The federal agencies have finalized the new versions of the summary of benefits coverage (SBC) template. For all businesses, this template will be used starting for plan years beginning on or after April 1, 2017. Under the Affordable Care Act, group health plans and health insurance providers are now going to be required to provide a SBC to all plan participants during open enrollment for company benefit coverage. As per the Affordable Care Act, all businesses will now be required to provide additional information to their employees. Continue reading
A grant is nudging the nascent UNLV School of Medicine closer to its fundraising goals.
The United Health Foundation has awarded the school a $3 million grant to develop educational programs and three planned community clinics.
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People who work remotely are happier, according to a new survey conducted by TinyPulse, an employee engagement firm. Continue reading
As health care spending sky rockets, the buzz of implementing wellness programs is becoming louder. Employers want to control health care spending, see higher productivity rates, and increase employee satisfaction while struggling to find the right program. I’ve heard their statements many times “We are still trying to figure it out,” and “people are not engaged.” Continue reading
As of Jan. 1, 2016, Hulsey reminded the audience, employers of 50 or more full-time equivalent (FTE) employees are required to provide health insurance to at least 95% of their employees or face a penalty. One key issue for employers is that many federal government entities are auditing small businesses with little to no coordination… Continue reading
Many doctors’ offices are open only on weekdays and during business hours. This also happens to be when most adults work and when children attend school. A 2010 survey of 11 countries found that Americans seek out after-hours care or care in a hospital’s emergency room more often than citizens of almost any other industrialized nation. More than two-thirds of Americans with a below-average income did so. But this isn’t just a problem for the poor. About 55 percent of those with an above-average income did so as well. Continue reading
As your small business evaluates health insurance, understanding cost is an important input. The cost of health insurance depends on a few factors such as: the type of health insurance purchased (ex: group health insurance or individual health insurance), the carrier and plan selected, your location, and your age (or employee census). This article breaks down the average cost of health insurance by state for two different small business approaches 1) individual health insurance with a defined contribution, and 2) group health insurance. Continue reading
The public health insurance exchange population likely will continue to be characterized by members who are sicker and costlier than people covered by group health plans, but sources say most health insurers are in it for the long haul. Continue reading
