Rick Dixon has been helping businesses navigate the confusing and expensive landscape of group health insurance since 1996. In his new book, “The 4 Actions A Small Business Owner Can Take To Lower Their Group Health Insurance Premium Next Month,”…
In my new book, The 4 Actions A Small Business Owner Can Take To Lower Their Group Health Insurance Premium Next Month, I explain why business owners overpay for their group health insurance. It’s because many times they don’t purchase…
Imagine this scenario: You switch your health insurance coverage to a new carrier. Premiums for the new plan are about the same or even less than you are paying now. Your employee’s co-payments, deductibles and doctor networks are comparable to…
The reason why it’s impossible to get control of the cost of healthcare is because there is no transparency in healthcare pricing. We as consumers literally have no idea in advance what we will ultimately be spending when we consume…
Utilize the tax advantages and premium discounts from a High Deductible Health Plan that is Health Savings Account (HSA) qualified. When you do the math, the health plan with an HSA always wins. Meaning, you will pay less in premiums…
Group health premiums are calculated on two main factors: The age of the group members. For larger groups, the overall health or claim experience of the group. So unless you can make your group younger or healthier, it’s difficult to…
The last innovation that actually offered business owners and employees a chance to reduce health insurance costs over the long term was in 2003 when Health Savings Accounts were introduced. If you haven’t been properly taking advantage of an H…
Most small business owners I talk to think that when they renew their small group health insurance, they are somehow obligated or locked in for one year. This is not the case at all. The one year agreement is on…
Some people I meet will trust me to the level of simply asking “what should I do.” They listen to my recommendations without suspicion and rely on my judgement. I always tell folks what I would do if I were…
Did you know that 60 percent of small business employees spend less than $1,500 a year on health care?2 And many times it’s for minor bumps and bruises or the occasional sick visit. And even still, since these are relatively…