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The Benefit Company Enters Strategic Partnership with IMA Financial Group

(DENVER – Oct. 9, 2023) IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, has entered a strategic partnership with The Benefit Company (TBC) and The Bottoms Group (TBG). With a history of successful collaboration on pivotal business ventures, the two firms joined the IMA …

Compliance Update Regarding Gag Clauses

The Consolidated Appropriations Act (CAA) continues to roll out plan sponsor responsibilities. A current compliance item on the horizon is the “Gag Clause Prohibition Requirement.” Although this requirement TECHNICALLY went into effect on December 20, 2020, the first attestation is due this December (December 31, 2023). Definition Plan sponsors must review any group health plan …

The last decade was strong for Private Equity, with deal multiples shooting up 50 to 60 percent between the 2010s and the 2020s.  But things have changed, and competition for the best deals is fierce.  Inflation is at a record high, interest rates have made a comeback, and a recession may be coming soon. Per …

Recently, LinkedIn hit me with a post directed to benefits brokers.  I took a second to read the bullets before scrolling by and I have to admit I was ashamed of, and for, our industry.  Perhaps what I share below is why we use the term Benefits Advisor in lieu of broker. Specifically, this company …

As a Partner Firm of United Benefit Advisors (UBA), The Benefit Company is joining UBA in its 20th-anniversary celebration as the nation’s leading independent employee benefits advisory organization. Twenty years ago, a group of fellow employee benefits professionals met at the Society of Financial Service Professionals Success Forum in Las Vegas to discuss: the future …

BlueCross BlueShield Settles Suit for $2.67 Billion

As you may have heard, for the past eight years, BlueCross BlueShield has been involved in a legal dispute challenging their licensing agreements.  After eight years of litigation, BCBS has not admitted fault, but they have agreed to a settlement to end the litigation.  In the settlement, BCBS agreed to a settlement of approximately $2.67 …

Hidden Taxes in Healthcare Finance

“Follow the Money” is a phrase that became popular following the 1976 film “All the Presidents Men.” So, let’s “Follow the money” in healthcare to help us understand how Medicare and Baby Boomers impact your Employer-based Health Insurance costs. Before doing so, it’s important to understand a few dynamics in our country.  First, consider the …

We are making sure you are aware of ongoing negotiations between Wellstar Health System and Cigna.  Cigna’s current contract with Wellstar ends on March 31, 2021. Cigna is now sending written notifications to Cigna members who have received care from Wellstar within the last 12 months.  Negotiations between CIGNA or any insurance company and a …

Christine Muro

The Benefit Company (TBC), a leading Atlanta executive and employee benefit consulting firm, is pleased to welcome Christine Muro to our team. Christine received her Bachelor of Business Administration from Georgia State University.  Following her graduation, she has worked in the HR and employee benefits arena for more than 15 years, primarily on the employer …