Small Employers Can Reimburse for Medicare Part B, D Premiums

As the workforce ages and many employers want to keep on baby-boomer staff who have the experience and institutional knowledge that is irreplaceable, one issue that always comes up is how to handle health insurance. Once your older workers reach the age of eligibility for Medicare, under current law you can help them pay for [...]

By | 2019-09-17T11:33:56-07:00 September 17th, 2019|Employer, Healthcare|0 Comments

IRS Eases Access to Chronic Disease Treatment

New guidance from the IRS will help people enrolled in high-deductible health plans get coverage for pharmaceuticals to treat a number of chronic conditions. Under the guidance, medicinal coverage for patients with HDHPs that have certain chronic conditions – like asthma, heart disease, diabetes, hypertension and more – will be classified as preventative health services, [...]

By | 2019-09-10T17:18:07-07:00 September 10th, 2019|Healthcare|0 Comments

Proposed Rules Would Affect Prescription Drug Plans

The Centers for Medicare and Medicaid Services has floated proposed regulations that would affect drug benefits for group plans and association plans and attempt to reduce drug expenses for health plan enrollees and drug plans. While the rules seem to be focused on individual plans sold on government-run exchanges, three of the changes would also [...]

By | 2019-06-25T12:48:47-07:00 June 25th, 2019|Healthcare|0 Comments

New Law Bars Pharmacy Benefit Manager Gag Clauses

President Trump has signed two bills into law that would add transparency to drug pricing by banning gag clauses imposed by pharmacy benefit managers (PBMs) that bar pharmacists from discussing drug prices with the person buying prescription medication. The bills, passed with bipartisan support, take aim at the PBM practice of clawbacks, which occur when [...]

By | 2019-06-18T11:07:46-07:00 June 18th, 2019|Healthcare|0 Comments

DOJ Tells Court to Nullify ACA; What’s Next?

After a period of relative stability, the future of the Affordable Care Act has once again been thrown into uncertainty. In a surprise move, the Department of Justice announced that it would not further pursue an appeal of a ruling by U.S. District Court Judge Reed O’Connor, and instead asked the 5th U.S. Circuit Court [...]

By | 2019-06-11T05:41:20-07:00 June 11th, 2019|Healthcare|0 Comments

Insurers Will Pay Record Amount of Rebates to Small Group Plans

While most businesses rarely get rebate checks from their group health insurer, this year may be different as insurance companies are expected to pay back record excess premiums, as required by the Affordable Care Act. The landmark insurance law requires that insurers spend at least 80% of their premium income on medical care and medications, [...]

By | 2019-06-04T09:57:03-07:00 May 30th, 2019|Healthcare, Uncategorized|0 Comments

As More Employers Rethink High Deductible Plans, They Tackle Other Costs

A new study has found that more and more large employers are ditching high-deductible health plans as the job market tightens and they need to boost improve their health insurance offerings to retain and attract talent, and saddle their employees with less of the cost burden. The change is also in response to the increasing [...]

By | 2019-05-21T07:55:52-07:00 May 21st, 2019|Healthcare|0 Comments

Surprise Medical Bills and ‘Balance Billing’ in Crosshairs

When your medical care provider charges more than your insurance company is willing to reimburse, you may get a bill asking you to pay the difference - a practice called "balance billing." The Trump administration is moving to put a stop to the practice. In a recent White House round table on limiting health care [...]

By | 2019-05-14T11:42:05-07:00 May 14th, 2019|Healthcare|0 Comments

Helping Your Staff Get the Most from Their HSA Plans

As more employers adopt high-deductible health plans, which leave their employees with more “skin in the game,” it’s important that you educate them on how to get the most out of the attached health savings accounts. Unfortunately, your employees may not be using the funds in their HSAs as efficiently as they should, and they [...]

By | 2019-05-07T17:27:10-07:00 May 7th, 2019|Healthcare|0 Comments

Trump Administration Issues Proposed Rules for Short-Term Plans

As promised, the Trump administration has issued proposed rules that would allow individuals to skirt Affordable Care Act regulations and buy short-term, low-coverage health plans. Under the proposal, individuals would be able to purchase short-term plans that last up to 12 months, compared to the three-month maximum under the ACA. The proposal would also exempt [...]

By | 2019-06-04T09:57:18-07:00 May 1st, 2019|Healthcare, Uncategorized|0 Comments