Francis Deppner

This #MentalHealthAwarenessMonth, prioritize your employees' well-being. Discover the essential factors for selecting the ideal benefits solution, ranging from crisis support to group therapy and other mental health offerings.

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Are you considering financing a layer of medical stop loss in a captive? Read this important information as you commence your journey. #hylant #globalcaptivesolutions #captives #medicalstoploss

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Commercial Property Insurance is increasingly expensive and hard to obtain. Find out why and what to do about it in this exclusive Alera Group report: https://ow.ly/ec3850TAc3L.

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Is your business grappling with rising healthcare costs? I can help with strategies and solutions because that is what I do. How can I help?

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💎 Benefits Gem #59 💎 Peer Ambassadors for Benefits Engagement HR can collaborate with Employee Resource Groups (ERGs) to recruit peer ambassadors who can bridge the gap between HR and employees. ERG members often have strong internal networks and can help amplify benefits communication in a way that feels authentic and approachable. Shout out to USI's #ImWithU Black ERG for hosting a webinar for Empowering Black Health & Wellness: Navigating Your Benefits for a Healthier Future. Here are some other creative gems how to increase engagement with Peer Ambassadors: 💎 Invite ERG members to represent their groups, ensuring a diverse mix of voices that resonate with different employee demographics. 💎 Equip ambassadors with key talking points, FAQs, and tools to confidently answer questions or direct employees to the right resources. 💎Promote visibility by highlighting ambassadors in emails, intranet pages, or kickoff events so employees know who they can approach for guidance. 💎Offer recognition, small stipends, or perks (like lunch with leadership) to ambassadors for their time and efforts. It's all in the storytelling to increase engagement! Why not have your employees share their stories with benefits?! Be of Good Courage. #EmployeeBenefits #HRLeadership #beneFITtreasures #benefitspeopleculture #TuesdayTips

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✔️✔️ Preparing for 2025: Proactive communication to Medicare-eligible employees about the 2025 prescription drug creditable coverages and their impact on employees’ ability to avoid Medicare late enrollment penalties. From the latest edition of #ComplianceDirections, leverage a sample communication to help employees understand the impact of their choices ➡️ https://lnkd.in/g4g-EgYb #ComplianceConsulting #EmployeeBenefits #Medicare

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💡 Our research found that the top priorities for healthcare organizations include: 💥 Building a greater sense of community within the organization to help address the root causes of employee burnout 💥 Offering flexible options that support mental health to increase employee satisfaction and enhance organizational strength 💥 Creating more opportunities for professional development and advancement to strengthen employee engagement 💥 Providing staff members with solutions for reducing daily financial stressors, such as emergency funds and student loan repayment, to help improve the financial health of the workforce If you're in Healthcare leadership/People Strategy, read the full report!

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As Fall approaches in the world of employee benefits, we are entering a period where way too many companies will kick the can down the road for another year, accepting an 8, 9, 10% and higher increase in premiums........This doesn't event account for claims costs, which is 70% or more of total costs.......but that's a story for another day. In many cases, the rationale will be things such as: "We were expecting much worse!" "Our broker told us they negotiated it down by almost 10%......We dodged a bullet." "It's a little higher than we'd like, but it's still within budget." "It was a bad claims year. We're hoping our claims will be better next year." Ineffective brokers have contributed to these lines of thinking and complacency, as have carriers waiting until the last minute to provide renewals to discourage companies exploring the market. Many companies do not realize that there is a world where early renewals can be delivered. The later your renewal comes in, the higher the propensity for it to be worse than it should. Don't settle for the status quo, being convinced that it "could have been much worse" thinking disaster was averted and on to next year with the hope of better results. Hope is not a strategy and the most powerful force in the universe is the compounding of interest. A 10% increase/year means your costs will go up 50% in 5 years and double in 10 years. What type of difficult decisions and sacrifices will need to be made to absorb a 50% and 100% increase in your company's healthcare costs??

