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Employee Benefits

UNLOCKING THE POTENTIAL OF ALTERNATIVE RISK FUNDING

By Business Insurance, Employee Benefits
In the complex arena of organization strategy, navigating through the myriad of risk management options is fundamental. Beyond the realm of conventional insurance lies a landscape rich with alternative risk funding solutions, designed to revolutionize not just the insurance industry but also the way organizations manage both commercial insurance and employee benefits. This brief guide illuminates the pathways through self-funded insurance, captives, risk retention groups (RRGs), and stop-loss policies, offering simple explanations on how each model could potentially to fortify your organization against uncertainties.   (more…)
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Announcing A New Addition to our Team, Bill Riegner

By Employee Benefits, Kapnick News
Kapnick Insurance is proud to welcome an esteemed new team member, Bill Riegner, as a Client Executive in their Employee Benefits division. Bringing a decade of industry expertise—including seven years as an Employee Benefits (EB) consultant focusing on middle-market organizations — Bill is set to bring the Kapnick experience and strategies to more organizations, with a keen focus on supporting their employees and dependents. Bill has forged a respected career by offering thoughtful and personalized benefits guidance. Known for his dedication to improving the benefits experience for members and implementing impactful financial solutions, he exemplifies the client-first ethos that stands…
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Kapnick Insurance Announces New EB Producer, George Spanopoulos

By Employee Benefits, Kapnick News
Kapnick Insurance, a leading name in bespoke insurance solutions with a reputation for stellar customer service, is excited to welcome George Spanopoulos on board as a new client executive for employee benefits. With a rich background as a financial advisor, specializing in municipal pension systems, and experiences spanning commercial and retail lending to entrepreneurship, George has consistently demonstrated a profound dedication to financial planning and asset allocation for business leaders. Holding a finance degree from Wayne State University, George is a lifelong learner, always aiming to leverage his deep industry knowledge for client benefit. "I’m beyond excited to join the…
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Understanding PEOs and Their Role in Funding Employee Benefits

By Employee Benefits
Professional Employer Organizations (PEOs) have emerged as a vital solution for businesses looking to streamline their employee benefits management. By partnering with a PEO, companies can effectively outsource the administration of employee benefits, payroll, workers' compensation, and other HR tasks. This co-employment model may allow businesses to offer a broader range of benefits, and possibly at a lower cost due to the PEO’s purchasing power. However, there are trade-offs that exist due the loss of some control. (more…)
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Elevating employee health: Kapnick Strive can help with preventive care

By Employee Benefits
In a time when our schedules rival rush-hour traffic, taking a moment for a well-visit might seem like a low priority. Yet, these check-ups hold the key to employee well-being and, can ultimately impact a company's success. How do we encourage employees to conquer these challenges and prioritize well-being? Enter Kapnick Strive. Kapnick Strive is a worksite well-being program that bridges the gap between good intentions and action. With robust communication campaigns, onsite screenings, and educational opportunities, Strive is designed to make preventive care top-of-mind for employees. By bringing these resources directly to the workplace, Strive eliminates barriers such as…
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Leveraging Employee Benefits for Mental Health: A Roadmap for Employers

By Employee Benefits
Addressing the mental health and emotional well-being of employees is a crucial aspect of modern corporate culture. Companies are increasingly understanding that happy and mentally fit employees are essential for creating a productive and positive working environment. One way to achieve this is by offering employee benefits designed to support their mental health. These benefits not only help to prevent burnout and reduce stress but can also foster a workforce that is more engaged, resilient, and satisfied. (more…)
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Kapnick Insurance Welcomes New Employee Benefit Client Executive, Geoff Finger

By Employee Benefits, Kapnick News
Kapnick is pleased to announce the addition of Geoff Finger to our team as an Employee Benefit Client Executive, based out of the Troy office. Geoff brings with him an impressive track record in the industry, having served clients of all sizes and from diverse sectors. His extensive experience and creativity make him a valuable addition to Kapnick's growing team. Geoff shared his excitement about joining the Kapnick team, saying, "I'm thrilled to be part of Kapnick Insurance. The opportunity to grow professionally in a place where I can truly serve clients is invigorating. What really drew me to Kapnick…
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The Transformative Impact of Claims Reviews with Kapnick Lens

By Employee Benefits
In the intricate maze of employee benefits management, claims reviews are essential. Far from being mere administrative tasks, these reviews serve as strategic tools that enable the seamless management of employee benefit programs. Benefits of Claims Reviews Some of the important benefits that claims reviews provide include: Set the stage for the creation of benchmarks and targets that resonate with both the organization and its employees. Allow for the development of custom benefit designs tailored to these benchmarks and targets. Identification of core administrative services, assessment of vendor performance, and cultivation of productive vendor relationships. Aid in the day-to-day administration…
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Securing the Future: How Insurance and Employee Benefits Can Propel Non-Profits Forward

By Employee Benefits
In the ever-evolving landscape of non-profit organizations, financial uncertainty and safeguarding the health of the organization are paramount. Unforeseen circumstances can strike at any moment, negatively impacting the financial resources, tarnishing the reputation, and increasing the difficulty of fundraising and recruiting staff. At Kapnick, we take a one firm approach to insurance and benefits and can use our holistic approach to help your non-profit address future trends. (more…)
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