Needing a health care crisis of biblical proportions to finally awake to its full potential, Telehealth in the form of commercially distributed Telemedicine has finally arrived. Healthcare consumers are asking daily about safe and efficient ways to continue to receive basic health care and frankly, there are very few ways to do so while maintaining the safe distances required …
Largely owing to the free time allotted me by our evil little friend COVID, I recently set about imagining what the average person really wants and needs from health insurance. I concluded (and you may certainly choose to disagree) that there are only two motivations for buying health insurance. Assuming that this (average) person is of …
Read this if you recommended or sponsored a MEC (Minimum Essential Coverage) ACA Compliant Platform (particularly if your recommended MEC plan does not have aggregate reinsurance) This is for all of those brokers who make a living in the service sector (hourly employee) markets, and have cleverly recommended MEC plans as a solution to the Affordable Care Act, …
Reinsurance: Watch Out for the Post COVID MEC Time-Bomb! Read More »
The one certainty in this uncertain business environment is that there will be a recovery and this recovery will afford great opportunities for those who plan and execute skillful solutions. Barring the discovery of a cure, business operations will begin to heat up in the 3rd quarter of this year and eventually result in most …
My Personal Wish We are all going through an unprecedented time. As we navigate the challenges that lie ahead, both personally and professionally, my sincerest hope is for your well being and the health of wellbeing of your families. Professionally I wish to offer an invitation to my network of Group Insurance Brokers to reach out if …
There are very compelling reasons for an employer to offer affordable basic or *incentive-based health insurance plans to hourly workers. Chief among them is compliance with the Affordable Care Act Employer Mandate. However, many employers are misled into the belief that limiting contributions (within the constraints of ACA) or offering plans that technically comply with ACA …
Basic Health Insurance May Cost Nothing for Some Employers Read More »
One Size Fits All – No Longer Fits In recent years benefits, particularly those provided to low-wage or hourly employees, has been driven by compliance pressures brought about by the Affordable Care Act (ACA) with little or no thought to what the end user needs or wants. As we emerge into a more mature market, …
Over the last few years, our firm has been called upon to review literally thousands of hourly/service employer health plans. Three things have become glaringly obvious to us: Consultants are either ill-informed or lazy when it comes to understanding the nuances of ACA compliance. This is particularly true when it comes to service sector/hourly workforce clients. Most …
Most Employee Groups FAIL Affordable Care Act Compliance Read More »
Hispanics have the highest uninsured rates of any racial or ethnic group within the United States (Health & Human Services) Economics: According to a 2017 U.S. Census Bureau report, 25.0 percent of Hispanics, in comparison to 14.7 percent non-Hispanic whites, worked within service occupations. 21.9 percent of Hispanics in comparison to 42.9 percent of whites worked …
Hispanic Workers – Losing Ground in Health Insurance under ACA Read More »
Please consider taking advantage of these no-cost services to gauge your client’s exposure to IRS penalties because of ACA non-compliance. Cost and Risk Review of Current Plans For many brokers, the vague nuances between one ACA compliant plan and another are a mystery. For instance, why is a MEC Only approach actually more costly than …
