Klamath Insurance Center, Inc Blog
Klamath Insurance Center, Inc Blog
Millennials and Generation Z seem to be branded as another type of species because the previous generations are now very different than these two groups. This generation is also believed to be in ‘woke culture’ wherein these youths are starting to break the norms and traditions.
While some of the results and changes are not ideal, there are still aspects that make this culture better. Millennials are leaning towards a healthier lifestyle with wiser purchases. Financially, this generation aims to save money, properties, and other belongings that may benefit them in the long run.
One of these in-demand items are cars. Millennials and Generation Z have this urge to get cars for a more comfortable drive whether it is for traveling, business, or work. If you are a business or a millennial that is curious about the automobiles that are in today, read on:
Most of you already know that the definition of insanity is repeating the same action over and over again, expecting a different result. For years in healthcare we have repeated the same actions expecting that somehow, we would achieve a different outcome. We all know that hasn’t happened! So as employers (small, medium and large) how can we change the narrative and get back in control of our healthcare spending and not be victims to yet another year of premium increases and/or reduced benefits for our employees?
This means approaching healthcare differently, for some employers a good option would be self-funding their benefit plan. This takes courage, but a self-funded plan managed by a third-party administrator allows the employer to keep the savings generated, instead of the savings/profits going to the insurance carrier’s bottom line. It also puts the employer in the driver seat when it comes to plan design and spending. Moving to a self-funded plan is a long-term commitment. There will be good years and bad years, but the employer can insure against catastrophic losses, and during other years the savings generated will provide employers with the opportunity to reduce employee premiums, enhance benefits or simply apply the savings to other areas of the business.
A self-funded plan allows participants to shop around and find quality providers who price their services below others in the industry. If we start rewarding prudent healthcare spending, rather than blindly assuming and accepting provider networks that are contracted by the insurance carrier; we can begin the process of changing the landscape of healthcare and move away from traditional models that reward quantity over quality.
Let’s say that you are all on board with innovation and change but not quite ready to pull the trigger on a self-funded plan. There could still be room for savings, without slashing benefits. Putting in place a high deductible health plan along with a Section 105 plan. Section 105 of the Internal Revenue Service (IRS) regulations allows for reimbursement of medical expenses under an employer-sponsored health plan. There are various types of Section 105 plans including: Health Reimbursement Arrangements, Medical Expense Reimbursement Plans, Accident and Health Plans, and more. Combining a high deductible health plan with a Section 105 plan can reduce premiums and maintain quality coverage for your employees.
Making changes that put the employer back in the driver seat, means that we won’t just sit around expecting premium increases year after year. We all know that a good benefit package attracts and retains talent, thus benefits should be implemented with the goal of improving benefit offerings while controlling and reducing the costs of healthcare. No more insanity! That is our battle cry.
Businesses now use Instagram to market its products and services. The platform has been the millennials and Generation Z’s concept of aesthetic and beauty. Enterprises can take advantage of Instagram’s tools as well as the daily users. Instagram is less personal than Facebook but more professional looking than Twitter. These social media giants will help the business profitability if done correctly.
Here are the guidelines on how to use Instagram effectively to create revenue for the business.
Life could be a little harsh at times from different incidences in your career, development, personal growth, family, and relationships. Most of the time, you will find yourself wondering about your real purpose and the things you can still do towards self-fulfillment.
If you are looking at how to stay grounded despite the things going through your life, here are some excellent activities you can try:
Setting up a home office requires planning and a lot of trial-and-error. If your goal is to be productive and retain productivity while working from home, then the secret to that is to have a comfortable place to work in. While you are making bold decisions in the planning stage, you must also consider maximizing your space and ensuring your comfortability.
Lemon is a citrus fruit that rich in Vitamin C and known to give benefits to the immune system. Aside from hydration, lemon-infused water has additional vitamins that help you have a stronger body.
Lemon water is known to be one of the most trending subjects in the medical field. In fact, many people are already switching to drinking lemon water because of its benefits. Celebrities and other personalities are also promoting drinking lemon-infused water, especially to those who are wanting to be fit and healthy.
Understanding your target market is crucial to your business as failure to do so, can make or break your product. It is necessary to know what your prospective clients think, so you know whom to craft your product plans and marketing strategies.
There is substantial diversity in the market today, so identifying the niche could be a little tasking to do. Despite, the investments you do for your market can have solid returns in the future that will make your business bloom.
Welcome to our new insurance agency blog!
This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you.
We hope you'll come to view this as a top resource for keeping your family and your finances safe.
Here are a few of the topics we may be writing about: