As many analysts projected, premiums continue to rise, forcing many employers to manage this expanding price tag by shifting costs to their employees. As UBA reported in its breaking news, this cost shifting took the form of higher deductibles, out-of-pocket maximums, and copays for both singles and families. According to the 2015 UBA Health Plan … Continued
Employers breathed a sign of relief when the looming Cadillac tax was delayed. But are you subject to other fees and penalties under the ACA? The ACA has introduced a multitude of new fees that employers must pay, in addition to penalties for non-compliance with employer shared responsibility rules. These dollar amounts change annually, as … Continued
According to the 2015 UBA Health Plan Survey, fewer employers are offering bonuses to waive coverage, but for those that do, the bonus amount is on the rise. Only 2.9% of employers offered a bonus to employees to waive medical coverage in 2015, a 17.1% decrease from 3.5% two years ago. The average annual single … Continued
Are you benchmarking your health plan correctly? If you are using data from your carrier or a small study of only large employers, chances are you are not effectively analyzing your rates. To truly benchmark your plan, you need to compare your plan to others in your state, industry, and size category. That’s the best … Continued
January is National Glaucoma Awareness Month, an important time to spread the word about this sight-stealing disease. Currently, more than 3 million people in the United States have glaucoma. The National Eye Institute projects this number will reach 4.2 million by 2030, a 58 percent increase. Glaucoma is called “the sneak thief of sight” since … Continued
With the New Year comes many traditions: singing Auld Lang Syne, the midnight kiss, and resolutions. In the HR world, the New Year means compliance requirements and constant deadlines. So at ThinkHR we wanted to help you bring in 2016 with an articulate chart providing important summaries of federal posting rules. We advise that all … Continued
The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers to offer covered employees who lose their health benefits due to a qualifying event to continue group health benefits for a limited time at the employee’s own cost. COBRA provisions are found in the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code (Code), and … Continued
With any new year comes a clean slate and a chance to take on new goals. For many, resolutions revolve around healthy changes, but experts caution that resolve begins to waver at the end of January — which is why setting specific, realistic goals is proven to be more effective. “When it comes to fitness … Continued
By Elizabeth Kay, Compliance & Retention Analyst AEIS Advisors, A UBA Partner Firm Have you ever overheard the new employee in the break room, bragging about how good their health insurance was with their previous employer, and how much less expensive it was than the coverage they are currently being offered? You may think ”If … Continued
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