Private exchanges increasingly will feature single-carrier rather than multicarrier networks as well as more expansive product lines.
The National Business Group on Health's new CEO, Brian Marcotte, discusses two issues employers are focused on right now besides ACA compliance, and warns that accountable care organizations run the risk of being stereotyped the same way managed care organizations were 20 years ago.
Janet Trautwein, CEO of the National Association of Health Underwriters, talks about ACA compliance and how the midterm elections might affect the ACA and ultimately brokers two of the topics that will be discussed at the group's annual conference at the end of the month. She also highlights three major trends in benefits, including exchanges, that advisers should be keeping tabs on.
Several benefit brokers share their experiences with using TV ads during open enrollment 2014.
Insurance carriers are proposing a series of solutions to make the ACA exchanges more consumer-friendly, but not all brokers and agents agree with the ideas.
The harsh reality for a couple retiring at age 65 this year is that they will need a small fortune just to cover their medical expenses in retirement.
Although a vast majority of employers plan to continue providing health care benefits for their employees, many are taking drastic action to mitigate the health care reform laws financial effects on their benefit strategies.
CMS has granted 18 states a delay in enacting employee choice on the SHOP exchange, which some advisers feel is the only incentive for employers to enroll on the exchange at all.
The emergence of public and private health insurance exchanges, as well as the ongoing shift toward placing more responsibility on workers for health plan decisions, is creating a new normal for employers and employees alike.
Potentially a result of complaints from consumers and increased competition on the ACA exchanges, benefit brokers may be pleased to find more options on the 2015 plans.
Employers in Southeast Michigan have projected an increase in health care costs this year. Still, to retain talent, businesses say they intend to continue offering health benefits to full-time employees, despite price increases resulting from the ACA.
Millions of ACA application inconsistencies come as no surprise to benefit advisers and could trigger an influx of business to brokers from confused 2015 ACA enrollees.
CMS says benefit brokers and advisers are expected to be able to enroll their small business clients on the federal SHOP exchange online by sometime later this year.
Benefit advisers are poised to close the gap between employers need to control health costs and comply with the health law and employees lack of interest in taking ownership of their health care choices.
Benefit insiders predict a steep decline in small business group health insurance sales in the coming years, which could prove harmful for many independent brokers and agents.