On March 19th, President Trump signed into law The Families First Coronavirus Response Act. This is a significant piece of legislation designed to address the economic impact of the COVID-19 pandemic. The bill provides new employee leave benefits, including paid sick time options and mandated insurance coverage for the COVID-testing. Mandated Coverage for COVID-19 Testing: Group [...]
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To Our Valued Clients: We recognize that there is plenty of uncertainty right now unfolding around the situation we find ourselves in with the introduction of COVID-19. At Diversified, our aim is to add some clarity surrounding your medical plan by reviewing the trending topics of the calls coming into our member services department. Question [...]
This article was published on March 18, 2020 on BenefitNews.com, written by Amanda Schiavo. Photo Source: BenefitsNews.com. The coronavirus is causing concern around the world, impacting the health and safety of millions and upending the global economy. As stock prices plunge and a possible recession looms, employers and self-insured organizations may react by cutting excess [...]
To Our Valued Clients and Business Partners, As we are all dealing with COVID-19 we want to reach out to you and say please be safe and rest assured that Diversified Group has plans and resources in place in our effort to protect our employees and continue to serve our clients. We have a business [...]
Coverage for COVID-19 Testing and Treatment Earlier this month, the administration announced that testing for COVID-19 was deemed an essential health benefit for coverage purposes. However, it is not considered preventive and is therefore subject to any deductible, copay or coinsurance applied to diagnostic testing under your plan. Testing and treatment provided at approved locations in accordance [...]
The ACA’s PCOR fee had expired with the 2019 plan year, although non-calendar year plans were still required to remit their fees on July 31, 2020. However, as part of the year end budget/spending bill, Congress authorized an extension of the Patient Centered Outcomes Research Institute Fee (PCOR) for another ten years through 2029. The ACA [...]
Wellness must be relevant and easily accessible to your employees. Studies have shown that worksite wellness programs generate anywhere from $1.50 to $6.00 in healthcare savings for every dollar spent. Our worksite wellness subsidiary, Corporate Fitness & Health (CF&H), confirms that the vast majority of clients agree that their program has lowered healthcare costs and [...]
The Kaiser Family Foundation employee health benefits survey for 2019 shows that the cost of annual premiums for employer-sponsored health insurance plans have reached $20,576. While there are differences between small and large employer groups, costs are rising faster than wages for both and average contributions by employees have reached $1,242 for single coverage and [...]
While the National Business Group on Health has forecasted a 5% increase in the cost of healthcare benefits, others are expecting employers to dedicate more resources to health and wellness. More emphasis will also be placed on the use of digital tools to identify lower cost providers and boost employee engagement. Experts say the trend [...]
From hospitals to insurers, you’ve probably heard many say that the goal is to provide the right healthcare, at the right time, in the right place. When it comes to the infusion of high-priced specialty drugs, location can make a huge difference. As an example, the variance in the cost of hospital-administered multiple sclerosis drugs [...]