Coffee with Christian

#059 - 3 Tips to Make Your Next Open Enrollment More Efficient, Educational, and Effective

Fri, 08 Sep 2023 18:30:15 -0000

Open enrollment is typically a confusing, stressful time for BOTH the employer and the employee. 🤦🏻‍♂️

Use these 3 tips to make your next open enrollment more efficient, educational, and effective 🕙

To learn more about how Ben X can help you control healthcare spend and streamline your employee benefits process, visit benxconsulting.com or each out to me personally at christian@benxconsulting.com

#058 - Virtual Primary Care

Fri, 01 Sep 2023 09:00:00 -0000

What is virtual primary care? Isn’t it the same as telemedicine? NOPE 🙅🏻‍♂️

Virtual primary care is a form of primary care that uses technology to give patients “face time” with their primary care provider.

This gives members/employees the continuity of care needed to improve the patient experience. (Because they’re seeing the same provider instead of multiple different ones)

About 40% of large employers will plan to offer or offer Virtual Primary Care in 2023

#057 - Are HSAs the Right Fit for Your Company?

Thu, 31 Aug 2023 15:19:22 -0000

Are HSAs a good fit for my company? Should my company offer HSA type plans?

The answer - IT DEPENDS

It certain situations, HSAs are good fits for certain employees (as long as the education and communication is CORRECT) 🙂

In other situations, HSAs are a financial burden. 🫤

Because HSAs have to be paired with a HDHP (high deductible health plan), employees could potentially be left “high and dry” and delay medical care.

For more explanation, send me a message and we can chat.

#056 - The Post Renewal Call

Thu, 31 Aug 2023 15:16:41 -0000

Want a less stressful/more proactive open enrollment next year?

Introducing the POST renewal call ☎️

#055 - High Quality Doctors, Specialists + Hospitals

Thu, 31 Aug 2023 15:14:41 -0000

Do you want your employees to go to high QUALITY doctors, specialists, hospitals, etc?

Would you want to see a surgeon with a 92% quality score or a 26%? 👀

New programs and technologies allow us to “look under the hood” and see the caliber of healthcare your employees are receiving 🏥

Listen for the 3rd question you should ask your benefits broker in the next meeting!

#054 - How to Make Open Enrollment Less Stressful

Thu, 31 Aug 2023 15:12:46 -0000

Is Open Enrollment typically a stressful time for you?

If you’re like most employers, the answer is ABSOLUTELY. 🤦🏻‍♂️

So, here’s a question to ask your benefits broker to help change the narrative.

#053 - Questions You Need to Ask Your Benefits Broker in Your Next Meeting

Fri, 28 Jul 2023 20:48:26 -0000

Today kicks off a short, 3 part series titled “Questions you need to ask your benefits broker in your next meeting”

#052 - The Cons of Your Employee Benefit Decisions

Fri, 28 Jul 2023 13:10:14 -0000

As an employer, do you understand the CONS of your employee benefit decisions?

Or the CONS of not taking action? 👀

Next time you change networks, implement a new funding strategy, add new benefits, etc., make sure to assess the cons as well as the pros ➕

#051 - Improving Your Benefits Program Through Incremental Positive Change

Fri, 28 Jul 2023 13:09:34 -0000

Today’s episode is about INCREMENTAL change.

1-2 positive changes each year to your employee benefits program makes a huge difference over 3-5 years 🤝

#050 - Why It’s So Important to Have the Right Health Insurance/Programs for Your Company

Fri, 28 Jul 2023 13:08:18 -0000

Wanted to take a moment to say THANK YOU for all the support in the last 50 episodes. It’s hard to believe it’s been this many.

My goal with these videos has always been to simplify health insurance/employee benefits and help employers realize there are BETTER ways/options to lower cost and allow employees to access higher quality healthcare ⛑️

Today’s video talks about WHY it’s so important to have the right health insurance/programs for your company 🏥

Here’s to the next 50 more 🥂

#049 - How Employers With Over 100 Employees Can Save Money and Get Higher Quality Healthcare

Fri, 28 Jul 2023 13:06:52 -0000

If you’re an employer with over 100 employees, what are you proactively doing to reduce health insurance costs WHILE ensuring your employee see high QUALITY providers?

(Hint, shopping “carriers” is not a strategy)

Here is one actual strategy.

