Benefits Brokers Keeping an Eye on Possible Medicare Changes

Benefits Brokers Keeping an Eye on Possible Medicare Changes

Benefits brokers whose book of business goes beyond group benefits to include individual Medicare subscribers are keeping an eye on potential changes to the government health insurance planned for seniors. Why? Because the Biden administration appears ready to take action that could limit future broker payments.

The administration has already shown willingness to limit the amount of money brokers can make by enrolling Medicare subscribers in Medicare Advantage and Medigap plans. But it looks like regulators want to impose further restrictions against extra payments brokers receive from insurance carriers.

Reducing Total Compensation

Axios reports that roughly 33% of the nation’s Medicare subscribers rely on brokers to help them choose their Medicare Part B, C, and D options – all of which are provided through private insurance carriers. Carriers pay brokers to steer customers to their products over and above the $611 standard allowable fee under Medicare regulations.

They do so through add-on payments to ostensibly cover broker costs related to marketing, customer service, and recruiting. Axios contends that a typical benefits broker can earn up to $1,300 per new enrollee for the services they provide. What is the problem here?

Insurance carriers do not eat the cost of paying brokers to steer Medicare subscribers to their products. Everything they pay is added to the cost of their products. In the end, this means Medicare subscribers are paying more for policies than they otherwise would if insurers companies were not paying brokers so much.

Expanding the Book of Business

Benefits brokers have historically worked with insurance carriers and general agencies, like BenefitMall, to put together group benefits packages for employers. So why are they involved in the Medicare system? It is a matter of expanding a broker’s book of business. Like any other business, brokers are always looking to bring …

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Custom Cartridge Heaters Tailoring Solutions to Your Unique Requirements

Custom Cartridge Heaters Tailoring Solutions to Your Unique Requirements

The essence of industrial and manufacturing success lies in the minute details of its processes. In this regard, one component that typically stands out is the heating element, specifically cartridge heaters. Their performance directly impacts the efficiency of several systems. However, the off-the-shelf heaters might not cater to specific requirements in every situation. This is where custom cartridge heaters come into play, precisely meeting your unique needs. Let’s delve deeper into understanding why tailored solutions are indeed the way forward.

The Power of Customization: Addressing Distinct Needs

Cartridge heaters are compact, high-density heating units used in an array of applications, from manufacturing to packaging, molding to 3D printing. With such a broad scope of usage, it’s evident that a one-size-fits-all approach wouldn’t suffice. Customization can enhance their versatility, ensuring they are a perfect fit for the equipment, boosting efficiency, and reducing energy wastage.

Enhancing Operational Efficiency: Tailor-made Precision

Tailoring solutions are not just about fit; it’s about enhancing your processes. With custom cartridge heaters, you have control over aspects like watt density, lead types, terminations, sheath materials, and more. These specifics directly influence how efficiently the heater operates within your system. A heater designed to cater to your particular needs will operate more efficiently, leading to significant energy savings in the long run.

Durability and Longevity: A Custom-Built Promise

Off-the-shelf cartridge heaters may not always withstand the unique demands of your industrial processes. For example, they may not be designed for environments with high vibration or unusual humidity levels. However, with custom cartridge heaters, you can specify these parameters to ensure that your heaters are built to last, reducing downtime and maintenance costs.

Innovating Safety: Bespoke Cartridge Heaters

Safety is paramount in any industrial setting. Here too, custom cartridge heaters have a distinct advantage. They can be designed to …

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How Various Industries Can Leverage Robotic Systems

How Various Industries Can Leverage Robotic Systems

In today’s fast-paced world, industries are constantly seeking innovative ways to increase productivity and efficiency. One such technology that has revolutionized the way businesses operate is the industrial robotic arm. These versatile and highly precise robotic systems are transforming various sectors, ranging from manufacturing to healthcare. In this blog post, we will explore the potential of robotic systems and how different industries can leverage their benefits to boost productivity and streamline operations. 

By Enhancing Manufacturing Processes 

Industrial robotic arms have played a pivotal role in transforming the manufacturing industry. These robotic systems have the ability to perform repetitive and precise tasks with remarkable speed and accuracy. By automating assembly lines and carrying out intricate tasks such as welding, painting, and packaging, robotic arms have significantly improved production efficiency. This has not only reduced human error but also increased output, resulting in faster turnaround times and higher quality products. 

