Towers Watson has spent nearly a billion dollars of its own capital to build out its private exchange offering, OneExchange, through acquisitions. Jim Foreman, Towers Watsons director of exchange solutions, shares how voluntary continues to grow in a private HIX marketplace and why more and more employers are expressing interest in the offerings.
Health care reform is presenting the biggest challenge in more than 30 years in employee benefit advising, say EBAs advisers of the year. Watch as the best of the best, Employee Benefit Advisers 2014 Advisers of the Year in health, voluntary and retirement discuss the top issues for 2015 and provide tips for those looking to enter the industry.
HHS is proposing to make some significant changes to the rules governing the Affordable Care Act, including a shortened time period for open enrollment and training requirements for brokers and agents.
U.S. House Republicans made good on a vote to sue the Obama administration over implementation of the 2010 health-care law with a lawsuit naming the Department of Health and Human Services and the Treasury as defendants in what they claim to be a case of constitutional overreach.
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.
The Supreme Court in 2014 weighed in on key labor and employment cases, delivering opinions that promise to have significant ramifications for employers and benefit plans.
Health insurance industry has lowest satisfaction rating in nearly a decade, report says.
Commentary: Private exchanges are not the one-size-fits-all solution some in the benefit industry think they are, says broker Judy Miller. The veteran adviser shares her opinion about the promises and pitfalls of the private exchange solution.
Blue Cross Blue Shield is requiring all agents in the individual market in one state be certified to sell in the states federally facilitated marketplace even those who only sell outside of the exchange.
The HIX marketplace may offer Americans more choice when it comes to health insurance, particularly as public exchange options expand, but it continues to complicate life for HR professionals.
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.
Commentary: Are private exchanges just a flex benefits reboot? Locktons Mike Smith shares what he thinks will affect their success and adoption.
On Saturday, the first day of enrollment for 2015 Obamacare plans, the federal insurance website was working well enough that 100,000 people submitted applications, U.S. health secretary Sylvia Mathews Burwell reported.
As an effort to comply with the ACA, some employers have been considering offering employees a lump sum of cash to purchase health care coverage on the exchanges, but the DOL now says such an arrangement isn't going to cut it.
The Obama administration forecast that as many as 9.9 million people will sign up for health coverage under Obamacare this year, 3 million below a previous estimate from the Congressional Budget Office.