#048 - A Challenge for Employers of All Sizes

Fri, 28 Jul 2023 13:05:59 -0000

Todays episode is a CHALLENGE for employers of all sizes 👀

#047 - How to Manage Pharmaceutical Spend for Your Employees and Organization

Fri, 28 Jul 2023 13:02:33 -0000

The median launch price of a new drug in 2021 was $180,000 😳

Here’s 2 tips on how to manage that cost for your employees and organization 💊

#046 - How to Create an Effective Employee Benefits Survey

Fri, 28 Jul 2023 13:01:31 -0000

Curious about how to create an EFFECTIVE employee benefits survey? 📝

Listen to this episode for 3 quick tips

#045 - Network Discounts (And Something Most Employers Get Wrong)

Fri, 28 Jul 2023 12:59:29 -0000

⏰⏰ If you're a large employer & self funded, this episode is for YOU

Today we're talking about network discounts 👀 and something MOST employers get wrong.

#044 - Voluntary Benefits

Fri, 28 Jul 2023 12:49:57 -0000

Today's episode is about Voluntary Benefits 🦷👁

Tip of the Week - Invest heavily into the top 2-3 benefits your employee population wants/needs the MOST & then supplement the benefit package with voluntary (employee paid) benefits

#043 - Direct Primary Care

Fri, 28 Jul 2023 12:49:03 -0000

Today's episode is about a new model called Direct Primary Care 👨‍⚕️👩‍⚕️

Find out below if you should take a look at this new employee benefit 👀

#042 - The Need for Behavior Change When It Comes to Healthcare & Health Insurance

Fri, 28 Jul 2023 12:48:25 -0000

This week’s message is about the need for behavior change in employers and employees when it comes to healthcare & health insurance 🏥⛑️

#041 - Employers Options When It Comes to Controlling Risk and Impacting Employees

Fri, 28 Jul 2023 12:47:49 -0000

This week I have one message for employers of ALL sizes 👀

Employers in 2023 have more options than ever when it comes to controlling risk and impacting employees 🧍‍♀️🧍

#040 - Fee & Commission Transparency Within the Benefit Industry

Fri, 28 Jul 2023 12:46:46 -0000

This video talks all about fee & commission transparency within the benefit industry 👀

As of Janauary 1, 2022, benefit brokers/consultants are required to disclose ALL of their commission/fees. 💵

#039 - Something All Employers Should Know

Fri, 28 Jul 2023 12:46:02 -0000

This episode is only 1 minute long but it’s something ALL employers should realize.

#038 - Becoming Proactive With Your Employee Benefits Process

Fri, 28 Jul 2023 12:45:19 -0000

This episode is all about becoming PROACTIVE with your employee benefits process.

“Insanity is doing the same thing over and over and expecting different results” - Christian Mosier

(Actually Albert Einstein said that, but we can all pretend)

#037 - The Inverse Relationship Between Cost and Quality in Healthcare

Fri, 28 Jul 2023 12:44:26 -0000

Today we’re talking about the INVERSE relationship between cost and quality in healthcare 🥼🩺

If you’re an employer, are you looking into data to determine the best quality and value providers/facilities for your employees?

#036 - Patient/Employee Advocacy

Thu, 27 Jul 2023 22:12:50 -0000

Today we’re talking about something that doesn’t get talked about enough 👀 Patient/Employee Advocacy

While cost plays an important factor in health insurance, we must take the member/employee experience into consideration. Are we guiding employees to high value high quality providers? Are we eliminating financial burdens for employees or creating them?

#035 - The Best Time to “Shop” Your Company’s Health Insurance

Thu, 27 Jul 2023 22:11:34 -0000

If you’re a CEO, CFO, HR Director, or Entrepreneur, and you only listen to 1 of my videos, listen to this one 👇🏼👇🏼

Today we’re talking about the BEST time (typically) to “shop” your company’s health insurance or switch to a self funded/level funded program.

#034 - Silicon Valley Bank’s Collapse and How It Relates to Employee Benefits

Thu, 27 Jul 2023 22:10:43 -0000

Today we’re discussing Silicon Valley Bank’s collapse as it relates to employee benefits 💵

#033 - Self-Funding is the Vehicle, Not the Destination

Thu, 27 Jul 2023 22:10:09 -0000

Today we’re talking about how self-funding is the vehicle, not the destination 🚗

For further explanation, feel free to email me at christian@benxconsulting.com

#032 - Creating an Employee Benefits Package for 2023 (Part 3)

Thu, 27 Jul 2023 22:09:28 -0000

Today wraps up the 3 part series titled, “Creating an employee benefits package for 2️⃣0️⃣2️⃣3️⃣

This series is specifically targeted for small business owners with less than 50 employees. 📍

4 Tips

1. Analyze employee demographics & trends annually 📝

2. Calculate desired benefit budget 💵

3. Consider “non traditional” benefits 🧠

4. Community effectively ☎️

#031 - Creating an Employee Benefits Package for 2023 (Part 2)

