AuctionsSep 18, 2026
7.52-Carat Unheated Paraíba Tourmaline Sells for $1.3M at Sotheby’s The top lot of the auction house’s Hong Kong jewelry sale was an Art Deco Mauboussin necklace with ruby beads, which sold for $2 million.
Brought to you by
What is your Health Care Coverage Strategy?
Health care coverage is a big expense for small businesses - find out how to lower costs long-term instead of every 12 months.
Brought To You By JewelersHealthCare
Health care is probably one the most expensive line items on your balance sheet. For decades now, small businesses have been conditioned to look at health insurance in 12-month intervals, instead of with a long-term strategical lens. What if there was a way to look at health insurance as a vehicle to sustainably lower long term operational costs?
Most employers have a strategy for growth, a strategy for sales, a strategy for their workers comp/business insurance and everything in-between, but not health insurance. Large companies have the resources and infrastructure on their side to help control health care costs. They also have carriers and brokers at-the-ready offering them preferential treatment, all while small businesses question if they can even afford to offer health insurance.
As a small business, it's understandable that you have not had the time or the resources to dedicate to establishing and adhering to a strategy to lower your health care costs. Luckily, you now have the tools and the expertise to do so! The question isn’t how do I pay the lowest amount over the next 12 months, but what do I do to consistently lower my long-term costs in the coming years.
One way to start lowering health care coverage cost is by looking at plan options like level funding. Level funding is an out-of-the-box risk financing vehicle that is a steppingstone between fully insured and self-insured options. Level funded plans typically include three main components: administrative costs, individual/aggregate stop loss coverage, and claims. (We know this sounds confusing; we promise to explain.)
Level-funded plans give small businesses the freedom and autonomy of self-insurance with the financial protection of a fully insured plan. The company funds their small claims to the carrier monthly at their maximum liability. If the insured exceeds that maximum, then the carrier steps in and covers the payments. This is known as your ‘stop loss’.
At year end, the carrier does an audit of the insured’s incurred small claims vs the amount that was funded throughout the year to see if there is a surplus or deficit. If there is a surplus the employer can receive some of the unused claim funds back! A team of proactive experts, a bundle of supplemental tools and employee educational content throughout the year can help you adhere to your strategy and see potential return of claim funds.
Level funded plans deliver several benefits for small employers: cost savings, plan design flexibility, less red tape bureaucracy, lower health insurance taxes (employer facing) and access to claims data. How can this help me realize the strategy I need?
Claims are basically the holy grail to determine whether your insurance carrier is profiting off your employees or whether you are costing them money. This is why most carriers refuse to share this information if you are a small business. When you have access to your claims, it makes creating a health care coverage strategy simple.
Level funded plans offer flexibility that is unmatched by its fully insured counterparts. There are less restrictions on what an employer can do with a level funded plan, offering you flexibility with plan designs. By having more freedom with a level funded option, you are more likely to have plan continuity year-to-year which would not restrict access to care for your employees. Furthermore, by funding your claims in small increments (without paying the fully insured overhead of an insurance carrier), you get increased flexibility with improved cash flows throughout the year. If those things weren’t enough, level funded plans also allow employers to lower their state health insurance taxes!
If you are a small business and are tired of the cookie-cutter overpriced fully insured options, level funding could fit your needs. At JewelersHealthCare, you have exclusive access to learn more about your health care coverage options and speak with a licensed consultant to see if level funding could help you build the right health care coverage strategy.
More on Independents
The Latest
Policies & IssuesSep 18, 2026
Tariffs, Retail Crime Top of Mind at JA’s Annual Fly-In Retailers and manufacturers headed to the Capitol this week to discuss tariff exemptions for diamonds and gemstones, among other issues.
CollectionsSep 18, 2026
Nanis Transforms Its ‘Boule’ Into a Mirror Our Piece of the Week is a pair of drop earrings from the “Sway” collection featuring Nanis’ first use of mirror-polished gold.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionExperience gemstones with greater precision and comfort than ever before.
GradingSep 18, 2026
De Beers Introduces Faster Version of Diamond Screening Machine SynthDetect 2 can scan a full tray in less than five minutes, De Beers said, making it six times faster than its predecessors.
Weekly QuizSep 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsSep 18, 2026
Noonans To Auction Medieval Gold Seal Ring Recovered By 2 FriendsTwo metal detectorists discovered the ring, which may have belonged to English noblewoman Matilda of Lancaster, in Suffolk.
