Reference Based Pricing – What Employers Need to Know
Background on Reference Based Pricing Health insurance premiums have been steadily increasing for the past decade. So it’s no surprise that employers have been searching for less expensive ways to cover their workers. And recently, a promising new insurance model called Reference Based Pricing has been gaining popularity. So how […]Read More
The New Hire Waiting Period – Thoroughly Explained
So you’ve hired a new employee. And one of their first questions is, “When will I be eligible to go on your benefits?”. You think to yourself, is it 90 days? Is the dental waiting period different than the medical? And you remember that the last time you added a new […]Read More
A Look Ahead at December Renewals
December is still pretty far away. But, thanks to new health insurance transparency laws, your renewal rates are now available. And, better yet, alternative plans and prices are also within reach. So, let’s go inside the numbers and get you prepared, with a look ahead at December renewals. Why so […]Read More
Will the HSA Save the Day?
Many politicians have touted HSAs as a fix to our healthcare crisis. In fact, HSA expansion is a key part of the American Health Care Act, the legislation slated to replace Obamacare. But what are HSAs and how can they be used to fix America’s healthcare problems? Let’s take a deeper […]Read More
How to Fire an Employee the Right Way
In his reality show, President Trump would terminate employees with two simple words, “You’re Fired”. In the real world, it’s not quite that easy. Whether you are terminating a worker for bad behaviour or handing out pink slips due to budget cuts, the process can be painful. So let’s dig a bit […]Read More
Why Obamacare Failed… and Trumpcare will too!
Should’ve Called it the Accessible Care Act You would think, with a name like the Affordable Care Act (ACA), the law would be sharply focused on reducing healthcare costs. And yet in the original 2,000 plus page bill, it is sparsely mentioned. Instead the legislation aims its attention at accessibility to health […]Read More
Trumpcare – An Early Look
Get my crystal ball We begin our Trumpcare series with a look at some of its key features. And while nothing is written in stone, there are two leading proposals, the Patient Care Act from Senator Orrin Hatch and A Better Way by House Speaker Paul Ryan. Their plans share some […]Read More
Does Your Company Qualify for Group Health Insurance?
Interest in Group Health Plans is on the Rise There are some major advantages to group health insurance versus an individual policy. First, group plans are now far less expensive than individual coverage, at least in Pennsylvania. Check out this example quote comparison report to see for yourself! Next, a company health plan can […]Read More
3 Common but Costly Compliance Mistakes
When the compliance police come knocking According to a recent interview with a leading Pennsylvania payroll company, there was a 300% increase in small business compliance audits in 2016. And the trend is likely to continue this year. While there are plenty of regulations to consider, we wanted to focus on […]Read More
New Health Insurance Options for PA Small Businesses
A light at the end of the tunnel Finally, after 6 years of the Affordable Care Act (ACA), new health insurance options for PA small businesses are starting to pop up. And just in time too, since our local insurance market was beginning to look quite grim. Why PA Needs New Health […]Read More