Thu, 27 Jul 2023 22:08:46 -0000

Today is the 2nd part of a 3-part series titled, “Creating an employee benefits package for 2023”

This series is specifically targeted for small business owners with less than 50 employees. 📍

2nd step: calculate benefit budget & consider non-traditional benefits 👟

#030 - Creating an Employee Benefits Package for 2023 (Part 1)

Thu, 27 Jul 2023 22:08:07 -0000

Today starts ANOTHER 3-part series titled, “Creating an employee benefits package for 2023”

This series is specifically targeted for small business owners with less than 50 employees. 📍

1st step - Research/analyze current trends & employee demographics annually 🔬

#029 - How to Improve Your Company’s Benefit Program (Part 3)

Thu, 27 Jul 2023 22:07:36 -0000

Today ends the 3 part series, “How to improve your company’s benefit program today” 📈

Statistic of the week: Benefits account for approximately 29.6% of the average cost per private industry employee - U.S. Bureau of Labor Statistics. 💰

#028 - How to Improve Your Company’s Benefit Program (Part 2)

Thu, 27 Jul 2023 22:06:50 -0000

Today is the 2nd part of a 3-part series titled "How to improve your company’s benefit program today" ‼

Statistic of the week: According to hire rate data from the U.S. Bureau of Labor Statistics, you may have 1 in every 2 employees experiencing open enrollment with you for the first time.

#027 - How to Improve Your Company’s Benefit Program (Part 1)

Thu, 27 Jul 2023 22:06:01 -0000

Today starts a 3-part series of how to improve your company’s benefit program today ↗️

Statistic of the week: According to MetLife, over 75% of millennials declare that benefits customization is important to increasing loyalty to their employer 📈

#026 - What Is a Dependent Care FSA & How Could It Benefit Your Company

Thu, 27 Jul 2023 22:05:13 -0000

Today we're talking the Dependent Care FSA & how it could benefit your company 👨‍👩‍👦‍👦

Statistic of the week: According to SHRM, approximately 67% of companies offer a Dependent Care FSA.

#025 - 5 Ways You Can Position Professional Development as a Benefit

Thu, 27 Jul 2023 22:04:40 -0000

Today we're talking 5 ways you can position Professional Development as a benefit 👔

Statistic of the week: According to LinkedIn's Workplace Learning Report, 94% of employees would stay at a company longer if the organization invested in their career 👨‍💼👩‍💼

#024 - The Difference Between HSAs, FSAs, and HRAs

Thu, 27 Jul 2023 22:03:07 -0000

Today we're talking about a couple differences between a Health Reimbursement Account (HRA), Flexible Spending Account (FSA), and Health Savings Account (HSA) 💰💰

Statistic of the week: As of January 2022, there’s over $100 billion saved in over 33 million HSAs - Devenir

#023 - How to Help Your Employees Feel More Comfortable Taking PTO

Thu, 27 Jul 2023 22:02:25 -0000

Today we're talking about 3 ways to make your employees feel more comfortable taking PTO 🏖️

Statistic of the week: 32% of employees feel pressured not to use PTO

#022 - The Correlation Between Employee Benefits and Employee Turnover

Thu, 27 Jul 2023 22:01:50 -0000

Today we're talking about the correlation between employee benefits and employee turnover. 🧍

Statistic of the week: 78% of employees said they are more likely to stay with their employer because of their benefit program.

#021 - How Vision Insurance Works

Thu, 27 Jul 2023 22:01:00 -0000

Today we're talking about how Vision Insurance works. 👀

Statistic of the week: 84% of people rate vision as the most important sense, and nearly everyone (97%) agrees that having healthy eyes is important, but only half of people get annual eye exams - VSP

#020 - How Dental Insurance Works

Thu, 27 Jul 2023 22:00:08 -0000

Today we're talking about how Dental Insurance works. 🦷

Statistic of the week: Those without dental insurance are twice as likely to be unhappy with their teeth as those who are insured. -ValuePenguin

#019 - How to Make Your Wellness Program More Effective

Thu, 27 Jul 2023 21:59:20 -0000

Today we're talking about 3 tips to make your wellness program more effective 🏃‍♂️

Statistic of the week: An American Psychological Association (APA) study found that workplace wellness programs with senior leadership support yielded positive employee outcomes.

#018 - Should Companies Offer Mental Health PTO Days?

