In October, a bipartisan group of senators introduced a bill that would ease the ACA reporting mandates for employer-sponsored health plans. The bill would roll back the reporting requirements of Section 6056 and replace them with a voluntary reporting system. The bill would also allow payers to transmit employee notices electronically rather than having to [...]
After reading the article included below, we couldn’t help but agree that the question every employer should be asking this year is…Should I self-fund my employee benefit plan? As the article discusses, this is a great time of year for companies to review their status, evaluate changes that have been made and consider new items [...]
The 2018 Forecast for TPAs & Self-Funding, recently released by the Society of Professional Benefit Administrators (SPBA), expects factors to fuel continued growth and expansion by TPAs and self-funded health benefit plans in the coming year. The most significant of these factors is a growing demand by today's workforce for more personalized benefit offerings that [...]
The article below was published on October 10, 2017 by MyHealthGuide, written by Matthew Albright. A bipartisan group of senators introduced a bill the first week in October that will significantly ease the Affordable Care Act reporting mandates for employer-sponsored health plans. The bill, called the Commonsense Reporting Act of 2017, in effect rolls back [...]
The article below was published on September 20, 2017 by Employee Benefit News, written by Victoria Finkle. Although the Cadillac tax isn’t set to go into effect until 2020, employers are already adjusting their health plans in an effort to avoid the added expense. The 40% excise tax on high-cost healthcare, which was created to [...]
The article below was published on September 5, 2017 by Employee Benefit News, written by Arthur Jonokuchi. When it comes to healthcare plan administration, ASOs (administrative services only) say they offer a big discount to self-funded plans. If you look closer, however, you’ll see that they actually do come with a cost, both monetarily and [...]
It used to be that self-funding was limited to only the largest companies that could afford the manpower to administer their own plans. Not anymore.
The article below was published on May 1, 2017 by the Employee Benefit Adviser, written by Brian Kalish. Nearly half of all employees are covered by a self-insured group health plan. Many companies that offer these plans have separate stop-loss insurance policies to protect them against the risk of catastrophically high claims. Some states and [...]
The article below is from International Foundation of Employee Benefit Plans, written by Teri Dougherty Governor Scott Walker recently proposed self-funding Wisconsin’s $1.5 billion health insurance program for 250,000 state and local government workers and their dependents. For now, it is a proposal that is being heavily debated in the Wisconsin State Legislatures Joint Finance [...]
The rising cost of employee healthcare has more small employer groups choosing level funding over their traditional fully-insured health plans. What are the advantages of this option for your small business? Cost Control and Opportunity for Savings Level funding is a form of partial self-funding that enables the employer to budget for monthly expenses while [...]
