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KEEP CURRENT WITH FALL RIVER
Welcome to our Blog and Events Page. Stay afloat with our presentations and publications which contain valuable information to help you navigate the current.
We also welcome you to add our Fall River Newsfeed to make sure you receive the most up-to-date employee benefits information.
Are You on Pace for a Cadillac Tax?
While most employers are busy figuring out the 2014 impacts of the Affordable Care Act (ACA), there’s an important tax coming down the road in 2018 to plan for now.
The “Cadillac Tax” is a 40% excise tax applied to any plan whose premiums exceed certain thresholds in 2018. The intention of this section of the ACA is that extremely rich healthcare plans contribute to unnecessary utilizat ...
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Waiting Periods Clarified, Again
Just how long can you ask new employees to wait before enrolling in your benefits plan? We blogged back in September about the guidance issued on waiting period requirements of the Affordable Care Act (ACA), but there’s been an important clarification recently.
The ACA requires that waiting periods must not exceed 90 days, effective with your next plan year starting on or after 1/1/2014. ...
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Top Companies Cut Healthcare Trends by Over 3 Points
Towers Watson has again released its excellent annual Employer Survey on Purchasing Value in Health Care. The bottom line is that the most proactive and focused companies have been significantly beaten their peer companies when it comes to healthcare trends.
For the last four years, these “Best Performers” have consistently seen long term trends about 3.5% lower than the median company ...
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Three More Reasons to Consider Self Funding
We often talk to small and mid-sized employers about the advantages of a Partially Self Funded plan, which most large employers already use. These include the avoidance of most premium tax, more control over plan design, and access to data that you can use to lower future renewals.
But thanks to the January 2014 implementation of healthcare reform’s community rating requirement, the Afforda ...
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What’s Your 2014 Strategy?
Penalties, deadlines, maximum deductible requirements. These healthcare reform provisions are enough to make a business owner bury their heads in the sand until these provisions kick in come 2014.
Instead, we recommend to employers that you have a detailed strategy session now, so that you have time to prepare for the potentially big changes coming in 2014. For example:
1. Small employers ( ...
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