Future Forecast: Medical Trend Predictions for 2019

By |August 1st, 2018|Categories: Employee Benefits|

PwC released their annual report on Medical cost trend “Behind the numbers 2019.” Highlighted below are the factors that are inflating and deflating trends. Trend Inflators Increased Access to Care To access medical care today, [...]

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Is Genomics or Precision Medicine a Solution for your Organization? – Part 1: Leveraging the Future for High Cost Claims

By |July 25th, 2018|Categories: Health Management|

PART 1:  Leveraging the Future for High Cost Claims This is part 1 of a 3 part series on how employers can leverage genomics for healthcare cost control and more. Some time ago, a colleague [...]

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Employee Classification in a Gig Economy

By |July 20th, 2018|Categories: Employee Benefits|

If a worker is incorrectly classified as an independent contractor and is not offered health and welfare benefits, the company is liable and has to repay benefits back to the date they would have been [...]

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Amazon-Berkshire-JPMorgan Health Venture Takes Aim at Middlemen

By |July 16th, 2018|Categories: Employee Benefits|

Earlier this year, Amazon, Berkshire Hathaway, and JP Morgan Chase announced that they were forming a joint venture designed to lower the cost of healthcare for their employees. Like many corporations, these companies are facing [...]

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How Low Unemployment May Be Impacting Your Company

By |June 25th, 2018|Categories: Employee Benefits|

Unemployment has recently hit an all-time low falling below 4%. While this is great news, an unemployment rate this low also significantly shrinks a candidate pool. So what are companies doing to attract employees in [...]

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Thinking Outside the Box: Should Your Health Plan Include Alternative Medicine?

By |June 21st, 2018|Categories: Employee Benefits|

With the concern around opioid abuse, more employers are asking if they should consider offering alternate medicine for pain management. Alternative medicine may include interventions such as herbal remedies, acupuncture, hypnotherapy, or yoga therapy. Statistics [...]

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Can Congress Control Rising Healthcare Costs?

By |June 18th, 2018|Categories: Employee Benefits|

I was pleased to see a recent publication from Senator Bill Cassidy (R-LA), who is not only a member of Congress but also a medical doctor who provided patient care in Louisiana’s charity hospital system [...]

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IRS Releases 2019 HSA Limits

By |May 31st, 2018|Categories: Employee Benefits|

Earlier this month, the IRS announced new 2019 HSA contribution and out-of-pocket maximum limits. In 2019, there will be a $50 increase in the annual contribution limit for single-only coverage and a $100 increase in the annual contribution limit for family [...]

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Mental Health Parity: Are you in Compliance?

By |May 30th, 2018|Categories: Compliance|

Group health plan sponsors recently received updated guidance (in form of a FAQ) from the Departments of Labor, Health and Human Services, and the Treasury regarding compliance with mental health parity. The Mental Health Parity [...]

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Direct Primary Care is on the Rise

By |May 21st, 2018|Categories: Employee Benefits|

Patients who have grown frustrated with large health system primary care physician practices are now finding an alternative option in direct primary care. While direct primary care has been around for some time, it is [...]

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9 States and Counting: The Employers’ Burden of the Loss of the Individual Mandate Tax Penalty

By |May 16th, 2018|Categories: Compliance|

Signed in December 2017, the Tax Cuts and Jobs Act eliminates PPACA’s federal individual mandate penalty for not having health insurance starting in 2019.       Many employers shrug at this news since the [...]

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The State Health Plan Conducted a Dependent Audit…Should You?

By |May 1st, 2018|Categories: Employee Benefits|

The State of North Carolina Health Plan recently conducted a dependent audit to remove ineligible dependents off their plan.  The News and Observer discusses how the State “caught” 600 ineligible dependents. The article assumed a [...]

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Are Captives on the Rise?

By |April 25th, 2018|Categories: Employee Benefits|

Recently, we’ve been hearing more about different medical insurance captives in the marketplace. As healthcare costs continue to rise, employers are looking for unique and creative ways to fund their plans and save some money. [...]

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Impact of Blockchain on Healthcare Industry

By |April 24th, 2018|Categories: Employee Benefits|

Did you miss out on the profits of early-adopters of BitCoin? Well, those profits have subsided as of late. However, it’s not too late to take advantage of the growing technology of blockchain. What is [...]

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Opioid Misuse in the Workforce: A sign of decreasing Resilience and Burnout?

By |April 9th, 2018|Categories: Health Management|

You’ve likely seen the headlines in HR newsletters, social media, or even the evening news: The United States is currently in the midst of a public health emergency related to the opioid crisis. Although the [...]

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Managing Your Medical Costs

By |April 3rd, 2018|Categories: Employee Benefits|

After over 25 years in the benefits industry, I have seen a lot of changes. Creating a strategy around your benefits program and executing that strategy is hard work, and the challenges and choices are [...]

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Possible Changes for HSAs on the Way

By |March 28th, 2018|Categories: Employee Benefits|

Recent legislation has been introduced by U.S. Rep. Mike Kelly (R-PA) that would allow employers to offer increased benefits to employees who have a Health Savings Account (HSA). The proposed “Bipartisan HSA Improvement Act”  would [...]

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Stop Loss Markets Putting the Brakes On

By |March 26th, 2018|Categories: Employee Benefits|

Recent trends in the medical stop loss market are showing most stop loss risk managers have been suffering significant losses in the past few years. This can be attributed to an increased number of high [...]

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Is Presenteeism Impacting Your Bottom Line?

By |March 14th, 2018|Categories: Employee Benefits|

The concept of presenteeism has been around for a long time and can pose a significant drain on a company’s bottom line. While employers know what presenteeism is, the real question is: Do they know [...]

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The Total Rewards Needle is moving – Are you on Target?

By |March 13th, 2018|Categories: Employee Benefits|

The ability to attract and retain top talent remains a top priority with employers. In fact, according to Gallagher’s most recent benchmarking survey, having the ability to recruit and keep a highly qualified workforce remains [...]

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