Market Insights

Effectively managing claims has historically proved to be a complex task, to put it mildly.

With all of the killer tornadoes, damaging hail storms, crippling blizzards, and record heat waves that we have experienced so far in 2011, the number of claims citing weather-related damages has skyrocketed.

As health care costs continue to rise and employees are asked to shoulder more of the out-of-pocket expenses, voluntary products can help mitigate the burden. The savvy broker can create a reliable income stream by matching the right voluntary benefits to the right employer.

During its 2011 session the Florida Legislature passed HB 7107, a landmark Medicaid reform act that will convert Floridas Medicaid system from a traditional fee-for-service system to one primarily based upon managed care plans. The time for managed care entities to get with the program is now.

With expanded regulations going into effect in many industries, organizations must not only show that they have compliance and ethics programs in place, but also be able to demonstrate that their programs are working.

With so many handlers involved, how do managers promote efficiency throughout the varying stages of the claim?