According to a recent research report from AM Best, employers have been using stop-loss insurance, which coincides with an increase of insurance revenues over the course of the last few years, as reported on by Business Wire. Since the passing of the Affordable Care Act (ACA), many U.S. employers have been looking for options for…
Read moreIn part one of this two-part post, we discussed how changes within the last few years have led to employers exploring their options when it comes to saving money and increasing flexibility and options for their health insurance. This is where self-funded healthcare plans come in. Additionally, we touched on the downside to self-funded plans…
Read moreSince the Affordable Care Act (ACA) was passed, employers have been exploring their options for providing healthcare for their employees. Changes and innovations in the pharmaceutical industry as well as in the medical field have led to healthcare claims that are higher than average and in some cases, catastrophic. Employers need better ways to mitigate…
Read moreThe Equal Employment Opportunity Commission enforces federal laws that prevent employers from discriminating against employees on the basis of race, gender, age, national origin, and so on. Every year there is a deadline that employers must meet when it comes to reporting the compensation details of all of their employees. There are currently over 70,000…
Read moreWhile most companies understand the importance of providing value to their customers and doing honest business with suppliers and partners, some don’t invest enough in their employees. A business with long term success will invest in their employees and their communities because we don’t just live in the community – we are part of it….
Read moreRecently, the number of employers who use high-deductible health plans (HDHPs) as their only option for employee healthcare benefits has been losing popularity. There have been changes in the labor market which has led to the need for employers to offer more attractive benefits packages for their employees. According to a recent survey by the…
Read moreHere in 2019, the U.S. Department of Labor has given all U.S. employers the option to auto-enroll their employees in disability insurance if they have a plan that is ERISA-covered. This regulation is quite significant and should be carefully viewed and understood by all employers. Disability benefits are meant to ensure that employees keep their…
Read moreRecently, the IRS added some chronic conditions to the list of preventative care benefits that are given with a high deductible health plan that do not require a deductible. The expansion was signed into law by President Trump in the summer of 2019. The expansion was an executive order by Trump designed to improve upon…
Read moreDue to all of the changes we’ve seen over the course of the last decade when it comes to workplace healthcare costs, it’s no surprise that employers are exploring every possibility they have available to them in order to try and save funds. One such possibility is to adopt High Deductible Health Plans (HDHPs). These…
Read moreBecause of all the changes happening in the health insurance industry due to the Affordable Care Act, many employers have been seeking different options for their company healthcare and their benefits programs that are available to their employees. We’ve discussed extensively how becoming self-insured is one of the most attractive options available to employers, but…
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