How to prepare self-insured businesses for rising pharmacy costs

Paul Wilson •
BenefitsPro
BackyardProduction

Before the novel coronavirus hit, employer health benefits were already expected to rise 5% this year, according to the National Business Group on Health’s (NBGH) 2020 Large Employers’ Health Care Strategy and Plan Design Survey. The survey estimated the total cost of health care to be $15,375 per employee, including premiums and out-of-pocket costs for employees

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I’m a financial planner, and there are 3 ways my advice to clients has changed during COVID-19

Sharif Muhammad •
Business Insider
Feverpitched

As the COVID-19 virus raged through the northeast US in March, I received numerous calls from concerned clients pleading for information and guidance. Questions like, “Should I get out of the market?”, “Which bills should I prioritize?” and “Should I pay the rent/mortgage?”  As we discussed these and other issues, I realized that we were

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Life insurance premium financing for multi-participant arrangements

Wintrust
Wintrust LIfe - Multi Participant

In today’s tight labor market, finding and retaining key employees is a top concern for many companies. A good benefits package can help with recruiting and encourage your critical executives to stay on board. Offering a 401(k) plan, robust health insurance, employee stock ownership plans, and life insurance options is crucial to creating a competitive

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Life insurance premium financing for estate equalization

Wintrust
Wintrust Life - Estate Equalization

Business owners face countless challenges day to day, but planning for the future can be even tougher. For a family-owned business—with some children more involved than others—outlining estate equalization arrangements can be tricky, especially when most of the wealth is tied to the business. This leaves the family with a complicated situation: how can they

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Here’s everything you’ll want to read if you can’t make up your mind about life insurance

Business Insider •
Business Insider
Young woman preparing home budget, using laptop and calculator

Life insurance seems like a big deal. But setting it up is surprisingly easy, and paying for it can be surprisingly affordable. If you think you might need life insurance, but you’re intimidated by the seriousness of it all or don’t know where to start, we’ve gathered some of Business Insider’s most helpful articles in

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