How Are Healthcare Premiums Set?

How Are Healthcare Premiums Set?

Under the Affordable Care Act, health insurance companies can account for only five things when setting healthcare premiums. Insurance companies use these factors to anticipate the cost to cover an individual with health insurance. Some people need more coverage than...
ICHRA Plans and Small Businesses

ICHRA Plans and Small Businesses

  What is an ICHRA? An ICHRA is an individual coverage health reimbursement arrangement. These are reimbursement arrangements integrated with individual market health insurance coverage. They’re created for employers who want to help their employees. Through an ICHRA, employers can reimburse employees’ individual medical insurance premiums. Not only their premiums but also other qualified health care expenses!  […]
Can You Create Your Own Group for Health Insurance?

Can You Create Your Own Group for Health Insurance?

  For small businesses offering competitive health care plans, it is often overwhelming. If you have less than 50 employees, by law you’re not required to provide health insurance for them. It is the number one benefit employees look for in a company though. 85% of small business employees say that health benefits impact their […]
AUI Insurance – Understanding Total Compensation and Benefits

AUI Insurance – Understanding Total Compensation and Benefits

  A concrete and mutual understanding of total compensation and benefits is crucial. Employees need to know what their job offers them. Potential employees need to know them to make the best decision when choosing a job. Total compensation and benefits can make or break work quality. Employers need to know what they are providing […]
The Pitfalls of Benefit Leakage & How You Can Avoid It

The Pitfalls of Benefit Leakage & How You Can Avoid It

  Most employers are aware that offering health insurance benefits is one of the most important factors in attracting and retaining talented employees. Employers anticipate hefty health insurance premiums—with the average annual employer contribution per employee being $6,485. But many are unaware that improperly managed benefits plans can lead to benefits leakage that may be […]
The Health Insurance Industry’s Tragic Flaw

The Health Insurance Industry’s Tragic Flaw

  Most people mistakenly believe that insurance agents and brokers are the same thing. But the truth is, the significant difference between them highlights the health insurance industry’s tragic flaw. Read on to learn the difference between a health insurance agent and broker and the expensive impact those differences can have on you. The Health […]
How Can AUI Help at Insurance Renewal Time?

How Can AUI Help at Insurance Renewal Time?

  Insurance Renewal time is a tough time for business owners. Health insurance rarely goes down in price and shopping takes time. Luckily, at AUI, we invest time into shopping for the best plan for you when we first meet, and even at renewal time. We like to consider it a personal challenge; we find […]
What is a Health Insurance Broker?

What is a Health Insurance Broker?

With so many variables, it can be difficult to find the perfect health insurance broker or agent for you. To make things easier, you might choose to hire someone to do the dirty work for you. They are either a health insurance broker or an insurance agent. The question is, who do you hire? Learning […]