RxDC and impacts on small employers’ health insurance
Prescription Drug Reporting The No Surprises Act, which is a part of the Consolidated Appropriations Act, require group health plans share information about their prescription drug and healthcare spending to the Department of Labor (DOL), Health and Human Services (HHS), and the
Minnesota Family and Medical Leave Bill Proposal
2023 MN Family and Medical Leave Bill On May 8th the Minnesota Senate voted 34-33 to pass the statewide mandatory Paid Family and Medical Leave Act. This comes a week after the Minnesota House passed their version of the bill in a
Rising Cost of Healthcare
Trends Impacting the Rising Cost of Employer Benefits It is no secret that the rising cost of healthcare in the United States has risen sharply over the past two decades and show no signs of slowing. Employers now face
ICHRA and Medicare
Staying compliant with ICHRA and Medicare Individual Coverage Health Reimbursement Accounts (ICHRA) are a great tool to help control budgeting healthcare costs and your employees, but what happens when your employee is eligible for Medicare? When adopting the ICHRA benefit
Technology Matters
Save Time with Electronic Enrollments The days of collecting a seven-page employee application for every one of your employees has long been over. Technology has provided many benefits in organizing and streamlining enrollment information for employers for many years. The
Individual Coverage Health Reimbursement Arrangement
Can I reimburse my employee for health insurance costs? It is rare something in the health insurance industry can be classified as “exciting”, but an Individual Coverage Health Reimbursement Arrangement is EXCITING! This type of health reimbursement account (HRA) is
Level Funded Group Health Insurance
Why Level-Funded Group Health Insurance Plan? Getting away from the traditional fully insured health plans has been a goal for many employers since the Affordable Care Act (ACA) took full effect in 2014. Once the ACA was fully implemented, small
Cost of Group Health Insurance
How much does it cost for group health? While it may seem like a simple question, there are many factors involved which can alter the price dramatically when you are shopping for group health insurance. Here are some factors that
Why Group Health Insurance
Why Group Health Insurance? Human Resource professionals have been warning of labor shortages for years. An aging population with more retirees than new hires, coupled with slowing immigration and a host of other factors, means employers are increasingly finding it more