How to evaluate small business insurance plans in 2020

Transcript: Hello I'm Kevin hunter author and publisher of the 13 car buying mistakes posted on YouTube to help car buyers avoid common car buying mistakes here are my top 10 tips on getting the best auto insurance rates number 1 don't assume any one company is the cheapest some companies spend a lot of money on commercials trying to convince you that they offer the lowest car insurance rate you've likely heard them all the truth is that prices people pay for the same coverage at the same company vary widely and no single company can claim to be the low price leader the insurance company that's cheapest for one person in one place might be the most expensive option for a different driver in another state some insurance companies also have developed complex predictive models that may charge you higher rates if they show that you're unlikely to switch providers this might sound unethical but this practice is called price optimization and while it's banned in 16 states that leaves 34 states who engage in the practice there's quite a bit of savings at stake a recent analysis found a difference of eight hundred and fifty nine dollars a... See more →

Key quotes:

• "A broken system that leaves millions behind while costs keep going up and insurance companies keep sucking billions of dollars in profits out of the system — or, for about the same amount of money, a new system that drives down overall health costs and, on average, relieves the typical middle class family of $12,400 in insurance premiums and other related health care costs."
• "Every candidate who opposes my long-term goal of Medicare for All should put forward their own plan to cover everyone, without costing the country anything more in health care spending, and while putting $11 trillion back in the pockets of the American people by eliminating premiums and virtually eliminating out-of-pocket costs."

Key quotes:

• "In this article, you’ll discover effective steps you can take that will help your business thrive in the midst of difficult times."
• "And I don’t blame them, it’s really tough.” If you want your business to succeed, you need mental toughness."
• "If you don’t have clarity on the specific challenge you’re facing, you won’t know what steps to take to save your business."
• "But if you want your business to thrive during challenging times, you need to be able to put your finger on the primary problems."
• "Your goal is to change or eliminate these things so that they don’t continue to damage your business."
• "It’s not enough to say, “I want to increase my profit margin.” You need to determine the specific steps you’ll take to make that happen."

Transcript: A loophole in some insurance policies is leaving small business owners in a bind that includes a Milwaukee woman who thought she was protected against unexpected shutdown the lifeline they've literally have what we need to be able to survive and it's a lifeline that we paid for and they're not doing anything Marla pointer is the owner of two axe-throwing bars along with a painting studio and an indoor mini golf course she closed her businesses Monday following orders from the government to help stop the spread of coronavirus she pays for something called business interruption insurance to cover the cost if her business has to shut down let's look at what the intent of the policy is let's look at what both sides agree is necessary and would be covered and you know not worry so much about what's happened in the past she says her claim was denied because the policy did not specifically say it would cover the loss of income due to a pandemic small businesses across the country are struggling to get insurance companies to pay up in New Jersey lawmakers are considering a bill that would force them to pay out claims connected... See more →

Key quotes:

• "Part of this employee experience is hiring: The Grand Canyon between candidates and companies exists when there’s a negative hiring process."
• "In this guide, we go into detail on how companies can design the right hiring experiences, lay the foundations to building a great one, and potentially save costs while landing the best candidates."
• "From posting the job description to onboarding the candidate, planning their process based on a vision will ensure that they will create a type of hiring experience."
• "He posited that it’s about companies understanding the right type of hire for the current employment condition, not choosing whether you want to do internal or external."
• "If your company is reliant on evaluating candidates, hiring them and screening them using data science, there are many potential negative consequences to this."
• "Companies like Gallup and IBM are already developing their own philosophy and process behind a compelling employee experience, which will be instrumental in hiring, engaging and retaining high caliber talents over the next several years."

Key quotes:

• "Medicare Advantage plans work differently but generate much interest due to premiums which are often lower than Medigap plans."
• "Most Medicare Advantage plans today have either an HMO or PPO network."
• "While the lower premiums and extras are attractive, there are back-end costs in Medicare Advantage plans."
• "Medicare Advantage plans cover the same Part A and B services that are offered by Medicare."
• "Some plans have deductibles for medical services or drugs before your benefits begin."
• "If the copays add up to more than what you would spend on a Medigap plan, then Original Medicare with a Medigap plan might be a better value."

Key quotes:

• "Imagine a world where you, as an employer, could quickly install new health programs (be they in-place or delivered digitally), make them available seamlessly to employees and their families without the need for a chain of separate logins and passwords, and then quickly measure the effectiveness of those programs and reallocate your healthcare spending based on the results."
• "To deliver on the promise of enabling employers to drive better health outcomes for its employees while better managing spending, a Workforce Health Management System must possess four core capabilities: Cloud-Based, Connected Health Plan AdministrationA WHMS must be built on software designed for the modern enterprise."
• "Just like the expectations today’s employers have for how they manage other critical business functions — from company finances to sales pipelines — today’s employers expect real-time performance intelligence and insights from their health benefit plan administrators across everything they invest in when it comes to employee health and wellness."
• "With the advancement of a knowledge-based economy and recent innovations in software development, user experience design, and large-scale data analytics, U.S."