Haren Insurance Inc

As health care and medical plan costs are predicted to rise in 2025, you know where to find us... Getting you the best rates possible!

Employers Project 8% Rise in Health Care Costs for 2025 - Word on Benefits U.S. employers project a median health care cost increase of 8% for 2025, according to new International Foundation survey results. Specialty drugs and catastrophic claims are considered primary factors for increased costs.

Did you know that you might be undervaluing the importance of a good employee benefit package?

Click here to read more!

78% of Employees Would Take a New Job for Better Benefits Most workers at small (71%) and large companies (63%) have struggled to save long-term for emergencies or retirement because of medical costs.

Taking you back to school for another class of Insurance 101! And following up from our “suggestion box” from our stories last week- here is your guide to ✨ coinsurance ✨

Happy birthday (and a belated congratulations) to our newly appointed VP, Alex Ratliff! Wishing you your best year yet!

Another "mid-year check-in" from WEX Benefits, this time about flexible spending accounts! Remember- these don't usually roll over like HSAs, so now would be a good time to make sure you're getting the most out of your FSA!

Do this FSA mid-year check to stay ahead of the game Now that we’re halfway through 2021, follow these FSA mid-year tips to make sure you spend all of your FSA funds on time.

In light of our post last week regarding HSAs, we thought we'd continue the trend with this helpful "check-in" from WEX Benefits!

It’s July. Have you performed an HSA midyear check-in? Most participants are halfway through their plan year. How is your HSA? We’ve compiled an HSA mid-year check for you.

Continuing our little educational series today with some basic info on HSAs!

At Haren Insurance, we're lucky to have such a kind and encouraging leader at the helm of our operations! So today, please join us in wishing the happiest of birthdays to Kyle Haren!

Whether your company has just gotten large enough to consider offering employee benefits or you’ve been offering benefits for years, you might still find yourself asking the question “why do I need a health insurance broker?”. Let us show you how we can help!

Pull up a chair and grab some paper and a pen! Insurance 101 is in session…

Are you an employer considering voluntary benefits for your team? Check out this article and video podcast from Wex Benefits to learn more about different types of voluntary benefits and how you might "supplement your major medical coverage" and better meet your employees' needs!

5 voluntary benefits plan design tips Discover voluntary benefits plan design tips to attract and retain top talent. Explore insights on tailoring benefits to meet employee needs.

Alex and Kyle twinning at the office today- and they didn’t even plan it!
We’re just *that* in sync at Haren Insurance 😊

Knowing the difference between health and wellbeing is one of the best ways to avoid major and even minor health-related issues. Check out this article from BetterUp.com for more information on how to approach your everyday well-being so that it might benefit your health!

Understanding Health And Well-Being & 10 Ways To Improve Both Health and well-being are interconnected. Learn how they support each other, and find tips for improving both for more happiness, contentment, and success.

What are open enrollment periods and what do you need to know about them? Let us help break it down for you!

Today marks 5 years that Alex Ratliff has been with Haren Insurance as a Benefits Advisor! Join us in congratulating him for a job well done 👏🏼

Did you know that encouraging your employees to seek preventative care and offering incentives for them to find affordable care can lower your total benefits' costs? Check out this article for more strategies...

How benefits cost containment can elevate your business Discover cost containment solutions for managing employee benefits. Explore telemedicine, incentives, and more.

We’re very grateful for these kind words from Tracy! What an encouragement!

A brief overview of the types of employee benefits we assist with at Haren Insurance!

Introducing (or re-introducing) the Haren Insurance team! Check out our stories for more.

If you're analyzing your employee retention rates or even just trying to better understand the employee "life cycle", this article from HR Lineup might help!

Employee Life Cycle: Meaning, Stages, Strategies & Examples This article delves into the meaning, stages, strategies, & real-world examples of the employee life cycle, offering comprehensive insights.

