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Best Practices

Best Practices (67)

Read about leading practices in employee benefits.

Fall River has written in past articles about how Health Reimbursement Arrangements (HRAs) can be a valuable cost-containment strategy while effectively rendering employees’ benefits unchanged. We recently completed an internal analysis of one client who was able to slash their effective renewal increase down from 15% to 5% by adjusting…
Thursday, 24 September 2020 22:33

Taking Virtual Open Enrollment to the Next Level

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It’s clear that virtual open enrollment meetings are part of our new normal. Whether you’ve been doing them for years or for the first time this year, there’s a lot to consider if you want to make them as successful as possible. Fall River has been assisting our clients with…
Healthcare costs have increased faster than inflation almost every year for at least the last 30 years. Switching carriers, raising out-of-pocket costs, and asking employees to pay more out of their paychecks should be your last resort.
Friday, 08 May 2020 14:49

Are Your Benefits Competitive?

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At Fall River we understand that during the past few months, everyone has been focused on the Coronavirus. As employers start to come up for air and tally up the financial hits from the pandemic, it’s more crucial than ever to find ways to save money and still be able…
Friday, 10 April 2020 11:35

The FAQs of Disability Insurance

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At Fall River we receive many questions regarding disability policies, and COVID-19 has introduced a plethora of new inquiries. Since disability provisions can be confusing and can vary between carriers, we’ve gathered a list of the most common questions our clients have posed to us.
Telemedicine has been a solution for employers and employees seeking more convenient round-the-clock care for years. Since the COVID-19 pandemic began and traditional in-person doctor’s offices have closed or moved to restricted visits, telehealth is no longer a novel benefit, but a vital part of any benefits package.
Friday, 24 January 2020 08:50

Renewal Season is Over. Now What?

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Another year and renewal season have zoomed by, and while it’s tempting to sit back and relax until the next renewal period, there are several benefit-related projects that you should tackle before then.
Friday, 17 January 2020 08:14

How Competitive is Your Benefits Package?

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The Kaiser Family Foundation has released their 2019 Annual National Employer Benefits Survey. The survey has been tracking benefit statistics from private and non-federal public employers in the United States for the last 21 years.
Friday, 22 November 2019 10:32

Using HRAs to Slash Healthcare Trends

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Most HR professionals have heard of a Health Reimbursement Arrangement (HRA), but may be unsure about the different types and how they can help both employers and employees save significantly on healthcare costs. There are now several types of ACA-compliant HRAs, but this month we’re focusing on Group Coverage HRAs.
Friday, 19 July 2019 09:47

Saving Money with Direct Primary Care

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Direct Primary Care (DPC), aka “concierge medicine,” is an alternative provider payment model gaining traction with employers who are tired of high health insurance rates and their employees not receiving the care they need. Instead of billing the insurance carrier for routine care, DPC providers usually charge a monthly flat…
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