FormFire Blog

Archive for the ‘Industry’ Category

5 Health Insurance Trends for 2020

Changes in healthcare are prompting many Employers to rethink employee benefits like health insurance at their companies, and Brokers should take notice. According to PricewaterhouseCoopers, health insurance premiums are expected to rise by 6 percent in 2020. Below, we explored some of the top health insurance trends that may impact your clients. Increase Deductibles To Read More

How to Help Employees Make Informed Benefits Decisions

With open enrollment fresh in our minds, a little extra help with making health insurance decisions can go a long way. The Society for Human Resource Management (SHRM) reports that about half of employees want help when choosing a health plan, saying health insurance decisions are always “very stressful.” When it comes to decision-making, most Read More

Health Insurance Terms Explained: Helping Your Clients Understand Their Coverage

The healthcare industry, particularly the insurance aspect, can be challenging for the everyday person to understand. Even Brokers and insurance agents can have a hard time translating the industry jargon into laymen’s terms. According to a study by UnitedHealthcare, only 9 percent of Americans said they understand basic health insurance terms. As a Broker, one Read More

How Employers Can Fight Rising Healthcare Costs

If there’s one thing Employers can count on every year, it’s that their healthcare premiums will increase. Healthcare premiums, on average, have increased annually by about 4 percent over the past decade. In 2019, the average total cost of employer-provided health coverage increased to $20,576 for family plans, the Wall Street Journal reports, with Employers Read More

5 Benefits of Health Savings Accounts

As the cost of healthcare rises, health savings accounts (HSAs) have risen in popularity among Employers and their employees. According to the Society of Human Resource Management (SHRM), 56 percent of Employers offer HSAs as a benefit—a percentage that is expected to see rapid growth in the coming years. According to Devenir, HSAs have risen Read More