Susan Harris

The weight management industry is booming, fueled by the rise of GLP-1 medications like Wegovy and Ozempic, which promise significant benefits. But the high costs and prevalent side effects of these drugs present real challenges for both employees and employers. Balancing effective weight management while controlling spiraling healthcare expenses is now a strategic imperative for employers, vendors and consultans. Discover strategies that offer holistic support to maximize wellness and productivity, reducing costs effectively. Thanks for these insights, Bill Snyder. #HealthcareInnovation #EmployeeWellness #GLP1

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🎉 It's Annuity Awareness Month! 📈 This month, we're shining a spotlight on annuities and their pivotal role in crafting a secure retirement landscape. Did you know that almost 90% of people value guaranteed lifetime income as critical for retirement? (Source: Insured Retirement Institute) Beyond offering market risk protection, annuities boast perks like tax deferral, positioning them as essential in many retirement plans. Let’s get the word out about the benefits of annuities and help others secure their financial future! 🗣️💰 #RetirementPlanning #Annuities #AnnuityAwarenessMonth #EquiTrust

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The Power of Captive Insurance Plans for Trucking Companies: Thin margins and unpredictable risks are the norm, and trucking companies are increasingly turning to Captive Insurance to address those challenges. Talk to Alera Group about a captive solution. https://ow.ly/mrbt30sFtLo

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Navigating state-mandated retirement plans can be complex, but understanding them is essential. As new legislation rolls out across various states, benefits brokers and small business clients must stay ahead. However, compliance can be a tough nut to crack. Partnering with a PEO simplifies this process, offering clients clear options, suitable retirement plans, and relief from the administrative load of compliance. Empower your clients with customized solutions that protect their business and offer competitive employee benefits. By partnering with a PEO, you ensure they meet regulatory requirements and attract and retain top talent with robust retirement plans. #PEO #401k

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As healthcare costs continue climbing 📈 , insurers are leaning harder into "gap-filler" products like critical illness and hospital indemnity insurance. These plans, designed to help workers manage major medical deductibles and co-pays, saw a 10% sales increase in the first half of 2024, totaling $2 billion. Critical illness premiums jumped 17%, while hospital indemnity policies climbed 12%, according to LIMRA data. Why the surge? More employers (37% for hospital indemnity) are offering these voluntary benefits, as flexible regulations and low-risk margins make them attractive to insurers. Players like Lincoln Financial Group Trust Co Inc and Prudential Financial are doubling down, with Lincoln reporting a twofold sales increase in workplace solutions over the past year. The trend underscores a growing reliance on these policies as workers navigate high-deductible plans. While they’re no replacement for comprehensive health coverage, they clearly fill a lucrative niche. #EmployeeBenefits #SupplementalInsurance #HealthcareCosts #CriticalIllness #HospitalIndemnity #VoluntaryBenefits

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HR Community! Great article by the American Heart Association. How employers can help move the workforce from burnout to belonging. Don't hesitate to DM if you need help with your Benefit Strategies. #Hr#Totalrewards#wellbeing Acentria Insurance Foundation Risk Partners

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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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Do you want to know where the future of health care is headed? We surveyed 388 employers across industries and business sizes for the best insights on the state of health care. Access the full CBIZ report here! https://okt.to/hbwj4Y #healthcare #healthcareinnovation #FutureOfHealthcare

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https://lnkd.in/eg3Uhvy9 Takeaway: Another example of why preventive care is so important: Cancer was the most reported condition driving up health care costs in 2024, followed by musculoskeletal and cardiovascular conditions. Some of the trend can be attributed to delayed access to care to cancer screening and other preventive services during the pandemic.

The Kaiser Family Foundation (KFF) released it's flagship benchmarking study this month. Spoiler alert - healthcare costs are continuing to climb at ridiculous rates and employees are continuing to get hit with a lot of the burden. Some snapshots ✅ - Family premiums increased by 7% in 2024, matching 2023 increases. ✅ - Single coverage premiums increased by 6%.  ✅ - Average annual contributions were $1,368 for single coverage. ✅ - Average annual contributions were $6,296 for family coverage.  ✅ - Average premiums for single coverage was $8,591. ✅ - Average premiums for family coverage was $25,572. ✅ - Average deductable for single coverage is $1,787 OVER THE LAST 5YRS FAMILY PREMIUMS HAVE INCREASED 24% DEDUCTABLES ARE 47% HIGHER THAN 10YRS AGO HOW LONG IS THIS SUSTAIABLE FOR BUSINESSES AND EMPLOYEES https://lnkd.in/eHKJ5SpZ #Healthcarecosts #EmployeeBenefits ##GroupHealthPlans

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