Reviewing Contracts: An Essential Part of Health Plan Management

Reviewing Contracts An Essential Part of Health Plan Management

And you thought it was tough to decide on plan design, communication strategy and contributions for your medical benefits plan… Once the crush of implementation begins, the plan documents will start coming to your inbox and it’s critically important that you understand them completely. The obvious first steps would be to check the principal plan… [Read More]

Out-of-Pocket Maximums Steal the Show

healthcare cost

The out-of-pocket maximum isn’t usually the most important feature of a medical plan, but that could change during this fall’s annual enrollment. Just when employees have finally gotten comfortable with the collective deductibles and out-of-pocket maximums required for high deductible health plans with HSAs, the government has changed the rules. Beginning in 2016, no individual… [Read More]

ACA Impacts Flexible Spending Accounts

Prescription Drug Cost

For plan years on or after 1/1/2015, plan sponsors need to be mindful of new rules which impact health FSAs (HFSA).  In order for an HFSA to meet the definition of excepted benefits (and therefore not be subject to ACA’s market reforms requiring unlimited benefits) these plans need to meet two conditions: 1) only individuals… [Read More]