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Never fear. IBT Consulting is doing the research for you. Just keep an eye on this page for the latest information on healthcare, insurance, and overall wellness for you and your family. Because at IBT we truly believe that Education is Your Solution.

How to Read an Explanation of Benefits
Understanding an Explanation of Benefits (EOB) can be a daunting task, especially if you aren’t familiar with medical terminology or insurance jargon. However, it is essential to know how to read an EOB to make sure you are not being charged incorrectly and your...

The Importance of Purchasing Life Insurance
Life insurance is a financial product designed to provide protection to your loved ones in the event of your death. The policy pays out a death benefit to the beneficiary listed on the policy, which can be used to cover funeral costs, outstanding debts, and living...

Understanding the Difference Between Deductibles and Coinsurance
When shopping for health insurance, you will likely come across the terms “deductible” and “coinsurance.” These two terms can be confusing, but it's important to understand the difference between them to make informed decisions about your healthcare coverage. What is...

Preventative Care and Insurance Coverage: Why It Matters
Preventative care is a vital component of maintaining good health and preventing chronic illnesses. It refers to healthcare services designed to help individuals maintain their overall health and well-being by identifying and addressing health issues before they...

Why Employers Should Offer Pet Insurance to Employees
The COVID-19 pandemic has had a profound impact on the way people work and live. As many employees shifted to working remotely and spent more time at home, the bond between people and their pets has strengthened. Pets provide much-needed companionship and emotional...

Medicare Enrollment Challenges
Turning 65 is a major milestone in anyone's life. One of the things making it so significant is you become eligible for Medicare, the federal health insurance program covering people aged 65 and older, as well as those with certain disabilities. While Medicare can be...

Benefits of Purchasing Dental Insurance
Taking care of your teeth and oral health is essential for overall well-being. However, without proper insurance coverage, dental procedures and treatments can be expensive and it can be challenging to afford necessary treatments. Purchasing dental insurance helps...

Using Telemedicine for Your Employees
Telemedicine has become increasingly popular since the outbreak of the COVID-19 pandemic. Telemedicine involves the use of technology to deliver medical care remotely, allowing patients to receive medical advice and treatment from the comfort of their own homes. It’s...

An Overview of Self-Funded Health Plans
Healthcare costs continue to rise every year, leaving many individuals and employers searching for ways to reduce their expenses. One option gaining in popularity recently is a self-funded health plan. In this blog, we will discuss what self-funded health plans are,...

How the Affordable Care Act Affects Large Employers
The Affordable Care Act (ACA), also known as Obamacare, is a landmark healthcare reform signed into law in March 2010. One of the key provisions of the ACA is large employers are required to provide affordable health insurance coverage to their employees or face...

Benefits of a Level Funded Health Plan
A level funded health plan is a type of health insurance that combines features of both traditional insurance and self-insured plans. In a level funded health plan, the employer pays a fixed monthly premium, similar to a traditional insurance plan, but also sets aside...

How Self-Funded Health Plans Help Small Employers
Small employers face a number of challenges when it comes to providing health insurance to their employees. Rising healthcare costs and limited resources make it difficult for small businesses to offer comprehensive health benefits while still remaining competitive....

You Can’t Pay Less for Healthcare Unless You Pay Less for Healthcare
As impossible as this claim may sound, ask yourself a few questions. How do current health plans allow members to pay less for services? Have your employees paid cash for a service or prescription drug (Rx) and found that the cash pay price is lower than using your...
You Can’t Get Through This Life Alone
The following is an interview with Tammera Hollerich, IBT Consulting’s CEO and Executive Consultant, by Paul Wilson of Benefits Pro magazine in collaboration with NAHU's Vanguard Council.. TAMMERA HOLLERICH is the CEO and founder of Mirus3, which provides health and...

Long-Term Care Insurance
What is Long-term Care Insurance? It is designed to help pay for long-term medical and non-medical services that would otherwise be paid out-of-pocket. Some policies cover nursing home care, while others include coverage for an entire range of services such as care in...