A lot.
How many times have you seen someone go through a major health event, with "good insurance" and had to pay a big chunk of money out of their own pocket. Then they still get more bills in the mail months (maybe even years) later.
Why?
Shouldn't insurance cover everything? Why even have it in the first place?
We believe that it all comes down to two things.
First, how your benefits get built matters. It directly impacts you and your team, not just with the monthly costs, but when you actually have to use the benefits.
Second, you take this extremely expensive and complicated thing, put it into a few pages of a PDF or website, then expect people to make a wise choice on what plan is best for their situation, to find the best care for the lowest cost, and to top it all off expect them to keep everything "in network".
Because they were built to
Help them find the best doctor for what they need
Give them help covering out of pocket costs when health events happen
Have a dis-appearing deductible
Make sure they could still pay their regular bills when a major health event happens
Not Only Is It POSSIBLE.
It's Being Done.
A lot.
How many times have you seen someone go through a major health event, with "good insurance" and had to pay a big chunk of money out of their own pocket. Then they still get more bills in the mail months (maybe even years) later.
Why?
Shouldn't insurance cover everything?
Why even have it in the first place?
We believe that it all comes down to two things.
First, how your benefits get built matters.
It directly impacts you and your team, not just with the monthly costs, but when you actually have to use the benefits.
Second, you take this extremely expensive and complicated thing, put it into a few pages of a PDF or website, then expect people to make a wise choice on what plan is best for their situation, to find the best care for the lowest cost, and to top it all off expect them to keep everything "in network".
Because they were built to
Help them find the best doctor for what they need
Give them help covering out of pocket costs when health events happen
Have a dis-appearing deductible
Make sure they could still pay their regular bills when a major health event happens
YOU DESERVE THE BEST...
THAT'S WHY OUR PROCESS IS DESIGNED WITH YOU IN MIND.
Stories & More
Retirement Plans Required?
SECURE 2.0 Act: Transforming Retirement Planning in America
You can read the key provisions by downloading our PDF here. In this blog post I'm going to be diving into the employer side of things a bit more, and I'll be adding in links for articles or videos I found most helpful.
The biggest things I've seen is that there is still a lot being left up to the individual states to decide. For example, some states already have a state level retirement that everyone is required to participate in. I found the map below and it's updated as of July 2023. (Click photo to visit their site.)
As you can see there are some who have already put mandated retirement plans in place, some have a law enacted, being proposed or studied, and few with no plan being considered. What does that mean for employers?
It means you'll want to follow this... The Federal side of things impacts what must happen when you put a new retirement plan in place starting 2024, the State side of things will be determined by where your state is in the process.
For Arizona, where my office is located, I found the Az Society of CPA's with a published article here. The author speaks briefly and to the point on the tax credits available for businesses, the changes to RMD's for employees, and points out some great questions around the law that have yet to be answered by the Federal Government.
My two cents, some states will be implementing these mandatory retirement plans, you will have to decide if you want to have your employees just participate in the state's or if you'll be setting up your own. We'll be keeping an eye on it for our state and updating this blog post as changes happen.
For further details and the complete text of the SECURE 2.0 Act, refer to the Consolidated Appropriations Act of 2023, a summarized version here, and a section-by-section breakdown available here. View the original SECURE Act here.
About Emily Evans
Emily has been in the benefits industry since Aug. 2011. Her journey started as an independent agent, but in 2019 she realized that her clients needed more from her.
She created her brokerage company Emily Evans Consulting LLC at that time. The struggles of seeing her clients get the short end of the stick time after time from the large insurance companies made her continue looking for a better solution.
In 2021 Emily banded together with a group of likeminded individuals to help start The Benefit Doctor. Our unique way of building, educating, enrolling, and servicing clients is continually reviewed to ensure the best partners for our clients.
About Emily Evans
Emily has been in the benefits industry since Aug. 2011. Her journey started as an independent agent, but in 2019 she realized that her clients needed more from her.
She created her brokerage company Emily Evans Consulting LLC at that time. The struggles of seeing her clients get the short end of the stick time after time from the large insurance companies made her continue looking for a better solution.
In 2021 Emily banded together with a group of likeminded individuals to help start The Benefit Doctor. Our unique way of building, educating, enrolling, and servicing clients is continually reviewed to ensure the best partners for our clients.
We service clients nationwide with our team of Benefit Doctors.
Emily specializes in the states of Arizona, Florida, and Texas. (All the places where her family lives. 😁)
Her focus is on clients from 10 employees up to 500 employees.
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