Producers

Posted December 13th, 2012 in Producers

Just like a certain beloved movie from the ‘80s that used a DeLorean to take us to the future, we now have a vehicle that can be used today, in 2014 and well beyond – defined contribution health benefits.

Health insurance producers and consultants should educate their clients on the defined contribution benefits strategy now because this trend is not going away anytime soon. In fact, nearly 50% of employers “definitely or probably will” switch to defined contribution in 2013.

Posted November 27th, 2012 in Producers

Opportunity's always knocking. Just open the door.

If everyone knows that a bird in the hand is worth two in the bush, then why isn’t cross-selling a universal practice? Cross-selling is a great tool for client retention, as well as prospecting. Your clients and prospects may not be aware of the full portfolio of your offerings.

So, don’t think twice about reviewing all options during the renewal/enrollment process. This is your opportunity to suggest how they can enhance their benefits program. And yes, even if they feel satisfied with what they offer currently.

Posted November 6th, 2012 in Individuals, Employers, Producers

In their own words, politicians on either side of the fence agree that the middle-class is hurting.

“Middle-income families are being crushed.” – Mitt Romney

“The Middle Class has been buried.” – Joe Biden

A hot topic during the 2012 presidential election has been health care reform and the Affordable Care Act (ACA). American workers are paying more out of their pocket for health care expenses than ever before. No matter which party line you side on – everyone seems to agree that the financial burden carried by the middle class is disproportionate in one way or another.

Posted October 30th, 2012 in Producers

The Affordable Care Act may have some health insurance producers feeling anxious, but the proactive producer will stay educated and know every option out there to remain a key player in the distribution of health insurance. From timely topics such as Medicare, and trending topics like consumer driven health plans (CDHPs) and our own private insurance exchange, which was designed with the producer in mind – we are discussing what matters most to your future – right now!

Posted October 16th, 2012 in Producers

According to a recent release by the U.S. Department of Health & Human Services, the Affordable Care Act will save the average person with traditional Medicare $5,000 through 2022.

Yesterday, millions of people in the U.S. became eligible to shop, compare and reexamine those Medicare plans. This combination of having the opportunity to save a sizeable amount of money during this limited time has lead to the phenomenon commonly known as the “annual enrollment period” or the “open enrollment period”, which sends millions of employees, friends, and family members into a shopping frenzy (this year lasting from October 15 – December 7, 2012).

Posted October 3rd, 2012 in Individuals, Employers, Producers

Flexible Benefit Service Corporation (Flex) recently joined forces with various associations and insurance companies representing employers, producers and insurers to submit comments on the selection of Illinois’ state Essential Health Benefits (EHB) benchmark plan.

The purpose of the consolidated comments was to underscore the importance of affordability of coverage for individual consumers and small employers in Illinois. The target for this effort was the state’s Health Reform Implementation Council (HRIC) Workgroup, who was considering specific factors in choosing the EHB package. The benchmark plan will eventually determine the cost of future premiums and how broad coverage will be for Illinois consumers.

Posted September 26th, 2012 in Employers, Producers

No matter where you end up in life, you never forget where you came from. Flexible Benefit Service Corporation (Flex) was founded and is headquartered in Illinois. For more than 24 years, Illinois has been the foundation of our success. Now we want to pay it forward by helping other local businesses. Flex is now offering a way for the 136,000+ uninsured small businesses in Illinois to provide health benefits to employees. We call it the InsureXSolutions™ private health insurance exchange.

Posted September 18th, 2012 in Employers, Producers

You are a business owner, human resource or benefits professional, or even an insurance broker. You are trying to help run a business or assist another businesses needs. You do not have time to learn all the ins-and-outs of every employee benefits offering or business process that comes across your desk.

You do, however, want to make available an employee benefits package that engages and retains employees, while promoting wellness. And, you keep reading in the news about account-based health plans, namely flexible spending accounts (FSAs), becoming a staple in offerings across the nation – and rightfully so.

Posted September 11th, 2012 in Employers, Producers

InsureXSolutions is a game-changer for some employers!

The much anticipated private health insurance exchange from Flexible Benefit Service Corporation (Flex) has recently launched and it’s creating lots of excitement because of its unique features.

How is InsureXSolutions® unlike other private insurance exchanges?

  1. It promotes a defined contribution funding model for employers to truly manage and cap their costs. This is critically important for employers not currently offering group health insurance. They can now establish a fixed dollar amount for employees without having to worry about participation requirements or other unknown costs.

Posted September 4th, 2012 in Individuals, Employers, Producers

Marketplace recognition increases and enrollment grows - and it's about time!

We continue to see an increase in news, surveys and reports that consumer driven health plans (CDHPs) and tax-advantaged programs are growing in popularity and enabling more Americans to make better health care decisions. We strongly agree, but this is not new to us at Flexible Benefit Service Corporation (Flex).

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