The Patient-Centered Outcomes Research Trust Fund fee is a fee on issuers of health insurance policies and plan sponsors of self-insured health plans that helps to fund the Patient-Centered Outcomes Research Institute (PCORI), which was established by the Affordable Care Act (ACA). The institute assists, through research, patients, clinicians, purchasers and policy-makers, in making health decisions by [...]
The article below was published on January 3, 2018 by DigitalDealer, written by Contributing Writer Steve Kelly. Photo Source: DigitalDealer We came across this article written by Steve Kelly, co-founder and CEO of ELAP Services. It discusses one common theme that all of us at Diversified Group hear more and more from not [...]
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 [...]
The article below was published on October 24, 2017 by Self-Insurance Institute of America, Inc., written by Wrenne Bartlett. The Self-Insurance Institute of America, Inc. (SIIA) is pleased to announce that Governor Andrew Cuomo has signed A.8264 into law, allowing grandfathered stop-loss contracts for groups of 51-100 to renew until January 1, 2019. As background, [...]
The article below was published on August 19, 2017 by Green Bay Press-Gazette, written by Mike Ferguson. Photo Source: Minerva Studio, Getty Images Wisconsin lawmakers are at an impasse over the state budget. Senate leaders can't agree with their Assembly counterparts on how to fund road repairs, schools, and various agencies. Resolving this [...]
The article below was published on August 7, 2017 by Bloomberg BNA, written by Sara Hansard. Small and midsized companies are increasingly providing their own health coverage for employees instead of buying fully insured plans since Obamacare was enacted in 2010. As the Affordable Care Act drives up premiums because of more requirements and taxes, [...]
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 [...]
Preventive care is vital to keep your employees healthy. They stay healthy, you save on health care costs—It’s a win-win for employees and employers.
The Employee Benefit Research Institute reports that nearly 20% of mid-sized employers made the jump to self-insurance from 2013 to 2015. A major attraction is the availability of data and analytics, enabling the employer to learn how healthcare dollars are being spent. A growing number of employers are using this data to incentivize employees who [...]
The article below is from SIIA eBlast on March 1, 2017 Photo from SIIA eBlast March 1, 2017- The U.S. House Committee on Education & the Workforce has concluded a hearing today where it heard testimony from SIIA Chairman Jay Ritchie on the Self-Insurance Protection Act (SIPA). The hearing, entitled "Legislative Proposals to Improve [...]
