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Wright State University PageS 10
A student visited Nancy’s office following a hiking incident where he had fallen down a cliff. Nancy worked with him for three months to navigate the expenses that followed the accident. “The end result was that he didn’t have a whole lot of outof-pocket expenses because he was covered through our student insurance health plan,” said Nancy. “He was able to stay in school and focus on his classes without being worried about accumulating medical debt.”
With access to affordable coverage, students can focus on their classwork and other elements of campus life instead of worrying about how to get and pay for the care they need. When campuses prioritize their students’ health, the students in turn, will feel empowered to as well.
That’s one of the reasons why Wright State is introducing Togetherall as part of their student insurance offerings. Togetherall is a clinically moderated, online peer-to-peer mental health community that empowers students to anonymously seek and provide support in a safe and welcoming environment. Nancy believes this will bridge the gap and help students find a reliable resource in a safe and welcoming environment.
Centralizing health services can make it easier for students to understand their insurance coverage options and how to access care. “Having a partner like HORAN to help us navigate student insurance— starting with the RFP and all the way through implementation—was key,” said Nancy. “Before this partnership, I had to interact and negotiate with the insurance companies myself, which took a tremendous amount of time. Now I get to spend most of my time doing what I enjoy the most—working directly with the students.”
“I’m proud that we are able to offer one of the lower cost programs in the state that provides more comprehensive benefits than if students were to shop the marketplace independently,” said Chris. “HORAN has been there to help us navigate all the different options in the world of insurance and as complex as it can be, I’m confident that we offer the best plan possible to our students.”
11,000
CURRENT ENROLLMENT
300+
ACADEMIC PROGRAMS
health.wealth.life.
TRENDING NOW CELEBRATING FOUR YEARS OF THE HORAN PODCAST WITH OUR TOP FOUR MOST DOWNLOADED EPISODES
HORAN is celebrating four years of the “Benefits: What, Like it’s Hard” podcast by sharing our top four most downloaded episodes. The podcast shares helpful benefit insights as well as tips to improve physical, financial and mental wellness. We are also proud to share that the podcast has been named the number two health insurance podcast in the country for the past three years.
Be sure to listen and share the episodes below and subscribe to the podcast on your listening app of choice (available on Spotify, Apple Podcast, Stitcher & Google Play).
#1 How Does Medicare Work with Nate Epp
An overview of all things Medicare including what it is, who it’s for, how it works and much more.
bit.ly/MedicareWithNateEpp
#2 The Importance of Mental Health with Rakel Keane
A conversation on the importance of maintaining good mental wellbeing and tips on how to do so.
https://bit.ly/ImportanceOfMentalHealth
#3 The Basics of Investing with Matt Antenucci
An overview of investment options and how to get started.
https://bit.ly/InvestingWithMattAntenucci
HORAN Capital Advisors, LLC., an SEC Registered Investment Adviser.
#4 Behind the Scenes: Dependent Care FSAs with Amanda Hall
We discuss how to leverage Dependent Care Flexible Savings Accounts to help pay for childcare expenses.
https://bit.ly/DependentCareFSAs
Retirement Meditation #2: Do I Spend
More Time Planning Vacation or Planning for Retirement?
My wife and I use to pick one Saturday morning in February to spend several hours planning our annual summer vacation. Twelve years into our marriage, we had an “a-ha” moment and adjusted the purpose of these planning sessions.
The “a-ha moment” came to us during a year in which the economy was down. We discovered deep travel discounts, and we could not come to an agreement on just one destination.
Eventually, we agreed on two vacations—a spring break trip plus our normal summer getaway. Even with two vacations planned we still had not spent our entire travel budget allocated for the year.
Noodling how to spend the remaining funds, I looked over our retirement account statements. The struggling economy was also adversely affecting our investments. It occurred to me that we were not focused strategically on retirement planning and were only contributing enough to obtain our employers’ match.
We rededicated our February Saturday morning to focus on annual retirement planning. For us, it’s more than crunching numbers. We update a dream book (think bucket list) that admittedly has become more realistic and grounded as we mature. We review our budget and our account statements. We use tools available through our 401(k) providers as well as through general finance websites. And we make adjustments year-over-year based on where we stand currently and where we want to be at retirement.
