The Different Types of Stop-Loss Explained | Pennsylvania Benefit Broker

By Michael Humphrey, MLHR, Sr. Employee Benefits Advisor at The Wilson Agency A UBA Partner Firm With the rising cost of health insurance and the need to provide coverage to employees, we have noticed many employers taking advantage of becoming self-insured. While being self-insured isn’t for everyone, there are definite advantages, such as the possibility … Continued

Stop-loss Contract Periods Explained

This week we will go over another important aspect of stop-loss: contract periods. Stop-loss contract periods are perhaps the most complicated aspect of understanding how stop-loss insurance works.

Think Before You Type

It used to be in the workplace that if someone typed something they shouldn’t have, such as in a paper or email, then they could often try and retract or delete it or make the recipient swear that he or she wouldn’t share it.

Question of the Month: How is PPACA’s “IRS Form W-2 safe harbor” regarding affordability calculated? | Conshohocken Employee Benefits

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Answer: Under PPACA, coverage is considered affordable if it costs less than 9.5 percent of an employee’s household income. Because employers are often unaware of an employee’s household income, there are three safe harbors that an employer can use to determine affordability. One is the … Continued

The Different Types of Stop-Loss Explained

With the rising cost of health insurance and the need to provide coverage to employees, we have noticed many employers taking advantage of becoming self-insured. While being self-insured isn’t for everyone, there are definite advantages, such as the possibility of saving money – especially if you have a healthy staff.

Preventive Services Requirement FAQ

On May 11, 2015, the Department of Labor (DOL) along with other federal agencies issued an FAQ regarding the implementation of the Patient Protection and Affordable Care Act (PPACA) that focused on coverage of preventive services. Non-grandfathered gro…

The Key to Reducing Health Care Costs – Have We Found It?

Self-funding is a very hot topic these days for a number of reasons. For small group employers offering a self-funded plan this means they can charge a composite premium rate based on the employee population versus the community rates that are based on each individual enrollee’s age. For all employer sizes this also means that they are not subject to all of the taxes under the Patient Protection and Affordable Care Act (PPACA), which alone can translate into a savings of 3% to 4% of their premiums.

 

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