Wizened consumers who are able to analyze their entire out-of-pocket exposure. Thats the goal of ConnectedHealths private exchange, says Joe Donlan, the companys president. However, he predicts that increased consumer engagement is just part of the wave toward more employers adopting private exchanges. Donlan shares his view on where the industry is headed and how brokers fit into the exchange system.
Americans approval of the Affordable Care Act is at a record low yet those uninsured who purchased coverage through the exchange are overall pleased with the quality of coverage they obtained.
The IRS plans to close a major loophole in the ACA by banning employers who offer skinny medical plans without hospitalization coverage from qualifying as minimum value plans under the health reform law.
A majority of brokers have seen some of their employer clients drop group coverage altogether in reaction to the ACA and double-digit rate increases. That trend, they say, will rise and advisers need to adjust the way they do business if they hope to survive.
Delays, limited awareness, competition and insufficient subsidies among problems outlined in a Government Accountability Office report on state and federal small group exchanges. CMS says brokers will play a key role in any future growth.
A recent Reagan Consulting study found that independent insurance brokers are under-hiring, new employees are struggling and a huge majority of new hires come from within the industry.
There are many Affordable Care Act requirements that employer clients must keep track of, and a benefit administration system can be the answer. But how exactly do they help, and what role does an adviser play in the process? Watch as Beverly Beattie, CEO of Selden Beattie Benefit Advisors, and Jamie Hawkins, CEO of Benefit Technology Resources LLC, share why an adviser is the quarterback in this process and how to pick the right system.
Acquired by Towers Watson in November 2013, private exchange provider Liazon is navigating a unique space. It is both owned by a consultancy and used by that firms competitors. Alan Cohen, co-founder and chief strategy officer of Liazon, discusses how all brokers fit into the exchange equation and what, in his view, makes an exchange, an exchange.
A little-known special enrollment period under the Affordable Care Act allows for small employers to pick up group health care coverage regardless of whether they meet minimum participation or contribution requirements.
An onslaught of Dec. 1 renewal dates means premium rates remain steady for now, but advisers need to prepare for heavy 4th quarter workloads.
With the Affordable Care Acts new reporting requirements fast approaching, employers and their benefit advisers need more than ever to keep abreast of whats happening with the ever-changing health care reform law. Here are five ACA issues the national law firm Epstein Becker Green says employers need to be following.
CMS promises better, but brokers expect more disconnected phone calls, incorrect information and a difficult time processing applications for enrollment on Healthcare.gov.
A fix is in the works to ensure agents and brokers can identify themselves and therefore receive commissions for their work on the federally-facilitated marketplace, an agency official at The Center for Consumer Information and Insurance Oversight said Tuesday.
Aon Hewitt expects more than 1.2 million employees, retirees and their families to choose health benefits through the companys exchanges revising their earlier estimates upward.
Walmarts announcement this week that it will drop health care coverage for its part-time employees reiterates that employer-sponsored health care coverage is changing, and those benefit advisers who plan to remain relevant to clients must change, too.