health life insurance

What Happens When You Don’t Fund Your Trust?

10/03/2023binomo

After you work with your estate planning attorney to draft a carefully tailored estate plan, it is usually your responsibility to “fund” the trust.

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What does funding the trust mean?

Funding the trust is simply transferring assets into your trust.

If you have a trust, you will want to put your assets into the trust, by retitling bank accounts, re-designating beneficiaries of life insurance, etc. We walk our clients through

What is the Cost of a Data Breach?

08/03/2023binomo

A recent study found that the total average cost of a healthcare breach is $10.10 million. Can your healthcare practice afford a breach?

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Can your healthcare practice afford a breach? Most healthcare entities cannot.

Since 2020, healthcare breach costs have risen by 42%.

As we know healthcare breaches are incessant, it is important to understand trends.

The trends that have emerged over the past few years are:

Repeat attacks

How to Choose the Best Vision Insurance for Employee Benefits

23/02/2023binomo

Vision care is an integral part of a healthy lifestyle. A person only gets 1 pair of eyes, and at least 61% of the US adult population needs some sort of corrective lenses.

Without vision insurance, each routine eye exam can cost around $100. After that, a decent pair of glasses or contacts can cost a person upwards of another $100-$200.

Between the sizes of the provider networks, to monthly premiums, coverage details, and more, vision insurance shopping can be daunting. This is especially the case for professionals who manage employee benefits who are trying to take care of a

How to Keep Your Teeth Healthy, Even If You Don’t Have Insurance

20/02/2023binomo

Snacking on a single candy bar throughout the day can do significantly more damage to your teeth than eating it all at once, according to Dr. Jahangiri. The same rule applies to all sugary foods, whether they’re processed or not. “A lot of people think that if anything is ‘natural,’ it’s good,” Dr. Jahangiri says. “The reality is, honey will do as much damage. Dates would do as much damage as chocolates. Bacteria don’t care whether it’s natural or not. The bacteria go by the sugary substance.”

A final note on sugar: It’s best to have it with a meal,

State economists gather to review children’s health insurance enrollment program

14/02/2023binomo

Florida’s top economists agree enrollment in the Florida KidCare program will increase in the months ahead as the state begins to remove people from Medicaid as part of the end of the public health emergency associated with COVID-19.

the group of economists tasked with keeping tabs on Florida health care programs concluded that KidCare, a subsidized health care program for children, will see its enrollment grow as Medicaid begins to pare back its enrollment to pre-pandemic levels.

Economists agreed enrollment in one component of KidCare — Florida Healthy Kids — will increase by 22,214 people in May and June.

Enrollment

Can You Get Your PHI Back?

31/01/2023binomo

If you had concerns about your healthcare data in the hands of your vendors, what do your contracts say in regards to getting that data back?

A recent court case required a healthcare vendor to return data to the healthcare entity.

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CommonSpirit Health hired Emerge Clinical Solutions to process and archive protected health information in 2021.

However, CommonSpirit Health began experiencing issues with the data extracts and was unable to

Perks of buying health insurance at an early age

27/01/2023binomo

Health insurance is a must-have product today to access quality healthcare. For any medical emergencies that arise anytime and anywhere, regardless of one’s age, health insurance is a must since it offers the financial backup you need during such emergencies. Hospitalization and surgeries can burn deep holes in your pockets and cause a dent in your hard-earned savings. All of these can be avoided if you plan ahead of time and invest in health insurance. Thus, this National Youth Day, let’s understand the value of opting for a comprehensive health insurance plan early on in life.

Why buy health insurance

Can I Terminate My Physician Employment Agreement?

25/01/2023binomo

Many of our physician clients are unaware of their termination rights prior to meeting with us.

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If you want to terminate your employment, the first thing you need to do is read your contract.

Most physician employment agreements have substantial termination provisions. You need to know what yours says regarding termination with and without cause, what notice is required, and what other provisions will be triggered by termination.

Many times,