With the advent of the Affordable Care Act, strategic planning for benefit plans has taken on a new level of importance. Yet very few employers have a strategic plan in place for benefits, said Bill Hembree, CEO, Health Research Institute during this weeks Benefits Forum & Expo in Boca Raton, Fla.
Health care reform has presented employers plenty of new challenges to grapple with when it comes to offering health care coverage, and, many say, has expanded the critical role of benefit advisers who heed the call.
As more and more companies are flooded with administrative duties due to the Affordable Care Act, cloud-based HR and benefits systems such as Zenefits are starting to gain a substantial hold in the employer market.
Premiums for health plans purchased on the Affordable Care Acts Small Business Health Options Program exchanges were slightly cheaper than plans only offered elsewhere, a recent study found, but advisers say the study misses the big picture.
The Employer Measures of Productivity, Absence and Quality program, originally launched in 2001, is getting a new life after a two-year pause thanks to the National Business Group on Healths partnership with Truven Health Analytics.
The American Benefits Council has introduced its strategic plans for health and retirement policy, providing 46 specific regulatory recommendations for Congress to consider in easing the burdens on employees, employers and government agencies.
Commentary: Despite perceived cost savings, most narrow networks have actually missed the opportunity to improve value and their lack of transparency threatens to unleash a ferocious consumer backlash, says Dartmouth's Scott Wallace.
Walgreen Co.s director of health, benefits and wellbeing knew his company, like most in the U.S., was on an unsustainable path of increasing health care costs combined with employees who didnt focus on their wellbeing. But when the companys senior directors started thinking about moving employee health care offerings to a private exchange, he was adamantly against it.
Simeon Schindelman, CEO and chairman of private exchange provider Bloom Health, outlines why accountable care organizations are appealing and cautions employers to be very clear with employees about the tradeoffs.
Last week Apple unveiled its Apple Watch and Apple HealthKit app to much fanfare. But how these new technologies will fit into or transform the health care landscape remains to be seen. Catch up on EBAs coverage and analysis of the event to see how these new technologies could impact the benefits business.
Commentary: Evolving technologies are creating a major shift in the enrollment landscape. Brokers and benefit advisers hoping to offer clients customized solutions need to stay in the know.
Predictions for 2014 open enrollment include more than 3 million employees being covered under private exchanges. Is this the new trend in employer-sponsored health care coverage?
Commentary: Consider that employers nationwide spend billions of dollars to give their employees access to medical care and other important insurance coverage. While most businesses offer health and welfare benefits to remain competitive for talent, they end up creating a valuable by-product in the process.
A majority of employers, large and small, are embracing wellness programs as a means to improve employee health and, hopefully, cut rising health care costs.
New research points to low-cost consumer-directed plans as being a key strategy in thwarting rising health benefit costs.