#spectrumhealth

How to Distribute Group Health Plan Rebates to your Staff

How to Distribute Group Health Plan Rebates to your Staff

Group health plan insurers are paying out $689 million in rebates to plan sponsors this year, as required by the Affordable Care Act’s “medical loss ratio” provision. The provision requires insurance companies that cover individuals and small businesses to spend at...

Employees Pick Perks and Benefits Over Pay Raises

Employees Pick Perks and Benefits Over Pay Raises

Great perks and incentives packages can help attract top-notch talent, maintain employee morale and improve overall engagement and satisfaction with a company. The coronavirus pandemic has made perks and benefits even more important, particularly in light of so many...

Group Plan Affordability Levels Set for 2021

Group Plan Affordability Levels Set for 2021

The IRS has announced the new affordability requirement test percentage that group health plans must comply with to conform to the Affordable Care Act. Starting in 2021, the cost of self-only group plans offered to workers by employers that are required to comply with...

Pandemic Clouds Health Insurance Cost Predictions

Pandemic Clouds Health Insurance Cost Predictions

With large employers expecting health insurance rates to climb 5.3% in 2021, they are concerned about how the COVID-19 pandemic will affect overall health care costs in the coming years, a new survey has found. Those expectations gleaned from the survey by the...

Trump Issues Executive Orders to Reduce Drug Costs

Trump Issues Executive Orders to Reduce Drug Costs

President Trump has issued executive orders aimed at reducing the cost of medications by tying Medicare payment for outpatient drugs to international prices, passing drug-maker rebates to patients and not middlemen, and allowing individuals to import prescription...

Preparing for Open Enrollment During the Pandemic

Preparing for Open Enrollment During the Pandemic

With the coronavirus showing no signs of slowing, health insurance is likely top of mind for your employees. Many of them will be anxious and it’s likely that they will be more engaged and interested in understanding whether their current coverage is sufficient should...

A Primer on Changes to 2021 Group Health Plans

A Primer on Changes to 2021 Group Health Plans

While most business owners and executives have been fretting about the COVID-19 pandemic and the effects on the economy and the survival of their business, now is a good time to conduct a review of group health plans in light of changes and new rules for 2021. Here...

Free eBook Chapter: Brokers Haven’t Influenced Price

Free eBook Chapter: Brokers Haven’t Influenced Price

Chapter 10 of Not Rocket Surgery: Brokers Haven’t Influenced Price According to the 2016 Society for Human Resources Management (SHRM) Strategic Benefits: Health Care survey, 66% of employers are very concerned about controlling healthcare costs, while 31% are...

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Total Control Health Plans

(616) 344-6606
148 S River Ave Ste 300, Holland, MI 49423

Total Control Health Plans

(616) 344-6606
148 S River Ave Ste 300, Holland, MI 49423