This article was published on March 21, 2020 in MyHealthGuide, written by Hobson D. Carroll, FSA, MAAA, President, MedRisk Actuarial Services, Inc. After the President signed the Families First Coronavirus Response Act wherein testing for the virus may not attract any element of cost-sharing (think: preventive care), there has begun an additional new drum roll [...]
This article was published on August 30, 2019 on the HR Daily Advisor written by Eileen Clark, Senior Vice President of Human Resources, ELAP Services. Large employers currently pay about $500 more in healthcare costs per employee than they did just a year ago—money every company would love to have back. With healthcare costs increasing yearly, many [...]
It can be as easy as handing them a check for a percentage of savings. In last month’s HCU, we discussed the flexibility that self-funding provides – emphasizing that within regulatory parameters, self-funding gives the employer significant power over plan design, selection of providers, ways to incentivize plan members and much more. These days, more [...]
This article appeared on HartfordBusiness.com on December 18, 2017 from Brooks Goodison, President of Diversified Group. Connecticut health insurers recently announced their 2018 premiums. Employers won’t like them. Rates for some small business plans will rise more than 25 percent. That follows an average increase of 5 percent last year. Many Connecticut firms are understandably [...]
Press Release from Education and the Workforce Committee Chairwomen Virginia Foxx on April 5, 2017. The House today passed the Self-Insurance Protection Act (H.R. 1304), legislation that would protect access to affordable health care options for workers and families. Introduced by Rep. Phil Roe (R-TN), the legislation would reaffirm long-standing policies to ensure workers can [...]
With the costs of maintenance and specialty drugs skyrocketing, why would some employers with self-funded health plans not place prescription drugs under their plan’s stop-loss insurance?