Posts in Category: Tools of the Trade

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This room contains pieces drawn from my experiences at Health Decisions. It offers practical advice for anyone involved in managing group health plan expenses.
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Dependent Audits DONE RIGHT: How? 

Tuesday, November 27, 2018 11:16:00 AM Categories: Tools of the Trade
A dependent eligibility audit, when DONE RIGHT, is not a burden on your workforce, and still generates a positive return on investment. In order to do a DEA the RIGHT way, the focus needs to be on the response rate. Earlier this year, a... read more
 

Dependent Audits DONE RIGHT: When? 

Wednesday, November 14, 2018 11:08:00 AM Categories: Tools of the Trade
For many of you, it's Open Enrollment season. Whether it is or isn't, it's definitely a good time to consider a Dependent Eligibility Audit (DEA). Many groups use Open Enrollment ... read more
 

Dependent Audits DONE RIGHT: Why? 

Wednesday, November 7, 2018 10:55:00 AM Categories: Tools of the Trade
A Dependent Eligibility Audit (DEA), when DONE RIGHT, is an extremely effective tool for managing a plan's rising health care costs. At this point, every organization is in one of three... read more
 

Prudence says: Don’t forget your ongoing fiduciary tasks! 

Tuesday, May 22, 2018 10:22:00 AM Categories: Tools of the Trade
In this video, Prudence discusses the ongoing fiduciary responsibilities that need to be accounted for. The resources Prudence refers to are: https://www.irs.gov/pub/irs-pdf/p969.pdf;... read more
 

Prudence says: Get a plan of action that’s on FIRE! 

Tuesday, April 3, 2018 4:11:00 PM Categories: Tools of the Trade
In explaining the responsibilities of a fiduciary, Prudence separated the plan year into three phases: Ready, Aim, and Fire! In this video, Prudence focuses on the final four months of the year - the "FIRE" phase. In this phase, it's time for... read more
 

Prudence Says: Use Facts to AIM Your Plans and Decisions 

Tuesday, February 27, 2018 4:03:00 PM Categories: Tools of the Trade
Lately, Prudence has been explaining the basics of the fiduciary plan year, breaking it down into three phases: Ready, Aim, and Fire! This week, she's back to discuss months 5-8 of the year, or the "AIM" phase. This phase is all about leveraging... read more
 

Prudence Says...Get READY to Control Your Plan Data! 

Tuesday, February 20, 2018 3:44:00 PM Categories: Tools of the Trade
In our last video, Prudence explained the basics of the fiduciary plan year, breaking it down into three phases: Ready, Aim, and Fire! This week, she's back to discuss months 1-4 of the year, or, the "READY" phase. This phase primarily involves... read more
 

Prudence says: Happy New Year! 

Wednesday, December 27, 2017 3:17:00 PM Categories: Tools of the Trade
If you’re newer to Health Decisions, you may not yet have met Prudence. Prudence - the Prudent Person – is the star of a video series we launched last year to help educate plan fiduciaries and their advisors, brokers, and... read more
 

Prudence Discusses...The Fiduciary Year 

Monday, May 1, 2017 4:00:00 PM Categories: Tools of the Trade
We're excited to bring you the next video of our "Prudence Says" series. This time, "Prudence Discusses" the fiduciary plan year, splitting the year up into three parts (Ready...Aim...Fire!). There are responsibilities associated with each part... read more
 

Prudence Says: Set Up Your Health Plan as a Separate Legal Entity! 

Tuesday, April 4, 2017 11:08:00 AM Categories: Tools of the Trade
Prudence is back with another video on self-funded health plans! This time, she's focusing on plans that are their own legal entity. It's something Prudence (and Health Decisions!) advises for your health plan. As a fiduciary or ABC team... read more
 
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