𝐋𝐨𝐨𝐤𝐬 𝐥𝐢𝐤𝐞 𝐢𝐭’𝐬 𝐭𝐞𝐚 𝐭𝐢𝐦𝐞... 𝐚𝐠𝐚𝐢𝐧 🍵🍵🍵 We’re deep in the trenches of renewal season, which means it’s the perfect time to spill the tea on the five hidden cost drivers quietly inflating your medical renewals. Today’s spotlight: 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐯𝐞 𝐅𝐞𝐞𝐬 Also known as retention fees, these are the behind-the-scenes costs that keep your health plan running—think staffing, technology, claims processing, record-keeping, customer service, programs, and more. ✅ Necessary? 𝘈𝘣𝘴𝘰𝘭𝘶𝘵𝘦𝘭𝘺 ❌ Transparent? 𝘕𝘰𝘵 𝘢𝘭𝘸𝘢𝘺𝘴 📈 Impact? They can add up 𝐟𝐚𝐬𝐭 So let’s 𝐃𝐈𝐕𝐄 into what’s actually included in these administrative fees—and more importantly, 𝘩𝘰𝘸 𝘵𝘰 𝘢𝘴𝘬 𝘵𝘩𝘦 𝘳𝘪𝘨𝘩𝘵 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘵𝘰 𝘬𝘦𝘦𝘱 𝘵𝘩𝘦𝘮 𝘪𝘯 𝘤𝘩𝘦𝘤𝘬 💡 #EmployeeBenefits #HealthInsurance #RenewalSeason #AdministrativeFees #CostContainment #BenefitsStrategy #HealthcareCosts #HR #BenefitsBroker #TEA #OpenEnrollment

To view or add a comment, sign in

Explore content categories