By Revolutionizing Healthcare 

The healthcare sector has also witnessed the remarkable impact of robotic systems. Industrial robots are now being used to assist surgeons in performing complex procedures with enhanced precision. With their steady hands and precise movements, robotic arms can carry out delicate surgeries, resulting in reduced complications and faster recovery times for patients. Moreover, these robotic systems can handle repetitive tasks such as medication dispensing and patient lifting, allowing healthcare professionals to focus more on critical and personalized care. 

By Streamlining Logistics and Warehousing 

Robotic systems have proved invaluable in optimizing logistics and warehousing operations. Industrial robotic arms can automate repetitive tasks involved in the movement, sorting, and packaging of goods. They can efficiently handle heavy loads, navigate complex warehouse layouts, and ensure accurate inventory management. By leveraging these robotic systems, businesses can achieve faster order fulfillment, reduced errors, and enhanced supply chain efficiency, leading to improved customer satisfaction. 


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Mastering Listed Options: Essential Techniques for Experienced Traders

Mastering Listed Options: Essential Techniques for Experienced Traders

Listed options trading is a popular strategy across many countries, including the UK. It offers traders a range of benefits, such as increased capital efficiency and flexibility for portfolio management. Experienced traders should know several techniques to increase their potential profits when trading listed options in the UK; each has advantages and disadvantages. This article will discuss essential techniques experienced traders should consider mastering to effectively trade listed options in the UK.

Bull call spreads

Bull call spreads are a favoured strategy traders use when trading listed options in the UK. It involves buying an at-the-money call option and simultaneously selling another out-of-the-money call option. The trader will benefit if the market is slightly bullish, as the higher-priced option’s value decreases more slowly than the lower-priced one’s value increases, resulting in a net profit. However, this technique becomes less profitable as markets become increasingly bullish, as the higher-priced option’s value decreases faster than that of the lower-priced ones. It is essential to carefully evaluate market trends before attempting this strategy.

Put ratio back spread

It is a less common but equally effective technique for experienced traders looking to trade listed options in the UK. It involves buying multiple put options and selling fewer call options, all with the same expiration date. This strategy is profitable when markets are bearish as long as the underlying stock does not fall too fast or too slow. However, potential losses increase rapidly if the market moves quickly against this position. As such, it is essential to carefully evaluate current trends before considering this strategy. Furthermore, traders must consider the option’s cost before entering this trade.

Bear spread

This approach is similar to bull call spreads but instead involves buying an at-the-money put option and simultaneously selling another out-of-the-money put option. It can be used …

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A Guide to Treasury Jobs

A Guide to Treasury Jobs

With regard to UK corporations, The Treasury Recruitment Company is the premier recruitment firm for financial roles and treasurers. Our customer base includes businesses from all fields, with know-how in every economic corner –comprising FTSE 100 companies in addition to smaller enterprises.

Being the group treasurer, and part of senior management personnel, it is your responsibility to ensure that business financials are in tip-top shape and straighten out any financial problems before they escalate to a real issue later on. You will require skills such as budgeting for future costs in addition to presenting suggestions on ways to better strategy or decrease risk levels with finance directors.

The Treasury Recruitment Company has been assisting in moulding successful professions and supporting firms to create better enterprises for several years. Founded in 2002, we have an exemplary track record when it comes to working alongside customers to provide bespoke solutions.

Some of the treasury roles we recruit for include:

Treasury manager

Group treasurer

Treasury analyst

Treasury accountant

Assistant treasurer

Risk analyst

And so on!

Typical treasury tasks

Treasurers oversee the financial risks and commitments of a company. General functions include controlling cash flow, managing investments, and assessing market environments. They can also give recommendations on financial risks and implications that could possibly impact other departments like tax. A treasurer can also be tasked with managing a team of junior personnel, thus there may be team management duties involved.

It is also integral for the treasurer to form an advanced system for checking cash flow and making sure that all the activities undertaken by the team are in compliance with business policies.

Key treasury skills

Treasury managers must be capable of delivering presentations to the board of directors and other pertinent stakeholders of the company. They will have to work together …

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