April 25, 2023
Healthcare vs. Health Insurance What is the difference? Healthcare refers to the range of services and treatments provided by medical professionals to diagnose, treat, and prevent illness and injury. Healthcare services may include physician consultations, hospital care, surgeries, medical tests, and therapies, among others. On the other hand, health insurance is a financial product that …
March 7, 2023
We look at a number of strategies to help employers lower their health insurance costs. One of these are Spousal Surcharges and Spousal Carve-outs. Let’s explore each of these in greater detail and as always, you can schedule a complimentary call with an advisor to discuss these in greater detail. A Spousal Surcharge increases the employee contribution to …
December 5, 2022
Listen up everyone! The following is an outline of the new required drug reporting law and how you as an employer, provider, or producer are impacted whether self-funded or fully insured. The law requires group health plans and health insurance issuers offering group or individual health insurance coverage to annually submit to the Departments of …
January 5, 2022
While we spend time here discussing healthcare and cost trends impacting group health plans, we do also spend quite a bit of time working with our group clients to keep them compliant with the various federal, state, and local laws and regulations surrounding employee benefits. Webinar on 1/20: Benefits Compliance in 2022: Preparing for a …
December 1, 2021
As we hurtle towards 2022 and wrap up open enrollments for many of our groups, we’re seeing some continuing trends as well as new ones. With the end of the year upon us and the corresponding flood of lists out there, we figured “Why not add one more?” and put together our predictions for benefits …
November 18, 2021
Much has been said about declining birthrates throughout the developed world. The CDC has found that the US had its lowest birth rate in over 30 years as of 2018. The effects of this are not just the longer people are waiting to have children, but also fertility issues. And these issues are well known …
March 11, 2021
The $1.9 trillion coronavirus relief package, the American Rescue Plan Act of 2021 (H.R. 1319) was passed by the U.S. House of Representatives and signed into law this week. The bill is enormous and includes funding and provisions for many facets of the U.S. economy. Specifically, this post will cover the key provisions that support …
March 11, 2021
KFF Health Insurance Marketplace Calculator The Kaiser Family Foundation (Kaiser Permanente) provides helpful interactive tools and has updated their Subsidy Calculator. with subsidy changes in the American Rescue Act of 2021 (COVID-19 Relief). Check it out through the above link to find out if you qualify for a 2021 premium subsidy after the changes to …
