Category Archive for : ‘Health Insurance’

Let me ask you a question; Are you the type of person who buys something at the first place you look, or are you the type of person who goes from store to store, determined to find the best deal possible? Perhaps you are somewhere in between these two extremes.  If all of the purchasing world were impulse buyers who didn’t do any kind of price comparison then there would be no competition.  You would have no knowledge about whether or not the price you paid was high, low or

It happens all the time.  People shop for insurance based on price alone, yet they research the best value before they buy many other commodities throughout the year.   As consumers people are always looking for the best deal. People don’t buy the junkiest car, shop at the worst grocery store, or sign up for a  cell phone plan with the worst reception coverage just because it has the cheapest price. They research these items before purchasing to get the best car, cell phone plan, etc. for the money. Buying the

Over the last several years the cost of healthcare has risen astronomically, especially in the state of Massachusetts.  Let’s talk strategy. If you’re a business owner, you owe it to yourself to take an honest moment in your day and think about where your organization is. Think about your employees, your company objectives, your industry and the overall marketplace. Include the local or national competition and emerging opportunities, are you comfortable? Do you think that you are heading in the right direction as a company in terms of what you

As spring slowly approaches here in New England, the cost of healthcare will still leave a wintry sting for many business owners. At FBinsure we have been spending the majority of our time proactively providing education to clients along with their employees about all of their healthcare benefit options and whether or not the overall changes are impacting them. So what will this spring bring for the majority of us? Well, for all of you business owners out there, make it a priority to have the proper communication strategies in place

Healthcare reform has been a topic of concern for business owners and individuals alike, the importance of knowing the upcoming changes can save you money, but more importantly being aware of the changes will alleviate a lot of potential compliance issues.  Working in the insurance industry handling employee benefits—I find myself talking to a lot of business owners and Human resource executives.  One prevalent concern, regardless of what industry people work in, is health insurance and the changes that are coming over the next few years.  Having answered many

Alright, let me say that this isn’t an article dedicated to making sure you and your spouse/significant other have an open flow of communication in your relationship.  This article is about communication in a different sense—benefits communication.  In the state of Massachusetts it is now a law that you must have health insurance, therefore most employers in this state now offer health insurance.  There exists a serious flaw in the mandatory system of employer sponsored health insurance.  The flaw is that most employees don’t actually understand their coverage!  Since the

Life insurance is a topic that is either overlooked or avoided—mainly because it brings to light the inevitable truth that everyone, regardless of age or gender, will pass away.  Granted some people will be prepared; while others will be shocked at the loss of their loved ones—one thing you can do to ease the financial impact that death brings, is to prepare in advance and think about life insurance.  While it is never an easy subject to bring about, the purchase of life insurance will allow your friends and family

Being a Health Insurance broker, I’ve had many conversations with employers and businesses about how they have been combating the rising tide of health insurance costs.  As customary, even more-so recently, I’ve noticed a common theme within each answer; “I pick a plan with a low premium because I’ve got to keep health insurance to keep my employees”.  While this strategy can be beneficial towards an employer’s bottom line—you could end up injuring your reputation as a great place to work, thus adversely affecting your business. What most companies have

Seeing as there has been a lot of talk recently about healthcare reform—I wanted to take some time to set the record straight and inform you all as to the changes that are fast-approaching in the health insurance market.  The state of Massachusetts has been the frontrunner with regards to healthcare provisions, but the new federal healthcare reform law will impact individuals and businesses in a big way.  Bear in mind that these changes will not take place immediately, nor will the changes be all at once—but being aware of

With healthcare comes great responsibility; from knowing your deductible, co-pays, co-insurance amounts to a multitude of other variables—who has the time to fully understand all of the other options that employers offer?  Today, I’m going to describe to you the fundamental differences between HSA’s (Health Savings Accounts), FSA’s (Flexible Spending Accounts), and HRA’s (Health Reimbursement Accounts). While their titles may all sound similar—each of the three have distinct features that are extremely important in understanding how they work, so that you don’t assume something that could end up costing you