Your business is nothing without your staff. Most companies don’t do enough when trying to set the right working conditions and incentives for employees. One of the best ways to ensure that your staff enjoys the work environment is to create an appropriate employee insurance policy so as to give them a sense of security. Advantages of Employee Benefits for your Firm 1. A lower turnover rate As a business owner, you want to hire the right people for the job and keep them there for as long as possible. This is best way for your company to progress and realize its objectives. So that you can ensure that your best employees never leave, you have to give them incentives. Provide them with health insurance since affordable healthcare is one of the biggest concerns. When you create a retirement plan for them, you guarantee them their future after retirement. Nothing makes a worker feel more relaxed like knowing that they have savings that they can use after they retire. When … [Read more...] about Why Investing in Employee Insurance Benefits Your Company
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Maria Cramer Globe Staff February 22, 2019 Insys Therapeutics employees quickly learned the best tactics for tricking insurers into approving payments for the company’s powerful Fentanyl spray, a former company manager testified Friday against former company executives in a landmark racketeering trial.Employees of the company’s reimbursement center, an office dedicated to persuading insurers into paying for Subsys, Insys’s signature painkiller, learned the names of other medications patients needed to have tried and failed before they could be approved for Subsys. They told insurers that a patient had found a host of pain medications ineffective without knowing anything about that patient’s history with other painkillers, Elizabeth Gurrieri, a former manager of reimbursement services for Arizona-based Insys, testified in federal court in … [Read more...] about Insys’ scheme to deceive insurance companies detailed
BOSTON – A physician convicted of fraudulently billing Medicare and private insurance companies while operating a “dangerous pain management practice” and dispensing large quantities of narcotics to addicted patients was sentenced to more than 6 years in prison and ordered to pay $1.8 million in restitution.Moustafa Moataz Ibrahim Aboshady, 36, of Lake Forest, Calif., was found guilty of one count of conspiracy to make false statements in connection with health care benefit programs and two counts of making false statements in connection with health care benefit programs by a federal jury in September.He was sentenced Wednesday by U.S. District Court Judge Nathaniel M. Gorton to 75 months in prison, three years of supervised release and ordered to pay restitution in a scheme to conspire to falsify patient medical records to obtain insurance payments for medical services that were not performed, said Christina DiLorio-Sterling, spokeswoman for U.S. Attorney Andrew E. … [Read more...] about Physician sentenced to 6 years in prison for operating ‘dangerous pain clinic,’ bilking insurance companies
Bill Moak Consumer Watch Published 6:00 AM EST Nov 12, 2018 Health care has become a big issue for many Americans over the past few years. As the costs of health care continue to rise, families without health insurance are looking for ways to afford those costs. That can make them vulnerable to companies that take their money without providing needed services. This week, the Federal Trade Commission requested that a federal judge shut down a Florida-based operation that it accused of collecting more than $100 million “by preying on Americans in search of health insurance, selling these consumers worthless plans that left tens of thousands of people uninsured.” In a news release, the FTC accused Simple Health Plans of “misleading customers into thinking they were buying comprehensive health insurance” but instead provided little in exchange for the $500-per- month cost. Many customers found themselves holding the bag for thousands in unreimbursed medical … [Read more...] about Is that health insurance company a sham?
Madison O'Connor Lansing State Journal Published 1:57 PM EDT Oct 19, 2018 Greater Lansing is associated with Michigan’s capital, home to government employees and lobbyists. It's associated with General Motors and manufacturing jobs. It's home to Michigan State University. Yet many don’t realize the insurance industry plays a huge role in region's economy. With 10,000 people working in the insurance industry in the mid-Michigan region, local business leaders believe Lansing could be considered the state's insurance hub and capital. There are six insurance companies headquartered in the area: Jackson National Life Insurance Co., AF Group, Delta Dental, Auto-Owners Insurance, Farm Bureau Insurance of Michigan and Michigan Millers Mutual Insurance Co. “As big as they are, their story has largely been untold," said Mark Fisk, spokesperson for the Insurance Alliance of Michigan. "We often find people are surprised about the enormous … [Read more...] about Greater Lansing has become an insurance capital with 6 firms, 10K jobs