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 [...]
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 [...]
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 [...]
Some of the information below is from an article written by Rebecca Moore from www.plansponsor.com. It’s no longer a secret that the cost of healthcare services and procedures can vary greatly by location and by provider. And even though healthcare consumers are becoming increasingly aware of this, a survey recently found that only 29% of [...]
Article written by Kenneth Kaufman, as seen in H&HN (Hospitals & Health Networks) on May 25, 2016 The Internet lets people bypass traditional channels of service. Hospitals need to keep up. For decades, we’ve talked about doing a better job of involving patients in their health care decisions and treatment. As important as that goal [...]
It’s a question asked by anyone who’s been hospitalized in the U.S. The numbers seem to have no rhyme or reason. Particularly when you consider that the cost for an appendectomy here in the U.S. is almost $30,000, while the cost to have the very same procedure performed in Europe would be just $4,000 – [...]
Don’t give your power away. If you’re not paying attention to the detail behind your health plan costs, you open the door for uncontrolled expenses that could derail your business and bankrupt your employees. Why is the detail important? Where do you want your company’s hard-earned profits to go? You can help your employees and [...]
Supreme Court Upholds Health Law Subsidies In a decision rendered earlier today, the U.S. Supreme Court ruled that contested language in the Affordable Care Act allows the administration to offer premium subsidies in the form of tax credits to people in all states. This includes states that have not launched their own exchange. Since tax [...]
