Blog
How to Get the Benefits of Self-Funding without the Risks
There are typically two approaches to securing health coverage for your staff – group health insurance or self-funding. Self-funding, however, can be costly and risky and is usually only done by larger organizations with thousands of employees. But there is a hybrid...
Average Family Plan Cost Hits $20,000 for First Time; What Can You Do to Cut Costs?
A new study has found that the average annual premium for a group family health plan has exceeded $20,000 for the first time in 2019, up 5% from 2018. The average premium for single coverage plans in 2019 is $7,188, up 4% from the year prior, according to the Kaiser...
The ‘Cadillac Tax’ May Finally Be Repealed
The much-maligned “Cadillac tax,” which was supposed to be implemented as a tax on high-value group health plans with premiums above a certain level, may finally be seeing the end of the road. Already the implementation of the tax, which was created by the passage of...
How to Get the Benefits of Self-Funding without the Risks
There are typically two approaches to securing health coverage for your staff – group health insurance or self-funding. Self-funding, however, can be costly and risky and is usually only done by larger organizations with thousands of employees. But there is a hybrid...
Trump Administration Decides Not to End PBM Rebates
The Trump administration has decided not to pursue a policy that would have put an end to rebates paid to pharmacy benefit managers, which could put the focus again on how drug companies set their prices. The proposal would have barred drug companies from paying...
Trump Administration Decides Not to End PBM Rebates
The Trump administration has decided not to pursue a policy that would have put an end to rebates paid to pharmacy benefit managers, which could put the focus again on how drug companies set their prices. The proposal would have barred drug companies from paying...
Direct Contract Available with Holland Hospital
Through a unique collaboration with Holland Hospital, Holland PHO, TCHP and Sisco, an independent third party administrator, employers in West Michigan will have access to direct contract pricing and affordable self-insurance. Learn more...
Many Workers Struggle with Medical Bills, Despite Having Insurance
A new survey has found that many American workers are struggling with medical bills even though they have employer-sponsored health plans. The good news from the survey was that 81% of respondents said they had health insurance, which meant they were 19% more...
Get an Early Start on Open Enrollment
As open enrollment is right around the corner, now is the time to make a plan to maximize employee enrollment and help your staff select the health plans that best suit them. You’ll also need to make sure that you comply with the Affordable Care Act if it applies to...
Short-term Health Plans Skimp on Medical Payments
A new report by the trade publication Modern Healthcare shows just how little short-term care plans spend on enrollees’ medical claims. The report found that some plans spent as little as 9 cents of every premium dollar they collected on medical care. The...
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