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Five Reasons Why Captives Can Be Your Saving Grace in Funding Employee Benefits

… and the expertise to understand them, you’re empowered to measure risk and vendor performance so you can make educated, informed decisions. No more feeling like a victim of the black box. You receive the information you need to manage your costs and understand the impact. Sharing of ideas and best practices Not only do you pool your money and pay claims together, but you’re paired with like-minded companies to share knowledge and wisdom for the most effective and efficient decision-making. Implement your own customized cost management solutions For example, if you have a population with …

https://www.epicbrokers.com/insights/captives-funding-employee-benefits/

Practical Strategies for Containing Pharmacy Costs

… while this can be alluring in terms of the potential savings, it does come at significant risk. Without FDA approval, there is no way to guarantee the safety or efficacy of these drugs. Importation brings the additional risks of quality control during shipment and the lack of ability to control the timing. And while there could be upfront savings, they may not be realized by the actual consumer – the patient. 4. Savings through Program Optimization Plan sponsors can explore other cost-saving avenues within their Pharmacy Benefit Management (PBM) contract. A contract that is flexible in terms of vendor management

https://www.epicbrokers.com/insights/practical-strategies-cotaning-pharmacy-costs/

Health Claim Data Is Power

… there are those that understand the game and know the odds. Since the odds are in favor of the house, these gamblers lose, but not as much and not as often. And then there are the card counters – the ones that have the data to beat the odds and mitigate risk. Let’s call that knowledge. The way the casinos mitigate their risk is by taking back the power and banning those gamblers from the table. In the fully insured health insurance world, knowledge comes from claims data. I have fought traditional insurance companies for years to get claims data …

https://www.epicbrokers.com/insights/health-claim-data-is-power/

"Is My Umbrella Policy Enough?"

… million. What is the State of Personal Liability Risk in Society Today? A phenomenon known as “social inflation” has caused a surge in high-value jury verdicts and settlements in personal injury lawsuits. Potential sources of liability include teenage drivers, dog ownership, swimming pools, home entertainment, domestic employees, social media and online activities, board membership, and rental properties. Damage claims by third parties are not limited by your ability to pay or your personal net worth. Why do Many Successful People Have Insufficient Umbrella Coverage? Many people who have accumulated wealth and assets seek out top wealth management and …

https://www.epicbrokers.com/insights/is-my-umbrella-policy-enough/

Managed Care Optimization

Impact Risk Partners  / Managed Care Optimization Managing the expense of high-quality care to injured employees is a key factor in your overall workers’ compensation costs. We help you drive measurable improvements to medical outcomes by integrating claims management, analytics, and process optimization with proven cost reduction strategies. Medical expenses often account for more than half your claims costs, so it’s important to have an effective plan to combat rising costs. With your injured workers and program goals in mind, we look at multiple areas to see where your current program can be improved. Connect with Impact Data-Driven …

https://www.epicbrokers.com/products/impact/managed-care/

John J. Patterson Joins Vanbridge, EPIC’s Financial Services Division

… from notice to resolution, as well as advising throughout the broking process with respect to structuring of coverage, legal implications of agreement language, policy wording and diligence matters. Patterson’s most recent role was that of Senior Vice President, Head of U.S. Financial Lines Claims at a leading transactional risk MGU. He also served as senior claims counsel at two large insurance carriers, where he managed D&O, E&O, and transactional risk claims on behalf of private equity, hedge fund and venture capital policyholders. Earlier in his career, Patterson was an attorney representing a leading insurance carrier in …

https://www.epicbrokers.com/insights/john-patterson-joins-vanbridge/

Jacqueline Beaudet, Esq.

… General Counsel for Regulatory and Compliance for EPIC. Over the years, in addition to fulfilling her legal functions for Frenkel and EPIC, Jacky was instrumental in providing Northeast client services in the areas of coverage analysis and carrier advocacy and services for several of the public company Frenkel clients in the role of outside risk manager. Her experience in the legal field, in both the law firm and corporate environments, spans more than 25 years. In addition, Jacky is responsible for the executive management of the Galway-wide insurance program, compliance and licensing, and the legal liaison concerning privacy matters.

https://www.epicbrokers.com/about/our-leadership/jacky-beaudet/

Alert: New Guidance Expands ACA-Approved List of Women & Children’s No-Cost, Preventive Services

… healthcare clinician or other appropriately trained individual for sexually active adolescent and adult women at an increased risk for STIs. The Women’s Preventive Services Initiative (WPSI) recommends that clinicians review a woman’s sexual history and risk factors to help identify those at an increased risk of STIs. Risk factors include, but are not limited to, age younger than 25, a recent history of an STI, a new sex partner, multiple partners, a partner with concurrent partners, a partner with an STI, and a lack of or inconsistent condom use. For adolescents and women not identified as high risk,

https://www.epicbrokers.com/insights/guidance-expands-aca-approved-preventive-services/