Are you spending more time planning for that week-long vacation or your future retirement?
Each week Paul A. Carl, CHSA, CPFA™ Vice President, Retirement Plan Consulting, Registered Representative, writes a new thought-provoking article for his blog aptly named “52 Meditations on Retirement”.
Above is one of Paul’s first posts in which he discusses why he and his wife re-directed energy they use to spend planning trips into planning for their retirement.
You can subscribe to receive Paul’s weekly posts by visiting www.horanassoc.com/insights. While you’re there check out HORAN’s other blogs on the following topics:
• Market Commentary • Health Benefits Compliance • Estate & Tax Planning • Campus Health
Securities offered through Horan Securities, Inc. (“HSI”), a dually registered investment firm, member FINRA | SIPC.. HORAN Wealth Management (“HWM”) is the associated SEC Registered Investment Advisor. HORAN Capital Advisors (“HCA”), an affiliated investment advisory firm, is also an SEC Registered Investment Advisor. Horan Securities, Inc., Horan Wealth Management, and HORAN Capital Advisors are part of HORAN, located in Cincinnati, Ohio. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HORAN Securities, Inc and its affiliates do not provide tax, legal or accounting advice. Please see the SEC Investment Adviser Disclosure hub for our Client Relationship Summary and Forms ADV 1&2. Always check on who is managing investments at FINRA’s BrokerCheck. For free investment educational information, visit the SEC’s Investor.gov website.
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Q LABORATORIES Q Laboratories & A Culture of Improving Employee Lives
Q Laboratories was founded in 1966 by Herbert Quinn. He operated a small microbiology laboratory in the basement of his home, primarily testing water samples for his former employer, Procter & Gamble.
Michael Knight bought the firm in 1985, establishing the analytical chemistry department and providing the firm with the opportunity to expand its services. Fifteen years later, Dave Goins purchased the firm, becoming the Laboratory Director. Dave’s passion for chemistry and his respect and appreciation for his employees helped the business grow.
“Dave’s priority was to take care of the people first. It created a strong foundation for our current employee culture,” said Fran Nunan, Vice President of Human Resources at Q Labs.
When Dave was seeking an investor group to purchase the firm, he was seeking a leader who shared his value of prioritizing employees and their families. He found that in current President, Jeff Rowe.
The transition officially took place on January 1, 2017, and the first order of business was to fulfill Dave’s vision of building a new lab, which opened in 2018.
Q Labs is now a $22 million laboratory serving the food, cosmetic, pharmaceutical, health & beauty care, medical device and dietary supplement industries. Their growth can be attributed to numerous factors.
“We got very clear on the areas that we wanted to focus on and cultivated relationships with our clients so they could understand our full scope of testing services,” said Fran. “One of our biggest differentiators is that our clients can talk directly to a scientist if they have a question or need support. That is one of the benefits of working with our lab."
Hiring the right people is another factor that contributed to their growth.
“We offer unique career advancement opportunities to our team because we are very focused on developing the entrepreneurial spirit of our employees,” said Lauren Williams, Senior HR Generalist at Q Labs. “For us to treat our clients right, we have to treat our employees right first." Having flexibility in benefits and policies is important to Q Labs, especially with recruiting a large entry level workforce that may not utilize health benefits right away. Q Labs strives to offer a competitive benefits package that provides flexibility to their workforce while controlling costs.
“The first action HORAN took for us was to determine how competitive we were in the local market through a benchmarking process,” said Lauren. “This provided us with the opportunity to evaluate and add services to address our employee population’s specific needs such as student loan resources and identity theft protection."
“We’ve worked with other brokers in the past, but have always come back to HORAN,” said Fran. “The HORAN team is proactive and brings many solutions to the table for us to consider. Their level of service goes beyond traditional consulting. They help us enhance our employee experience through education and engagement, which goes a long way in maintaining our culture of caring for our employees,” added Lauren.
