There are many reasons why more people don’t take advantage of the savings that come from an HSA (Health Savings Account), but a primary one is that most employers do not inform their employees about how HSAs work and help employees and their families. After all, using an HSA to pay...
Long considered an alternative market, Captive insurance programs are steadily moving to the forefront of business insurance choices. In this blog, I’ll explain exactly what a captive is, how a captive works with business taxes, and the benefits of captives. I’m indebted to an article published online by the International...
The relationship between employers and employees can be successful – and it’s usually dependent on the employer’s ability to make good decisions. If the employees are thriving, healthy and happy, the employer most likely has a strong and secure decision-making process that helps the employees – and the company – succeed. Of...
Employers know that the cost of providing health insurance to employees can be a high cost line item, usually second only to payroll. Worse, it can be a fast rising cost that you have little or no control over. It’s a crazy system that makes you choose an employee health plan...
A recent online article by Michael Schroeder recommends what I’ve been advising my clients for years: employers can control an expense that is rising by double digits through self-funded ”captive” employee health insurance. You’d be smart to do it. The average cost of insuring a family is rising past $25,000 annually,...
We’ve been hearing rumblings about this merger for quite some time and it has finally happened. CVS Health announced that it plans to acquire Aetna, one of the nation’s leading diversified health care benefits companies that serves about 44 million people. Assuming this is approved by shareholders and gets the green...
The healthcare vote in the Senate has been delayed because they do not have enough votes to get it through the Budget Reconciliation process, which requires 51 votes to pass. In addition, if something isn’t passed by August 1 of this year, I think they will move on to tax reform and...
Here in California, it’s safe to say we as a State would not be asking the federal government for a waiver. The State of California has been a big proponent of the ACA and the Covered California Exchange. If more control is left up to the States it’s the “ Status...
It’s a confusing time right now … here are a few thoughts on the health care bill before the Senate. If the Senate does away with the Individual Mandate, then they need to come up with a way to keep healthy people from exiting the market. One strategy they came up with...
In order for small and mid-sized companies to stay relevant and recruit top talent, especially among millennials who are projected to make up 50 percent of the U.S. workforce by 2020, they will need to keep pace with the latest advancements in HR technologies. Employees are increasingly going online to enroll...