Policies & IssuesSep 17, 2026
Tariffs on India Could Increase as Russian Sanctions Bill Heads to Trump’s DeskThe bill has a provision that allows the president to raise tariffs on countries that import Russian oil and gas to as much as 100 percent.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
Events & AwardsSep 17, 2026
This Is the Winner of the 2026 Robert M. Shipley AwardThe American Gem Society presented the annual award to a former president of its board.
CollectionsSep 17, 2026
Cynthia Erivo, Zoë Chicco’s Jewelry Collab Is an Ode to TransformationThe “Chrysalis” capsule centers butterfly motifs representing growth, transformation, and the unfolding of who you are.
Events & AwardsSep 17, 2026
Louisiana Retailer Kevin Patton Wins Lifetime Achievement AwardJewelers of Louisiana presented Patton, the third-generation president of Pattons Fine Jewelry, with the award at its annual convention.
PodcastsSep 16, 2026
Episode 9: Remembering Cindy EdelsteinTwo special guests join the podcast to commemorate the 10th anniversary of the designer advocate, mentor, and author’s untimely passing.
CollectionsSep 16, 2026
Jessica McCormack, L’Objet Collab on Homewares CollectionMcCormack brings sea-inspired motifs from her “Beaches” collection to L’Objet’s tableware, vanity pieces, and first-ever cutlery set.
CrimeSep 16, 2026
JSA Issues Warning to NJ Jewelers After Rash of Smash and GrabsNine New Jersey jewelers have been victims of smash-and-grab robberies this year, prompting JSA to circulate a list of recommendations.
MajorsSep 16, 2026
Midas Chain Releases ‘House of Midas’ Bridal CatalogThe new bridal catalog features the latest jewelry collections and designs from timeless classics to modern silhouettes.
EditorsSep 15, 2026
2026 Emmys Jewelry: An Either/Or Proposition Stars wore either a necklace or earrings at 78th Primetime Emmy Awards but rarely both, Natalie Francisco notes.
ColumnistsSep 15, 2026
The Levels Your Website Must Clear Before AI Recommends YouJennifer Shaheen compares this new era of AI-powered SEO to a video game: your website must clear one level before advancing to the next.
EditorsSep 15, 2026
Q&A: Signet Jewelers’ Joan Hilson on Diamond Demand, the HolidaysHilson, Signet’s chief operating and financial officer, discussed Q2, resurgent natural diamond demand, and why Blue Nile is a standout.
ColumnistsSep 14, 2026
Sherry Smith: Stop Waiting for December to Save Your ChristmasThe stores that have a great December are the ones that made good decisions in August, September, and October, Sherry Smith writes.
AuctionsSep 14, 2026
22 Carats of ‘Sunshine’ Are Up for AuctionThe 22.09-carat fancy yellow “Pragnell Kimberley Sunshine Diamond” is part of the fall jewelry sale at Heritage Auctions.
IndependentsSep 14, 2026
Greenwich St. Jewelers to Unveil Photography Exhibition“Adornos: Jewelry, Memory & What We Pass Down” honors the jewelry’s importance to New York City’s Latine communities.
SourcingSep 14, 2026
Gemfields Sells All Lots at First Emerald Auction in 9 MonthsThe company’s managing director of sales said the results demonstrate “continued strong demand for commercial-quality emeralds.”
SourcingSep 14, 2026
Diamonds Do Good Pledges Support for Eye Care ProgramThe nonprofit awarded a grant to the Gift of Sight initiative spearheaded by South African musician Black Coffee.
CollectionsSep 11, 2026
A Sapphire ‘Stardust’ Ring From Greenwich St. Jewelers The Latine-owned New York jeweler is marking two milestones this year: its 50th anniversary and the 25th anniversary of the 9/11 attacks.
MajorsSep 11, 2026
The Wishing Place by JTV OpensThe jewelry retail broadcast network has sponsored a new space for Make-A-Wish East Tennessee on its campus in Knoxville.
Events & AwardsSep 11, 2026
The Edge Awards Scholarships to 2 Young Jewelry ProfessionalsThe recipients were recognized at the 24 Karat Club of the Southeastern United States’ annual banquet.
MajorsSep 10, 2026
Lagos Founder Steven Lagos Steps Down as CEO Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.
