A Look Back at Private Exchanges

A Look Back at Private Exchanges

It’s been about 5 years since we posted our thoughts about the likely adoption of private exchanges. At the time, consultants and Wall Street analysts were touting these exchanges as the greatest innovation in employer benefits since 401(k)s. Many suggested that by 2018 more than 20%, and perhaps as many as 50%, of employers would… [Read More]

Online Enrollment – More Than Just Simplifying Administration

Online Enrollment—More Than Just Simplifying Administration 

Enrollment and reporting are just the tip of the iceberg when it comes to the features and functions of online enrollment platforms. Technology is playing a huge role in communicating benefits information to employees outside of the open enrollment period and enrollment platforms can really maximize your communications efforts, pushing out education to employees and… [Read More]

Your Employees are Enrolled in a CDHP…Now What?

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Congratulations on a successful annual enrollment, especially if you introduced a high deductible health plan with a Health Savings Account (HSA) or moved more of your employees to a Consumer-Directed Health Plan (CDHP). That’s a big accomplishment, but your communication job is really just beginning. Here are five great ways to support your employees and help… [Read More]

Another Setback for Private Exchanges

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Only three years ago, we were told that the future of healthcare had arrived. Mimicking employers’ transition of retirement plan treatment, employers were going to be freezing traditional benefit programs en masse and migrating their employees to a “defined contribution” private exchange model – a model where costs were fixed and employees bear the financial… [Read More]

Recent Studies Challenge Conventional Wisdom

13+ Month Renewals With Eyes on the New Small Group Market

There have been a couple of research publications over the last few weeks that have challenged some long held beliefs in plan design construction. Employers should take note before embarking on their next major program initiatives. The first was a study by Physicians for a National Health Program that reviewed the purchasing patterns of 150,000… [Read More]

Education is Critical in High Deductible Plan Management

Education is Critical in High Deductible Plan Management

A recent study by Truven Health Analytics confirms that there are savings in consumer-directed health plans (CDHPs). In a three year study of 183,000 continuously enrolled CDHP members, an annual savings of $457 to $532 per member per year, or almost 10%, was demonstrated. This, while the number of employers offering CDHPs increased to 64%… [Read More]

Filling the High Deductible Gap with Critical Illness

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Many employers are adopting or considering High Deductible Health Plans (HDHPs) to help control skyrocketing healthcare costs. The biggest concern of employers with these plans is that they leave their employees exposed to higher financial risk. If a major health issue strikes, many households have insufficient savings available to pay for the higher out-of-pocket expenses…. [Read More]