Spotlight of the Month on Difference Card Broker Partner, Joanna Wolf
Congratulations to Joanna Wolf, of HUB, for being recognized as the Difference Card Broker Partner of the Month for December 2022! Joanna Wolf is a Vice President at HUB International in the Pittsburgh, Pennsylvania market. Joanna partnered with Rachel Wilburn from The Difference Card team to help several employers reduce their health insurance renewals, while […]
Read MoreIncreased Interest Rates for Difference Card HSAs Will Take Effect January 1, 2023
The Difference Card is committed to providing our partners with market-leading HSA solutions. In this spirit, we are pleased to announce that higher interest rates are coming to all Difference Card HSA account holders. This change benefits account holders with HSAs custodied by Difference Card, for both the Traditional and High-Yield interest options. Discover Our […]
Read MoreDecember Case Study: Charter School Client Saves $179,075 on Renewal!
Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, the Difference Card helped a charter school build the most cost-effective healthcare plan for their December renewal. The client was receiving a 43.5% renewal increase from Highmark BCBS. The firm’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal, […]
Read MoreSpotlight of the Month on Difference Card General Agent Partner, Michele Dilanni Gentile
Congratulations to Michele Dilanni Gentile, of BenefitMall, for being recognized as our Broker and General Agent Partner of the Month for November 2022! Michele Dilanni Gentile is a Key Account Manager at BenefitMall in the New York market. Michele partnered with Emily Coughlin from The Difference Card team to help a nonprofit employer group with […]
Read MoreHow to Offer and Set up an HSA for Employees
Traditional group health insurance costs have risen steadily over the years, making high deductible health insurance plans with health savings accounts (HSA) a more attractive option for employers and their workers. Many companies are beginning to offer employer-sponsored HSAs to help employees cover healthcare costs. HSAs are a type of personal savings account individuals can […]
Read MorePCORI Fees Announced for 2023 for Self-Insured Health Plans
Patient-Centered Outcomes Research Institute (PCORI) Fees Updated by IRS On November 14, 2022, the IRS released Notice 2022-59 which updated the amount of the Patient-Centered Outcomes Research Trust Fund fee that self-insured health plans must pay for plan years ending on or after October 1, 2022, and before October 1, 2023. The applicable dollar amount […]
Read MoreDifference Card Digest: Looking Back at Q3
Quarterly Updates from The Difference Card Meet the New CEO of The Difference Card! In September, we welcomed Jospeh Donavan to The Difference Card to serve as Chief Executive Officer. Read his Welcome Letter Featured Case Studies Every month, we highlight an industry that achieved great savings with The Difference Card. Auto Group Client Saves $334,397 […]
Read MoreNovember Case Study: Non-profit Client Saves $1,152,015 on Renewal & Improved Benefits Using The Difference Card
Using our proprietary MERP (Medical Expense Reimbursement Plan) strategy, the Difference Card helped a non-profit build the most cost-effective healthcare plan for their November renewal. The client was receiving a 22.8% renewal increase from Emblem. The firm’s Health Insurance Broker engaged The Difference Card to help with a solution to reduce this renewal and IMPROVE […]
Read MoreAttracting Top Talent & Reducing Employee Turnover with Better Benefits
The #1 driver of retention is benefits. Executives share the top three factors that are driving employee retention at their company: 1. 34% said benefits were most important factor 2. 31% said a “Strong sense of culture” 3. 29% said “Belief in the senior leadership team” Other responses included: Career mobility (21%), Salary (17%), and […]
Read MoreHow to Increase Employee Engagement Through Benefits Technology
It’s no secret that employee benefits can be complicated — for both the employee and employer. Between health insurance enrollment, costs, selecting benefits and completing forms, it’s no wonder many employees are less engaged with benefits overall. As an employer, it’s important to know how to explain benefits to employees so they can make well-informed […]
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