With research showing that the average cost of healthcare surpassed $11,000 per employee in 2015, stretching every healthcare dollar is a must. Since self-funding is the foundation from which so many cost control strategies emerge, we encourage you to take this step if you haven’t already done so. Understand the Needs of Your Group Since [...]
If you’re in an industry with significant turnover and varied work schedules, a Minimum Value Plan may be an affordable way to meet the requirements of the Affordable Care Act. A Minimum Value Plan is one that pays at least 60% of the total allowed cost of benefits expected under the plan. And while a [...]
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Summer is the season for enjoying as much outdoor time as possible. But, it is also critical to protect your skin from the sun while you’re at it. Choosing sunscreens and knowing how different SPF levels will affect your skin can be tricky. Applying sunscreen that protects from both UVA and UVB light with an [...]
A recent Notes article from Employee Benefit Research Institute (ebri.org) examines 1996-2015 trends in self-insured health plans among private-sector establishments offering health plans and among their covered workers, with a particular focus on 2013 to 2015, so as to assess whether the Affordable Care Act (ACA) might have affected these trends. The data comes from [...]
Summer is upon us and with it comes more outdoor activities, more sunscreen and, for some, more travel. What you may not expect summer to bring is the risk of the Zika virus. But, U.S. health officials warn that mosquitos carrying the virus could hit the mainland’s southern borders, starting with Florida and the Gulf [...]
Article written by Austin Frakt as seen in The New York Times on August 8, 2016 At a time when health care spending seems only to go up, an initiative in California has slashed the prices of many common procedures. The California Public Employees’ Retirement System (Calpers) started paying hospitals differently for 450,000 of its [...]
Article as seen on July 15th, 2016 in blog.riskmanagers.us. Montana adopts reference based pricing model for state employees. Will other states follow? Montana says health plan contracts will save $25 million From Tribune reports 3:27 p.m. MDT July 8, 2016 Montana will save more than $25 million by the end of 2018 through changes to [...]
We have received a number of inquiries this year as to whether Diversified Group will be providing ACA reporting services for 2016. We are pleased to announce that we are partnering with MZQ Consulting again this year! MZQ Consulting did an exceptional job filing the 2015 1094-C and 1095-C for so many of our self-funded [...]
Healthcare education is rarely all fun and games, but a new approach might be succeeding at making it just that! They’re being called online education programs – offered to employees as both mobile and online applications. One popular program called “Quizzify” promises to save money, boost morale, improve health and engage employees by making learning [...]
