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CAA 2023 Extends HSA Telehealth Relief for Two More Years

January 3, 2023

Congress passed an omnibus government funding bill at the end of 2022 titled the Consolidated Appropriations Act of 2023 to avoid a shutdown. One of the provisions affects HSA telehealth services by again extending HSA relief to consumers with High Deductible Health Plans (HDHPs). Consumers can receive first-dollar telehealth and remote care services and not …

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Top Healthcare Trends to come in 2023

December 19, 2022

Whether you are ready for it or not, the new year is coming and coming quickly. Below are major quick hitters you as an employer, advisor, or everyday Joe should be expecting in healthcare this coming year. Artificial Intelligence Artificial Intelligence (AI) is being used in healthcare to create systems that can accurately diagnose and …

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Prescription Drug Reporting: Consolidating the Takeaways

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 …

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Takeaways from the 2022 KFF Employer Health Benefits Survey

November 14, 2022

Kaiser Family Foundation (No affiliation with Kaiser Permanente) released its 24th annual survey of trends in employer-sponsored coverage. This survey is a great resource for benefits and financial professionals to better understand what’s happening in the employee benefits space, particularly among premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices. Increased cost …

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Takeaways from the 2022 KFF Employer Health Benefits Survey

October 31, 2022

Employer health insurance costs are rising, and employees at small companies bear a greater burden than their counterparts at large employers, according to the 2022 KFF Employer Health Benefits survey. On average, employees at small companies pay $2,000 more for family coverage and face deductibles that are $1,000 higher. This report highlights the disparities in …

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ASO vs Independent TPA

October 25, 2022

Yes, both are self-funding options, but what is the better solution for your high healthcare costs? Let’s first review the definitions. ASO (Administrative Services Only) – an arrangement in which a company funds its own employee benefit plan, such as a health insurance program while purchasing only administrative services from the insurer. This alternative funding …

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Leveling Up Your Open Enrollment Game: Tips for Success

October 11, 2022

For most employers, employee benefits represent a significant portion of their overall budget and a critical part of their employee recruitment and retention strategy. Benefits vary from employer to employer but can range from medical or dental insurance to flexible spending accounts, life and disability insurance, and more. The annual process of renewing those benefits …

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3 Ways to Offer Primary Care to Employees

October 4, 2022

Primary care is a hot topic today in employee benefits and the broader healthcare space. Let’s start by defining Primary Care as when an employee has a relationship with a team of medical providers to access urgent care, chronic care, preventative care, and more. The reason primary care is in the news today is that …

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How to Make the Most Out of Open Enrollment

October 3, 2022

Choosing the right benefits during open-enrollment season is so important and can help save money. It can also give individuals and families broader support with their health. Benefits like medical coverage are particularly important with high inflation having such a big impact on people’s budgets. A survey by UnitedHealthcare found that nearly 40% of employees …

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