Group Health Insurance
The IRS announced that the ACA’s affordability contribution percentages for 2022 will decrease significantly—to 9.61% from the current limit of 9.83%. Consequently, large employers may have to adjust their employee contributions so plans remain affordable. This affordability percentage is significant under the ACA employer mandate pay-or-play rules. For a large employer (with 50 or more…
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Staying in the know is a crucial component to running a successful business. Last week the U.S. Treasury and the IRS announced an ACA reporting requirements extension for distributing information to employees. While the IRS is prepared to receive documentation of health coverage by employers, because of feedback from businesses, the required deadlines to report…
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Sometimes history provides the best perspective and subsequently solutions to life’s most challenging problems, for example runaway healthcare costs. Read on to learn a history lesson on the beginning of PPO networks and how the disconnect between medical services and the cost of service were born. The future is best planned for by looking in…
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 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…
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Phyllis Merrill is excited about the opportunity to present at this year’s Benefit Technology Summit, sponsored by BenefitsCONNECT. She will be speaking on the topic of group medical benefits, “The Only Way To Pay Less For Health Care Is To Pay Less For Health Care,” where she will discuss how employer groups can take control…
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What is it about the material Phyllis Merrill contributed to Brian Tracy’s new book, “UNcommon: Common Sense but Uncommon Knowledge from Today’s Leading Entrepreneurs and Professionals to Help You Lead an Extraordinary Life of Health, Wealth and Success” that is creating so much recognition? “Phyllis is driven and energetic and brings a different type of…
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In the current group health insurance scenario, if you’re like most companies and organizations, it’s unlikely you have anybody sitting on your side of the table protecting your interests. Consider that hospitals, doctors, insurance companies, pharmaceutical and medical device companies and even brokers are on the other side of the table from you while you…
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Are you tired of worrying about PPO networks and whether your employees’ doctors are a part of it? Are you afraid to change insurance companies because they use a different network? Do you really want to be in the position of making caregiver decisions for other people? What if you could do away with this…
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