What is your risk tolerance? Many would argue they are either risk-seeking or risk-averse – you’re either all in or you’re not, 0 or 100% tolerant. When it comes to the traditional models of employer healthcare insurance, funding arrangements are the same: you’re either fully insured or self-funded. When you’re self-funded, you take on more…
Medicare Cost Plus plans result in annual claims savings of around $150,000 – $200,000 per 100 employees for employers.” Self-insured medical plan groups are becoming very prevalent – however, they are still experiencing increases in per capita medical costs that greatly exceed Consumer Price Index. A Medicare Cost Plus (MCP) plan may be a…
On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is now expected to be signed into law by President Trump shortly. This News Brief provides an overview of the tax reform bill and its potential impact…
While America waits for the Trump administration to deliver the change to healthcare that in part elected him, the reality is that high costs are here, and immediate action is necessary. According to The Kiplinger Letter, 10% of patients currently account for 65% of health costs. While we wait for our political leaders to act…
What is a Financial Wellness Program? Workplace wellness programs first rose to prominence in the late 1980s. The original design of the programs addressed physical and mental well-being for employees through lifestyle and disease management. According to IBIS World, a leader in industry market research, the wellness industry generates nearly $6 billion in revenue. While…
After much anticipation, House Republicans have revealed their alternative to the Affordable Care Act. The new American Health Care Act promises many changes ranging from tax incentives to a halt on Medicaid expansion. Despite meaningful progress, the bill faces challenges. Even among republicans, there is still discord between moderate and hard-right conservatives like Rand Paul,…
As the new administration takes its place in history and its detractors in both political parties grouse about minor issues, most Americans want to know what is next with the Affordable Care Act (ACA). Here’s what I know. The individual mandate is under attack. First, it CANNOT survive as it exists now. Insurers are paying…
Abstract Many continue to speculate the future of the Healthcare sector as it pertains to the Affordable Care Act and new Department of Labor laws. As President Elect Donald Trump takes the stage, he looks toward Andrew Puzder as Labor Secretary. Besides the debate between the right and left wingers, a big discussion on increasing…
We have a new president-elect who promises to change health care as we know it. It appears that the Affordable Care Act’s demise, at least in part, is at hand. So what’s next? I believe the employer mandate for the most part will cease to exist. Furthermore, the individual mandate will have a different look…
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