Tag

benefits enrollment

Oct 12

Know Your Numbers: How Fingerstick Biometric Screenings Help Your Team

By Employee Benefits
Many serious health conditions develop quietly. People can feel fine for years while their blood pressure, cholesterol or blood sugar slowly climbs. Biometric screenings help employees catch those changes early. With fingerstick screenings, your team can learn their key health numbers in minutes, right at work. The Hidden Cost of Unknown Health Risks The Centers for Disease Control and Prevention (CDC) estimates that about one in three U.S. adults has prediabetes. More than eight in 10 of them do not know it. Similar gaps exist for high blood pressure and high cholesterol. These conditions often have no symptoms until they…
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Jan 13

Overlapping Programs and Gaps in Coverage – A Kapnick Case Study

By Business Insurance, Case Studies, Employee Benefits
Managing multiple insurance brokerages can lead to overlapping programs, gaps in coverage, and inefficiencies. A commercial and residential property developer faced these challenges with separate brokers for Employee Benefits, Private Risk Management, and Property & Casualty insurance. Kapnick stepped in to provide integrated insurance solutions for developers, streamlining their coverage and delivering innovative remedies. PRIVATE RISK MANAGEMENT: STREAMLINING COVERAGE The developer’s private risk management program had inadequate liability limits, uninsured assets, and overlapping coverage. Kapnick’s Solution: Consolidated the insurance program to simplify billing and renewals. Broadened coverage by transitioning to a high-net-worth specialist insurer. Conducted replacement cost assessments and eliminated coverage…
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Jun 22

$1.4 Million in Saving Through Benefit Plan Consolidation – A Kapnick Case Study

By Case Studies, Employee Benefits
Managing segmented benefit plans across multiple locations can be a significant challenge for manufacturers. A new client in the automotive parts manufacturing industry, with approximately 1,000 employees, faced this exact issue. With segmented plans across three locations, a mix of union and non-union workforces, and complacent brokers, they were hit with a 25% premium rate increase upon renewal. Kapnick stepped in to provide a proactive solution, demonstrating the value of consolidated benefit plans for manufacturers. THE PROBLEM: SEGMENTED BENEFIT PLANS AND RISING COSTS The manufacturer’s segmented benefit plans, combined with brokers who failed to utilize claims data or address risks, led…
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Jun 01

Employee Engagement Across State Lines – A Kapnick Case Study

By Case Studies, Employee Benefits
This case study highlights how a large property management group improved employee engagement and benefits enrollment with Kapnick's help. By addressing challenges caused by a dispersed workforce, Kapnick implemented solutions that boosted engagement and doubled benefits participation. THE PROBLEM A Michigan-based property management group with full-time and part-time employees spread across Southern and Midwestern states struggled with poor employee engagement and low benefits enrollment. The dispersed nature of their workforce made communication and engagement difficult. THE NUMBERS 70% of employees are not engaged. High engagement increases operating income by 19.2%, while low engagement can cause revenue to drop by nearly…
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