HSAs and Medicare – Like Oil and Water

Oil bubbles with water

I see more and more employers offering high deductible health plans (HDHPs) every year. This type of plan can be tricky, but it’s increasingly popular in the quest to keep premium spend down as healthcare costs rise. We come across our fair share of questions and issues with HDHPs and health savings accounts (HSAs) at… [Read More]

No Need for Stigma

No Need for Stigma

I’m just going to come out and say it… It’s okay to go to therapy – AND it helps! For too long, the stigma of seeing a therapist has prevented delivery of much-needed care. People are concerned what their family, friends, and employer will think of them. Thankfully, the tide has turned; individuals and businesses… [Read More]

Stop Loss Insurance… More Important Than Ever

Stop Loss Insurance... More Important Than Ever

With the increase in popularity of self-insurance, health plan sponsors must take the time to fully understand the “safety net” that is typically purchased alongside these plans to protect them from unexpected costs. There are two elements of stop loss: Individual (or Specific) Stop Loss (ISL) protects against the costs of any one claimant exceeding… [Read More]

Small Group Renewals – the Devil Is in the Details

Small Group Renewals – the Devil Is in the Details

With year after year of large premium increases, it’s no wonder many employers are happy to receive a health insurance renewal below 10% – but low-percentage renewals can often gloss over key changes to the policy that are not boldly highlighted in the renewal offer. So what kind of changes are we talking about here?… [Read More]

Good News – the Stop Loss Market Is Vibrant

Good News – the Stop Loss Market Is Vibrant

Uncertainty and frustration abound in the healthcare market today, especially with all of the brewing legislative changes and tension over the market’s response. On the employer-sponsored plan side of things the challenge to improve affordability goes on as well – but you can only make so many plan design changes to keep up. High deductible… [Read More]

PEOs – Key Factors You Need to Consider

PEOs – Key Factors You Need to Consider

Professional Employer Organizations (PEOs) have continued surfacing as a solution for many small employers, but where do you begin when trying to understand if a PEO is right for your business? Decide if a PEO makes sense for your business BEFORE evaluating the savings. A PEO can seem tempting when quotes come back 10% to 20%… [Read More]

21st Century Cures Act: Welcome Versatility in the Small Group Market

Time for Change

Reversing prior IRS and DOL guidance, the newly-signed 21st Century Cures Act allows small employers to use a new Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) to give employees money that will pay for an individual health insurance policy. Under the law, employers can provide up to $4,950 for single employees and $10,000 for family… [Read More]

Don’t Close the Book on Open Enrollment Yet

thinkstockphotos-498307246

As open enrollment comes to a close, it’s tempting to want to put it behind us as quickly as possible. After all, who doesn’t have other projects to move on to. But while enrollment is still fresh in your mind, take a few minutes to evaluate how it went, in these specific areas: Communication –… [Read More]

Pokémon Go: Just What the Doctor Prescribed

Pokemon Go Post

For the past month, I’ve been watching friends, colleagues, and strangers maniacally roam the city on a focused hunt for Charizards and Pikachus. Quite a sight to behold. Pokémon Go has become explosively popular, and with its increasing ubiquity, I’m sure we’ll continue to see headlines highlighting safety concerns as Pokémon Go players fall off… [Read More]

You Pay When Your Employees Worry about Money

Money coming out of jar

With all the emphasis on healthcare over the past several years, many companies have overlooked another important issue: money. Financial stress is one of the biggest distractions to employees. The time employees spend worrying about money and dealing with personal financial issues costs American businesses billions of dollars every year in lost productivity. And it… [Read More]