Ethos Benefits

Absolutely ECSTATIC to share the good news... Congrats, Chelsea Ryckis, CHVA!

What other vendor do you work with where you don't know how they're paid? So, now tell me why is it different when it comes to broker compensation? Weird, right? Well, you can take a stand against the UNFAIR practices that inflate healthcare costs, (like inflated broker compensation in the form of commissions and bonuses.) Together, we can create a more transparent and accountable health plan by understanding how the person giving you advice is paid. How, you ask? First step, fill out the form linked below so you don't miss out on the opportunity to save money and protect your employees. https://lnkd.in/enbScQhq

Thank you Kim K. for highlighting Chelsea! You're making such an impact and we appreciate you!

?? We are incredibly humbled and honored to receive the Luminary Award from BenefitsPRO! ?? This recognition is a testament to the hard work and dedication of our entire Ethos Benefits team. Each member embodies the spirit of advocacy, always striving to support employees, especially when faced with challenges. From implementing our Care Coach program to providing personalized support for clients navigating their healthcare journeys, our team continuously seeks innovative ways to make a difference. This award is not just a reflection of our efforts but a motivation to keep pushing for excellence in the benefits space. Thank you to everyone who has been part of this journey with us! Together, we are making healthcare more accessible and supportive for all.

You are a fiduciary of your health plan.? Most professionals in Human Resources don't realize they bear a fiduciary duty under ERISA for their health plan the same way they do for their 401k - until it's too late. The recent J&J and Wells Fargo lawsuits are just the beginning and they are coming down market faster than anyone expected.? We've created a 5 Step Fiduciary Framework to protect you and your company- the best part, you don't even have to leave your broker! Message us and we can send it over! #hr #humanresources #fiduciary

?? Congratulations, Christy! ?? We're thrilled to celebrate your well-deserved ALM BenefitsPRO Luminary award! Your unwavering dedication to advocating for employees truly sets you apart. Your passion and advocacy not only empower individuals but also elevate the entire workplace culture. Keep shining and inspiring others!

Check out what happens when Chelsea brings out the air quotes and we find out Donovan’s new nickname… “It’s almost like taking advantage of people for profit isn’t cool anymore.” - Tom Broker

Year after year, they're pulling the wool over your eyes, but this year??? Don’t be fooled! Even a small bump can make a big dent in your wallet and your employees’ wallets. These rising costs honestly feel like you’re being squeezed from all sides and may end up having to pass on these costs to employees, which can make it tough to afford necessary care. Or, they might cut back on benefits, leaving everyone feeling a little shortchanged. Every bit of it is NOT ok, but... We get it. We’re all about helping employers control costs and provide awesome healthcare to their employees. We believe that healthcare should be accessible to everyone, no matter what. #employeebenefits #employeeengagement #hr #employeeappreciation #humanresources #employeewellness #healthinsurance #employeeexperience

?? Claims Processing Fees: A Hidden Cost While claims processing fees might seem like a small expense, they will definitely add up significantly over time.? Some PBMs charge an additional fee for each prescription claim processed, regardless of the drug's cost or complexity. This means that even for routine prescriptions, you could be paying extra fees. How can this affect your healthcare costs? ?? Increased premiums: PBMs may pass these additional fees on to employers, leading to higher premiums for employees. ?? Reduced benefits: To offset the increased costs, employers may be forced to reduce other benefits or increase employee contributions. ?? Higher out-of-pocket costs: Patients may end up paying more out-of-pocket for their medications, even with insurance coverage. We really want you to be aware of claims processing fees and we challenge you to ask about detailed information about their pricing structure. Just because a total PBM administrative fee may seem lower than other PBMS, you can't blindly trust it. You need to look for these hidden, undisclosed, fees! By understanding these hidden costs, you can make more informed decisions about your healthcare plan and potentially save money.

Pharmacy Benefit Managers (PBMs) play a crucial role in setting drug pricing within healthcare plans. It's surprising that many plan sponsors are unaware of the significant impact PBMs have. Did you know that choosing a PBM that acts as a Fiduciary can benefit both the plan sponsor and participants? They prioritize setting drug prices in the best interest of the plan. Opting for a Non-Fiduciary PBM can lead to detrimental outcomes. Imagine compensating a CPA paid based on % of taxes paid or an Attorney compensated by the opposing party. How about paying your CFO based on company spending rather than savings – it's counterintuitive. https://lnkd.in/eBcEpyd6 #Healthcare #PharmacyBenefitManagers #Fiduciary #ERISA #PlanSponsorship