In case you missed it!:

As of June 14th, BCBST reached an agreement with Chi Memorial Hospital for Network P, Medicare, and Medicaid.

"We are pleased to announce that we’ve reached an agreement with CHI Memorial regarding Blue Network PSM, Medicare Advantage and BlueCare that allows these plans to stay in-network. Members of these plans may continue to seek care with CHI Memorial and affiliated providers at in-network costs, through June 30 and beyond.
At the same time, we’re excited to bring Parkridge into Network S, alongside Erlanger. Network S members can visit our Parkridge page or our Erlanger page to learn more about the services, facilities and providers they offer. " (bcbstnetworkupdates.com)

For additional information, click the link below to read Chi Memorial's official statement.

https://www.memorial.org/bcbst-updates

CHI Memorial & BlueCross BlueShield of Tennessee Negotiations | CHI Memorial CHI Memorial is focused first and foremost on the needs of our patients and our ability to sustain critical services for our communities.

Happy Father's Day from Haren Insurance! We hope everyone has a lovely day with their families.

Did you know that job/work burnout can affect not just your mental, but also your physical health, possibly developing and/or contributing to chronic illnesses?

Check out this article from Betterup.com for more information and ways to prevent/treat burnout before it's too late!

Signs of Burnout at Work and What to Do about It The trick to managing burnout at work is to catch early symptoms and begin treating them right away. Learn what to look for and how to recover from burnout.

In an effort to fit in with all the cool kids, Haren Insurance created an Instagram account! We would love it if you followed along on our social media journey… Click the link below or go into the Instagram app and search "hareninsurance". And who knows? You might even get lucky and get a follow back!

www.instagram.com

Sharing some more helpful information today via Pinnacle Financial Partners, this time on the topic of mid-year election changes!

So you know about open enrollment and you've probably had a "qualifying event" occur that allowed you to adjust your insurance in the middle of your plan year, but do you know what qualifies as a "qualifying event"?

"Little known fact, all Section 125 mid-year events are optional for employers to elect, but most employers choose to offer all mid-year events. This is why reviewing the plan document is the first and MOST important step in determining if an employee may change their elections. If an event is not adopted in the written plan document, the document must be amended to allow an employee to prospectively change coverage.
The chart below outlines the optional mid-year events. The plan documents govern and should provide additional guidance for which benefits the events may apply. NOTE: Many of these events do not apply to Flexible Spending Accounts (FSAs) and Dependent Care Flexible Spending Accounts (DCFSAs): " (Pinnacle Financial Partners)

Have you ever wondered what time of the year your employer might contribute the most to your HSA? And/or how they determine this strategy?

A new benchmark survey posted by Pinnacle Financial Partners sheds some new light on this question!:

"The Plan Sponsor Council of America (PSCA) recently released their 2023 Health Savings Account Benchmarking Survey, which surveyed 529 employers that have an HSA program. This report not only breaks down contribution strategies employers use to fund employee accounts, but also how employers of certain sizes strategize timing."

The chart below shows the timing of HSA contributions in conjunction with the size of the organization.

There's just about 2 weeks left of voting for the 2024 Chattanooga Best of the Best awards! If you like what we do here at Haren Insurance be sure to follow the link and vote! You can find us under the Finance section and "Local Insurance Broker."

Thanks for your continued support!
https://www.bestofchatt.com/?fbclid=IwZXh0bgNhZW0CMTEAAR3OpgqHWm_qxkUf8pn-UnGg9P9P7GpBLxuhPvkrvIV83r7Di9XdmdSjE1s_aem_Aebfqpu-srjz0ZcMu_Ul0xxL_4c9J0YxDo0lzAG3fBJRni4ZQeW0FTYvw42_VQqtDgNrZebyy1MtyykJ_0xARGxW

Best of the Best | Chattanooga Times Free Press To enhance the voting experience, we will be featuring the top five businesses with the most nominations, instead of the previous ten.