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 [...]
Experts agree that a lack of true price transparency has contributed significantly to the inefficiency in healthcare. Several websites compare the costs for certain procedures at varying hospitals, but it’s still very difficult, if not impossible, to make an informed choice when preparing for a non-emergency procedure. As a result, most people still go to [...]
Diversified Group believes that self-funded plans are the most cost effective and transparent health insurance option for most companies. Not only have we been administering self-insured health plans for 50 years, we have a self-funded medical plan for our organization. As a third party administrator (TPA), we provide comprehensive and cost effective solutions that help [...]
Beginning in 2014 and continuing through 2016, employers and other sponsors of self-funded health plans, as well as insurance companies offering insured health plan products are subject to the Affordable Care Act’s transitional reinsurance fee. This fee was designed to fund reinsurance payments to health insurance issuers to cover high-risk individuals in the individual market. [...]
In a world of increased convenience, you can do your taxes online, you can get breaking news online and you can make reservations for your favorite restaurant online. In recent years, healthcare has followed suit with online resources and digital mechanisms to make your well-being easier to track and medical treatment more convenient to access. [...]
On June 26, 2015, the United States Supreme Court, in Obergefell v. Hodges, struck down all state bans on same-sex marriage. Previously, in 2013, the Supreme Court ruled, in United States v. Windsor, that federal law must recognize a same-sex marriage that was valid under state law. The Obergefell decision will have little impact on [...]
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 [...]