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Confusion about benefits is a widespread issue among employees... As a result, it’s important to encourage employees to dedicate more time to the open enrollment process. This can help employees understand their benefits options and feel confident in their decisions. This infographic highlights five strategies to engage employees in open enrollment. 🤓 👍 #OpenEnrollment #EmployeeBenefits #InformedDecisions

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In the spirit of Halloween, join us for breakfast and a lively discussion on the latest strategies to manage healthcare expenses, and shield your company from cyber threats. - Tame the Terror of Rising Healthcare Costs: Explore the financial implications of GLP-1s and the complexities of international prescription sourcing. - Cybersecurity Frights Unmasked: Learn how to protect your organization from attacks that trick even the most cautious employees. - AI Nightmare: When used wisely, AI is a benevolent spirit guiding your business, but unchecked, it can become the Frankenstein of uncontrolled risks.

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Proud to share our latest article discussing the transformative impact of nurse triage programs on workers' comp claims management. Check it out to learn how early intervention is shaping the future of healthcare! #NurseTriage #WorkersComp #Healthcare #ExperiencetheBroadspireDifference #BetterWithBroadspire"

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Recent Wisconsin Health News published Wisconsin's health insurance market data. The findings indicate a strong performance among insurers in the region. Below, you'll find an overview of key players, their enrollment figures, and profit margins, providing a snapshot of the current landscape. Anthem Blue Cross Blue Shield of Wisconsin Enrollment: 478,245 Profit Margin: 13.5% Dean Health Plan Enrollment: 254,397 Profit Margin: 2.1% Group Health Cooperative of South-Central Wisconsin Enrollment: 73,285 Profit Margin: 2.9% Network Health Plan Enrollment: 90,831 Profit Margin: 8.3% Quartz (Unity) Enrollment: 252,063 Profit Margin: 0.8% UnitedHealthcare Enrollment: 1,122,375 Profit Margin: 6.6% Wisconsin Physicians Service Insurance Corp. Enrollment: 91,289 Profit Margin: 4.4% These data points indicate they can adapt and grow, and it will be interesting to observe their strategies moving forward and increases groups will face. #WisconsinInsurance #Healthcare #ProfitMargins #Enrollment #InsuranceIndustryInsights #physicians #medicine #practicemanagers

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U.S. Employers Face Rising Health Benefit Costs in 2025—What’s Driving the Increase? According to a recent Mercer report, U.S. employers expect health benefit costs to rise by 5.8% per employee in 2025, marking the third consecutive year of significant increases. For businesses that don’t implement cost-saving strategies, this figure could jump to 7%, with smaller employers potentially seeing a 9% hike. Key factors include: • A strained healthcare workforce, with a projected nurse shortfall of 450,000 by 2025. • Rising demand due to an aging population. • Health system consolidation, which has driven up prices by 5% from hospital mergers alone. • Increased utilization of GLP-1s for weight loss. 53% of employers are planning to cut costs by adjusting deductibles and cost-sharing, pushing more expenses onto employees. Balancing affordability for workers and sustainability for organizations will be a major challenge for HR leaders and CFOs in the coming years. Creative cost savings strategies that reduce the total cost of care and size, frequency, and severity of large claims are going to be paramount. Fortune #healthcare #employeebenefits #cfo #hr https://lnkd.in/eNWqKcrh

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✔️✔️ Preparing for 2025: Proactive communication to Medicare-eligible employees about the 2025 prescription drug creditable coverages and their impact on employees’ ability to voice Medicare late enrollment penalties. EVERY GROUP of all size needs to pay attention. From the latest edition of #ComplianceDirections, leverage a sample communication to help employees understand the impact of their choices ➡️ https://lnkd.in/g4g-EgYb #ComplianceConsulting #EmployeeBenefits #Medicare

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✔️✔️ Preparing for 2025: Proactive communication to Medicare-eligible employees about the 2025 prescription drug creditable coverages and their impact on employees’ ability to voice Medicare late enrollment penalties. EVERY GROUP of all size needs to pay attention. From the latest edition of #ComplianceDirections, leverage a sample communication to help employees understand the impact of their choices ➡️ https://lnkd.in/g4g-EgYb #ComplianceConsulting #EmployeeBenefits #Medicare

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✔️✔️ Preparing for 2025: Proactive communication to Medicare-eligible employees about the 2025 prescription drug creditable coverages and their impact on employees’ ability to voice Medicare late enrollment penalties. EVERY GROUP of all size needs to pay attention. From the latest edition of #ComplianceDirections, leverage a sample communication to help employees understand the impact of their choices ➡️ https://lnkd.in/g4g-EgYb #ComplianceConsulting #EmployeeBenefits #Medicare

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