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What is the purpose of the Cadillac tax? First, the tax acts as a source of revenue to fund the costs of the ACA; second, to encourage the reduction of costs in providing health care; and third, to eliminate the tax benefits for employers who compensate their staff through benefits, rather than directly with taxable…
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By SPBA Active Past President Fred Hunt – September 8, 2015 As a starting basis, it is important to remember that employee benefits are a political orphan. Neither party nor left nor right are a natural enemy or friend of employee benefits. The good news is that we are not automatically on anyone’s political hit…
Read MorePersonal candid comments from SPBA Active Past President Fred Hunt Americans are starting the process of envisioning how each candidate might act as President on benefits & health issues. Therefore, this week’s e-mail is a very candid specific insider look into how the past 7 Presidents have actually functioned. Most of the time, what really…
Read MorePersonal candid comments from SPBA Active Past President Fred Hunt Americans are starting the process of envisioning how each candidate might act as President on benefits & health issues. Therefore, this week’s e-mail is a very candid specific insider look into how the past 7 Presidents have actually functioned. Most of the time, what really…
Read MoreIn 2015 100% of our clients received a reduction in their medical benefits rate. Yes, you read that right. Every single one of our clients, who are taking advantage of our cost saving program, The Open Solution saved money. That includes municipalities, Native American Tribes, private corporations and school districts. What if we were to…
Read MoreWhy do you continue paying outlandish premiums for your insurance plan? Why do your premiums go up every year? What if there was a way to keep employee premiums down without lowering benefits or raising deductibles? You need a smart alternative to the typical PPO network discounts that hardly make a difference in terms of…
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Free Bonus Chapter “End your frustration and take control. These are your keys to success: no network requirements in the plan, state-of-the art auditing and re-pricing of claims based on the actual cost of the procedure, customized plans to fit your corporate character and experienced medical management to reduce and eliminate hospital claims. Whatever you…
Read MoreIt is health insurance renewal time again. You mull over a couple of options provided by your loyal and trusted broker. Once again your premiums are going up, and will need to make room in your budget for the increase. This pattern of increasing costs is only going to continue year after year. You ask…
Read MoreMany companies have evaluated the increasing premium costs associated with their group medical insurance programs and have looked for ways to improve cash flow and economize on the budget for employee benefits. This has given rise to partial self-funding and insured stop-loss managed platforms. Any company that is not using this type of a plan…
Read MorePhyllis Merrill, CEO of MBA Benefit Administrators attended SPBA’s annual conference, held this year on March 18-20 in Washington DC. Merrill participated in a group discussion, with other leaders in the industry. Those in attendance included DOL, IRS, the Department of Health and Human Services, EEOC, and others. While most of these topics are still…
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