Don't Leave Your FSA Money on the Table this Year!

Custom Content, FSA, Wellness

As 2019 is nearing an end, many people are looking at this year’s medical expenses to plan for how much they should set back for next year. In investigating these expenditures, you may notice that you still have money in your Flexible Spending Account (FSA) for 2019. FSAs are unique in that any unused money from this plan year is forfeited once the new year begins. You definitely do not want to leave money in your FSA once 2020 rolls around. To help, we’ve compiled a list of some ways to use up your hard-earned FSA money that you may not have thought possible!

by Mike Radakovich

Discount Drug Programs

Health Care Cost

Did you know that you can save time and money on your prescription drugs by simply signing up for a discount card online? With savings as much as 80% off, these discount cards keep your health care costs down even when the prices of prescriptions are sharply rising.  At no cost to the patient, discount drug programs negotiate the price of medicines with pharmacies and then pass the savings on to the consumer.  These programs give subscribers a personalized discount card to be used at any pharmacy. While the discount card cannot be used in conjunction with health insurance, the consumer may see that the cost of their medicine is actually LESS with the card than it is with their insurance.

by Chris Freitas

INTRO TO SELF-FUNDING

Insurance, KBI Blog

It may be Q4, but companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan. By paying for claims out-of-pocket instead of paying a premium to an insurance carrier, companies can save around 20% in administration costs and state taxes. That's quite a cost savings!

by Chris Freitas

AI in HR

Human Resources, Technology

Artificial intelligence is pushing humans and machines closer together.  It’s exciting!  AI’s influences are being felt across the HR space… being used to automate business processes, enhance efficiency, and reduce bias among other things.  In fact, McKinsey’s latest forecast of AI’s impact on the global economy is that it will generate $13 trillion in economic activity across the globe by 2030.

by Mike Radakovich

Price Shop Your Healthcare

Custom Content, Healthcare, Health Care Cost

As the costs of health care soar, many consumers are looking for ways to control their medical spending. Also, with the rise of enrollment in high deductible health plans, consumers are paying for more health care out-of-pocket. From medical savings accounts to discount plans for prescriptions, patients are growing increasingly conscious of prices for their healthcare needs. Price shopping procedures and providers allows you to compare prices so that you are getting the best value for your care.

by Chris Freitas

Nutrition Tips for Busy Families

Family, Wellness, KBI Blog, Nutrition

The typical family in the US looks quite different today than it did 30 years ago. School, sports, church, clubs and activities, and longer work hours have changed the way we allocate our time as well as how we eat.  With families getting busier and busier, how do you make healthy eating a priority? It’s actually pretty easy!

by Mike Radakovich

KBI + Rippling vs Gusto

Human Resources, Information Technology

You invest your time and energy into building your company and when success takes off for you, you need to align yourself with partners who can and will grow with you. We are proud to say that KBI has recently joined forces with Rippling, a full-service HR and IT company that can serve you as you grow from 1 to 1,000 employees.

by Chris Freitas

Volunteering Time Off, Part Two

Custom Content, Employee Benefits, Volunteer, KBI Blog

Right now our national unemployment rate is 3.7%--edging towards a 50-year low. With this low rate, companies are actually finding it increasingly harder to hire and retain great talent. One way to combat this issue is by increasing employee engagement through volunteering.

by Mike Radakovich

Urgent Care vs. Emergency Room

Custom Content, Health Care Cost

Let’s say you are getting ready to make your favorite breakfast—avocado toast. You’ve toasted the bread, cut the avocado in half, and are ready to remove the dreaded pit. Of course, your knife slips and you end up slicing your hand—making you the latest victim of “avocado hand.” It seems you cannot stop the bleeding with a simple bandage so now you need to make the decision on where to go to seek help. Do you choose an urgent care facility or the emergency room? What’s the difference?

by Mike Radakovich

Top 5 Learning Metrics to Watch

Employee Training, HR, Human Resources, KBI Blog, Education

How much job training equates to time wasted:  About 20%, according to one LinkedIn study.  That’s the percentage of learners who never apply their training to their job.  That same study says 67% of learners apply the lessons learned, but in the end, revert to previous habits.  Another study found 45% of training content is never applied.

by Mike Radakovich