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Amid the unparalleled demand for healthcare workers, physical therapists (PTs) have emerged as some of the most vital. In fact, according to recent statistics on the physical therapist job market, this career has a growth increase of 21%. This is much faster than the average job growth in most of the other sectors. But why have…
Read MoreAccording to the latest Kaiser Family Foundation’s Survey of Employer Health Benefits, 64 percent of employed, insured workers are covered under self-funded plans. Under Self-Funded plans, the employer is financially responsible for healthcare claims incurred by employees, as opposed to traditional fully-insured plans, which come with ever-rising premiums, administrative costs, and profit margins. At first…
Read MoreWe are pleased to announce that David Jones has joined MBA Benefit Administrators as the Business Development and Broker Relationship Manager. He will work as a liaison between MBA and Brokers, assisting with employer groups for new business, renewals, and plan set-up. David has more than six years of financial/health and benefit industry experience and…
Read MoreThere is some good news for employees with a qualifying event who chose not to take COBRA or who are no longer enrolled in COBRA. Under the American Rescue Plan Act of 2021 (ARP), qualified beneficiaries covered from April 1, 2021 to September 30, 2021 get a second chance at coverage with a 100% subsidy.…
Read MoreMBA executives and underwriting specialists have been involved in the quoting process and working with the underwriting process for self-funded plans over the last 30 years. So, we have seen our fair share of underwriting issues. We recently attended a seminar where we learned the methodologies insurance underwriters use to rate plans. During this event,…
Read MoreWith more and more states legalizing the use of medical marijuana, many people are turning to it for relief from a wide range of different medical ailments. Unfortunately, despite the fact that many people find relief from its use, and a lot of doctors are prescribing it for their patients, many insurance plans in the…
Read MoreIn 2018 there will be an estimated 1,735,350 new cancer cases diagnosed in the U.S, and 609,640 deaths. As tragic as those numbers are, what makes it even worse is that they are not just statistics. The word “cancer” isn’t just about the disease. We all are crushed by it; family, friends and maybe even…
Read MoreIn the economic atmosphere of rising premiums and decreasing benefits, at MBA Benefit Administrators, we are transforming the healthcare landscape nationally, in part due to our partnership with ELAP, a medical bill audit and repricing company which provides fiduciary protection to our clients. This week ELAP is happy to announce that a Spanish speaking que…
Read MoreWe received this email alert from the SPBA on November 18, 2016: ACA Reporting Delay IRS just released Notice 2016-70, extending the due date for furnishing to individuals 1095-C, Employer-Provided Health Insurance Offer and Coverage, as well as 1095-B from January 31, 2017 to March 2, 2017. The Notice also extends good-faith transition relief from…
Read MoreMBA would like to express its gratitude to the veterans that work for MBA and all those who have given and risked so much serve and allow us to have the freedoms and rights that we enjoy as a nation today. Veterans currently with MBA include: Vice President, Vince Klingler, who served in the Utah…
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