much as $100,000 per group, and “there’s no limit to the number of bonuses you can earn.”

Health Care Service Corporation, which oversees Blue Cross Blue Shield plans serving 15 million members in five states, disclosed in its corporate filings that it spent $816 million on broker bonuses and commissions, about 3 percent of its revenue that year.

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What Ever Happened To Martinsville Hospital vs Glenn M. Dennis?

Reference Based Pricing Lawsuit Grabs National Attention

“Few of us, when confronted with the threat, ‘Your money or your life! ’ would, like Jack Benny, pause and respond, ‘I’m thinking, I’m thinking.’ Most of us would empty our wallets. Does that act of acquiescence demonstrate acceptance of an offer and create a contract?”

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Overcoming Misconceptions About Healthcare Benefits: Part 4

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Albert Einstein knew that the quality of a solution was directly related to a person’s ability to identify the problem they were trying to solve. He famously said, “If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and five minutes thinking about solutions.”

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The Maestronites

https://youtu.be/cS3yCZw5h3g

We are Maestronites, and our people are at the core of what we do.  We value an innovative approach, a drive to disrupt, an enthusiasm towards making a difference, and most importantly, a passion to make employee health & benefits “people-friendly” again.

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“Hoax” RFP

Former Amarillo Mayor, Fairly Group CEO file lawsuit against Amarillo ISD

“This suit does not seek to recover monetary damages from AISD. I am simply ‘raising my hand’ to shed light on a process I believe is flawed and unfair to Amarillo’s teachers and taxpayers.” – Alex Fairly

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RiskManagers.us is a specialty company in the benefits market that, while not an insurance company, works directly with health entities, medical providers, and businesses to identify and develop cost effective benefits packages, emphasizing transparency and fairness in direct reimbursement compensation methods.

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Risk Transfer On Steroids – Adverse Selection Can Be A Plan’s Sponsor’s Best Friend

By Bill Rusteberg

There appears to be a growing belief Plan Sponsors may be enabled to devise a plan of benefits that incorporate heretofore widely thought to be prohibited enticements to transfer high risk individuals off employer sponsored group plan coverage onto alternate plans such as individual health insurance coverage, Medicaid and Medicare.

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