In 2021, we’re seeing a unique economic environment. Supply chains have been affected by the pandemic and a few industries experienced weather-related setbacks. This, along with the new challenge of a labor shortage, is not allowing supply to keep up with demand, which leads to inflation.…
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WisMed Assure, Society name Michael Flesher new CEO
The Wisconsin Medical Society Board of Directors has named Michael Flesher as its CEO. Mr. Flesher will also serve as the CEO of Wisconsin Medical Society Holdings Corporation. Starting June 6, Mr. Flesher will replace Bud Chumbley, MD, who is retiring after five years as CEO.…
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Cyber Incidents on the Rise
As noted in the Winter 2022 Antidote article exploring cyber liability trends, cyber incidents are on the rise - ransomware especially.…
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Your life has only 3 planning scenarios
You’ll either have a long life, health problems along the way or a short life. That’s it.
Plan for those three situations whether you’re single, married, with or without kids and most of your planning is done. Let’s look at how to plan for each.…
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HSA – the triple attack!
As many independent physicians know, health insurance costs are high – and keep climbing! To help alleviate some of these increases, we suggest using strategies like Health Savings Accounts (HSA) and Health Reimbursement Accounts/Arrangements (HRA). …
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Is your group disability insurance good enough?
This is the perfect time to evaluate your disability protection, determining if you’re adequately covered and address any potential holes or gaps in your coverage.…
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Hybrid Policies Shine in Addressing Long-term Care Concerns
Despite long-term care insurance being so costly, I remain steadfast that long-term care protection is paramount to your financial plan! The facts speak for themselves; longtermcare.gov and the AARP agree, 70 percent of people 65 and older will require long-term care and meeting that need will continue to become more expensive.…
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Cyber Liability Trends Continue in 2022
As companies shifted to more virtual work, cybercriminals took advantage of every slight vulnerability. So, let’s review some cyber security basics, specifically focusing on why health care professionals and organizations are the most vulnerable to cyberattacks, what their greatest vulnerabilities are and what risk mitigation you must have in place to even qualify for insurance these days.…
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Your 2022 Tax Strategy
Tax laws feel like stepping into quicksand lately, don’t they? Trying to understand if, when and how the tax laws will change can make you feel like the floor will fall out from under you at any moment. (Particularly at tax time.)
This is especially true if you’re a high earner or have accumulated a significant nest egg. …
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Lower Health Insurance Costs with Strategy and Unique Offerings
I had the chance to help create another opportunity for health care providers, the Wisconsin Medical Society Welfare Benefit Trust (WMSWBT) or the Association Health Plan (AHP). This year I was able to negotiate with our carrier partner, WPS, to lower our rates for all new groups. This has shown significant cost reductions for groups by decreasing their premium rates (up to 40% for some areas).…
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