This article was published on May 22, 2018 on Employee Benefit News, written by John Milne. Small and midsize businesses seeking flexible benefit plans for their employees that also provide a means to contain costs often feel their options are limited. The fully insured world restricts flexible and creative plan options, and many employers are [...]
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 [...]
When Congress delayed the Cadillac Tax until 2020, the same law placed a one-year moratorium on the annual fee the ACA imposes on health insurance carriers. While the fee does not have a direct impact on TPAs or self-funded plans, it does sometimes impact stop loss premiums. Since this fee applied to insurance carriers and [...]
You’ve adopted an increasingly popular new health plan strategy to save money on costs – why would you want to give up half of your plan savings to the company managing your plan? That’s what’s happening to some employers who may be unaware that their plan administration firm has incorporated this 50/50 savings split into [...]
