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Over the past few years, many 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 platform. Any company with more than…
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The unrelenting trend in health plans is a spiraling and unsustainable inflation rate in medical costs. We all know this and see it every day. “American employers have arguably become the sloppiest purchasers of health care anywhere in the world.” – Uwe E. Reinhardt, economics professor at Princeton University The solution to this problem hinges…
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Are you ready to change the current health care plan trend – rising premiums and declining benefits? Then you need to get out there and make that change! You and your employees deserve the best you can get – without network restrictions and egregious pricing. You shouldn’t have to leave a doctor you love just…
Read MoreEffective October 31, 2014, the Centers for Medicare & Medicaid Services (CMS) Office of e-Health Standards and Services (OESS), the division of the Department of Health & Human Services (HHS) that is responsible for enforcement of compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) standard transactions, code sets, unique identifiers and…
Read MoreHealth premiums have risen 97% in the past ten years. For most companies, medical costs are the second largest budgetary expense, next to payroll. That is more than advertising, production, inventory, research and development, building space. You name it. The cost for health insurance is also rising fast than salaries. Are healthcare premiums squeezing your…
Read MorePCORI Fee IRS announced (Notice 2014-56) the PCORI adjusted applicable dollar amounts. For policy years and plan years ending on or after October 1, 2014 and before October 1, 2015, the adjusted applicable dollar amount is $2.08. For policy and plan years ending on or after October 1, 2015, and before October 1, 2019 the…
Read MoreMBA has been managing group health insurance for more than 30 years. In that time, medical technology, scientific research and community lifestyle trends have impacted both the onset and treatment of illnesses. Government regulations have transformed the way healthcare is managed and provided. Through all of that MBA has created innovative, systematic approach to promoting…
Read MoreMBA has been managing group health insurance for more than 30 years. In that time, medical technology, scientific research and community lifestyle trends have impacted both the onset and treatment of illnesses. Government regulations have transformed the way healthcare is managed and provided. Through all of that MBA has created innovative, systematic approach to promoting…
Read MoreThe Affordable Care Act was the brain child of President Obama, passed by Congress, and upheld by the Supreme Court. After modifications, provisions and set backs, all of those mysterious Obama Care regulations are transitioning from evening news headlines, to task lists and action items on the part of every medium to large business across…
Read MoreIf you are a human resources professional, an insurance broker, or a business owner dealing with medical benefits, the audacious challenge of choosing and managing healthcare can seem a bit overwhelming, especially with the new ACA regulations. At MBA we have been working as a third party administrator for over thirty years, and we are…
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