Employee Advocacy Case Study – Carrier Confusion

RMC GroupHealth and Benefits

Employee Advocacy

Employee Advocacy Employer-sponsored health insurance and group benefits can be confusing. It is important to have trusted advisors available to assist plan participants in understanding their coverage and navigating the claims process. RMC’s employee advocacy team is a live resource available to assist plan participants with any questions or issues they may experience while using their coverage. Below is a … Read More

Pharmacy Benefit Management and Prescription Formulary

RMC GroupHealth and Benefits

Pharmacy Benefit Management

Selection of a pharmacy benefit manager (PBM) and management of the prescription formulary are important elements of the cost containment strategy in a self-insured health plan. Cost of Prescription Medications Prescription medications represent a large percentage of the total cost of employer-sponsored health insurance.  In self-insured plans, prescriptions are often responsible for 30% or more of total claims costs.  However, … Read More

RMC Group Company Profile

RMC GroupPress Release

RMC Group Company Profile for Agents

Work in synergy with RMC’s cutting edge products and services As an insurance agent, accountant or financial professional, you have access to RMC Groups’ complete suite of products, services and technologies. Explore our new company profile to discover risk management, insurance and employee benefit services that enhance your practice while meeting your client’s business needs. Link to Company Profile for Agents Click here for the full report.

Is Socially Conscious Investing a Breach of Fiduciary Duty?

RMC GroupRetirement Plans

Socially Conscious Investing

On June 23, 2020, the Department of Labor issued a proposed rule addressing the circumstances under which a fiduciary of a qualified retirement plan can base investment decisions on socially conscious factors. What is Socially Conscious Investing? Socially conscious investing, otherwise known by the acronym ESG, is a form of investing designed to promote social goals.  Under an ESG strategy, … Read More

FAQ for Guidance on COVID-19 Legislation

RMC GroupTechnical Memorandum

Department of Labor FAQ

The Department of Labor, Health and Human Services, and Treasury Provide Further Guidance on COVID-19 Legislation  Since the enactment of the Families First Coronavirus Response Act (FFCRA) on March 18, 2020, the Department of Labor, the Department of Health and Human Services and the Department of the Treasury have released a series of Frequently Asked Questions (FAQs) to guide employers … Read More

Understanding Term Life Insurance

RMC GroupLife Insurance

term life insurance

Term life insurance can help you ensure the financial security of your loved ones after your death.  It carries an expiration date, but there are options for you to continue your coverage. Term Life Insurance Works A term life insurance policy pays a death benefit to your beneficiaries if you die during the term of the policy. The policy can … Read More