The Internal Revenue Service is finally issuing penalty letters to employers who failed to provide health coverage in compliance with the employer shared responsibility provisions of the ACA for the 2015 tax year. Some letters may describe a no coverage excise tax while others may assess an excise tax for failure to provide “adequate or [...]
While plenty of folks talk about value based, or reference based, pricing as though it’s a fad that has come and gone, we’re finding more interest from employers all the time. This may be because many like to brand it as another form of disruption, but regardless of how you brand it, value based pricing [...]
This article was published on August 7, 2018 on Employee Benefit News, written by Corte Larossi. We all know that making changes to your health plan can have major consequences for your company. It can impact your medical costs and company bottom line, the health and welfare of your employees, employee satisfaction and performance, as [...]
After decades of preaching to workers about the importance of staying fit and physically healthy, the term worksite wellness is beginning to mean much more to employers and employees alike. Leading companies are expanding their workplace wellness initiatives to address mental health and financial security – key components of their employee’s overall well-being that go [...]
This article was published on July 26, 2018 on BenefitsPro, written by Greg Land. Photo Source: BenefitsPro. On Wednesday, the House of Representatives adopted two health care bills, H.R. 6199 and H.R. 6311, that expand tax-advantaged health care accounts, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). Previous versions [...]
Yesterday, the House passed two bills that would expand HSA coverage: The Restoring Access to Medication and Modernizing Health Savings Accounts Act of 2018 (HR 6199) This Act would: Allow plans flexibility in providing first dollar coverage up to $250 for a single and $500 for a family for additional services, such as those related [...]
You Can't Manage What You Don't Measure! With a self-funded healthcare plan and a good, independent TPA, access to claims data is standard operating procedure. Even more important, a good TPA like Diversified Group has the expertise to convert your data into intelligent, actionable strategies to manage your plan, monitor performance and modify plan design [...]
This article was published on July 18, 2018 on Employee Benefit News, written by Cort Olsen. Photo Source: Employee Benefit News. The number of million-dollar medical claims has nearly doubled, with cancer care remaining the most costly health condition, according to a new Sun Life Financial report. Cancer made up $798.7 million in reimbursements to [...]
This article was published on July 17, 2018 on Employee Benefit News, written by John Kern. Photo Source: Employee Benefit News. In my 25 years in the insurance business I’ve seen many changes. But there’s always been one constant: Healthcare and pharmacy costs continue to accelerate and no regulatory action has been able to slow [...]
Diversified Group continues its efforts to bring a revolutionary perspective and innovation to employee healthcare. With the recent launch of our monthly email newsletter, Healthcare Uncensored, we are attempting to break down the walls of healthcare complexity and shed light on the confusing state of employee health benefits. Each issue addresses and openly discusses a [...]