Thu, 27 Jul 2023 21:58:46 -0000

Today we're talking about if companies should offer Mental Health PTO Days ❓

Statistic of the week: In a American Psychological Association survey, a vast majority (87%) of employees think actions from their employer would help their mental health

#017 - 1 Pro and 1 Con of Level Funding

Thu, 27 Jul 2023 21:57:57 -0000

Today, we're talking about 1 pro and 1 con of level funding.

Obviously, there are a few different pros & cons to this funding arrangement, so feel free to checkout this article for additional information on fully insured vs level funding. https://lnkd.in/ea5RX6Gq

#016 - Understanding the Benefits of Voluntary Benefits

Thu, 27 Jul 2023 21:57:31 -0000

Today we’re talking about the benefits of voluntary benefits 📣

For more info on this topic, here’s a link to an article I wrote. https://lnkd.in/eEP536xw

#015 - How to Make Open Enrollment More Effective

Thu, 27 Jul 2023 21:56:08 -0000

Today we’re going over 2 tips to make open enrollment more effective 📖

#014 - Benefit Basics: Deductibles, Co-Insurance, and Max Out of Pocket

Thu, 27 Jul 2023 21:55:10 -0000

I read a recent study that showed 77% of people can’t define the term Co-Insurance 😳

So this week we’re throwing it back to the basics and talking the 3 most common terms in Health Insurance:

- Deductible

- Co-Insurance

- Maximum out of Pocket

https://www.forbes.com/advisor/health-insurance/confused-by-health-insurance-terms/

#013 - The Pros and Cons of Flexible Spending Accounts

Thu, 27 Jul 2023 21:54:23 -0000

Today we’re talking all about Flexible Spending Accounts (FSAs)

#012 - The “Non-Traditional” Benefit Employees Want to See (And What to Do Instead)

Thu, 27 Jul 2023 21:53:41 -0000

Today we’re talking about the 1 “non-traditional” benefit employees want to see (and what to do instead)

#011 - The Importance of Quality Benefits Technology

Thu, 27 Jul 2023 21:52:56 -0000

Today we’re talking about 3 reasons to use benefits technology (or expand it)

#010 - 3 Quick Tips to Make Open Enrollment as Smooth as Possible

Thu, 27 Jul 2023 21:52:33 -0000

Today we’re standing up and talking about 3 quick tips to make Open Enrollment as smooth as possible ⛑

If you don’t want boring benefits, call me 📞

#009 - Mental Health at Work

Thu, 27 Jul 2023 21:51:40 -0000

Today we’re talking about 2 tips to improve your workplace’s mental health. 🧠

https://www.mindsharepartners.org/mentalhealthatworkreport-2021

#008 - 2 Advantages of a Health Savings Account

Thu, 27 Jul 2023 21:51:15 -0000

Today we’re talking about 2 benefits of a Health Savings Account aka HSA 💵

#007 - Do Wellness Programs Actually Work?

Thu, 27 Jul 2023 21:50:35 -0000

Today we’re talking about if wellness programs actually work 👀

Tune in and tune UP 🔥

#006 - 3 Easy Ways to Make Your Company’s Benefits More Attractive

Thu, 27 Jul 2023 21:50:06 -0000

Today we’re talking about 3 easy ways to make your company’s benefits more attractive 🔥

#005 - A 4-Step Guide to Creating a Healthier Workplace

Thu, 27 Jul 2023 21:48:59 -0000

Today we’re talking about the "4-Step Guide" to creating a Healthier Workplace 👨‍⚕️

Hope everyone has a great Memorial Day Weekend 🎇

#004 - Is The 4-Day Workweek Realistic?

Thu, 27 Jul 2023 21:48:24 -0000

Today we’re talking about the 4-Day Workweek 👀

If you’re a HR Director, Business Owner, or Entrepreneur, this is for you ✔️

#003 - Student Loan Repayment Programs

Thu, 27 Jul 2023 21:47:01 -0000

Today we’re talking about Employer-sponsored student loan repayment programs. Some statistics may surprise you 👀

If you’re a HR Director, Business Owner, or Entrepreneur, this is for you ✔️

#002 - The Top 3 Non-Insurance Benefits Employees Want to See

Thu, 27 Jul 2023 21:46:49 -0000

Today we’re talking about the TOP 3 Non-Insurance benefits employees want to see 👀

If you’re a HR Director, Business Owner, or Entrepreneur, this is for you ✔️

#001 - Low Cost Ways to Boost Employee Engagement

Thu, 27 Jul 2023 21:45:51 -0000

Welcome to the 1st episode of Christian’s Corner!!!

Every other Friday, you’ll see a 2 min video from me to discuss trends/updates in the Employee Benefits world.

If you’re a HR Director, Business Owner, or Entrepreneur, this is for you ✔️