Christina Merhar is the Senior Editor for Zane Benefits, the leader in individual health insurance reimbursement for small businesses.
Christina joined Zane Benefits in 2012 and has a passion for helping small employers understand the ins and outs health benefits and Human Resources. @ChristinaAtZane
As Health Reimbursement Plans (HRPs) grow in popularity as a way to contribute to employees’ individual health insurance policies, I often hear questions from small businesses about what they are and how they work under the Affordable Care Act. I also hear misconceptions. So, to help owners and managers understand how HRPs work, I’ve outlined 12 quick facts with links to learn more. Understand these 12 facts and you’ll be well on your way to understanding the nuts and bolts of HRPs.
A decade-long trend of moderate increases for employer-sponsored health insurance premiums continues, with premiums increasing 4 percent in 2015, to $17,545 a year for a family. Additionally, deductibles for employees have risen nearly three times as fast and premiums and seven times as fast as wages and inflation. These are the key findings from the annual Kaiser Family Foundation (Kaiser) and Health Research & Educational Trust (HRET) health benefits survey, released this week.
For most employers, the Affordable Care Act (ACA) has brought increased healthcare costs and administrative time. One way employers are dealing with ACA compliance is with technology. In fact, the market of ACA compliance software is growing rapidly. From startups to payroll companies to veteran health insurance companies, there are a variety of companies offering compliance technology solutions to help employers manage compliance efficiently and accurately. Here’s a look at three areas where ACA compliance technology aims to help.
For many health insurance brokers and agents, Marketplace “navigators” and “assisters” may as well be four letter words. And, rightfully so. The newly created navigators and assisters were given a clear role in the Marketplaces, while experienced brokers and agents had to wind a challenging maze just to register, become certified, and receive commissions with the Marketplaces. The Marketplaces did not make it easy for brokers.
Individual health plans are now more accessible and affordable. As such, it is more and more common for small business owners, their families, and their employees to be covered under an individual health plan. Under new health reform ("Obamacare") rules, however, there are limited windows when you can purchase guaranteed-issue coverage. In this article, we answer the frequently asked question, “When can I buy an individual health plan?”
As the individual health insurance Marketplaces prepare to open on November 1 for the 2016 enrollment period, all eyes are on the plans, providers, and premium costs. Recently, the Kaiser Family Foundation (KFF) released premium data for twelve major cities, where complete data is available. While not comprehensive national data, this report provides a preview of individual health plan premium rates for 2016. Here’s a summary of what to expect in 2016.
As employers see the advantages of modern individual health insurance, a common health benefit strategy is to reimburse employees for their premiums. As employers explore options, a common question is, “Can we provide employees cash for premium payments?”
Under the Affordable Care Act (also known as the ACA or Obamacare), group health plans must cover certain preventive services without any participant cost-sharing. This provision is required under PHS 2713 and is often called the preventive care or preventive services requirement. This article outlines the ACA preventive care rules.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.