Get your tar and feathers ready because I am going to make you very uncomfortable. Traditional Group Major Medical is no longer the optimal employee benefit for every workforce. Slowly over the last 10 years, a growing number of industries have struggled to afford health insurance for their employees. The result? Major cost shifting with increased deductibles …
NEW MiddleMEC HEALTH PLANS An Alternative to Major Med, Limited Med, MVP or MEC 2018 Facts and Observations Fact: Given current low unemployment statistics for full or part-time hourly wage workers, it is obvious that these employees are in very high demand. New efforts must be undertaken to create better benefit strategies to attract and retain these valuable service sector …
Mid Level ACA Compliant HEALTH PLAN for Hourly Workers Alternative to Major Med, Limited Med, MVP or MEC 2018 Facts and Observations Fact: Given current low unemployment statistics, the hourly wage worker is in very high demand, new efforts must be undertaken to design creative ways as to attract and retain these valuable service sector workers. Observation: Why do employers continue …
Association Health Plans (AHP) are back, Those of you of a certain age will recall the glory days of Multiple Employer Welfare Arrangements (MEWAS) and who can forget phony Employee Leasing (EPO). Well, should recent Trump administration executive orders come to fruition, stand by for the next wave of questionably financed, poorly regulated and ridiculously administered group purchasing co-ops. But …
1) Brokers – Do the descriptions below fit your current or targeted client base? Are Medium-sized (50 to 1000) hourly employees working 30+ hours per week? Are over 50% of these workers considered medium to low wages blue collar/service sector employees? Is this employer/client: Food Services, Hospitality, Agricultural, Nursing Homes or Security? Are they franchise …
Let’s Talk – IRS Assessments and ACA Compliance Mistakes Read More »
The Continuing Resolution passed by Congress last week outlines the below: Cadillac Tax delayed until 2022 – The ACA imposes a 40% excise tax on the value of high-cost employer-sponsored healthcare coverage exceeding certain thresholds. The dubbed “Cadillac Tax” has been delayed since the ACA inception and was scheduled to take effect in 2020, but now will …
Amazingly, even at this advanced place and time, employers (ignorantly encouraged by their brokers) still treat all employer-centered ACA mandates equally. Of course, I am referring to the infamous “B” (Minimum Value) penalty. I recently received an update from a reputable plan administrator with the dire warning I must advise my clients that (A) The Affordable Care Act …
Relax-All ACA Penalties are NOT Created Equally? Read More »
If you are a group health agent, here is a relatively easy way to (A) Meet new employer prospects (B) Rescue them from unnecessary cost and risk and (C) Look smarter than your competitors Obamacare, the undisputed law of the land Now that we are seeing a stabilization in the efforts to undermined and replace …
A few months ago, I wrote an article analyzing the merits of the proposed Healthy California Act a.k.a. California Single-Payer (CA Assembly approved June 1, 2017, as SB – 562). I was somewhat bemused at the prospect of my state approving a piece of legislation that by itself would more than triple the already massive California state budget. …
For all of you erstwhile, growth-oriented group health agents looking for ways to grow your agency, I have outlined a few tactical options that we have found work very well when prospecting for new clients. Benefits administration and misinformation regarding The Affordable Care Act have created significant opportunities to churn new clients in your direction. For …
ACA Marketing Questions: Guaranteed to Land Your Agency New Clients Read More »
