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Fall River has written in past articles about how Health Reimbursement Arrangements (HRAs) can be a valuable cost-containment strategy while effectively rendering employees’ benefits unchanged. We recently completed an internal analysis of one client who was able to slash their effective renewal increase down from 15% to 5% by adjusting and expanding their HRA.

The Kaiser Family Foundation has released their 2020 Annual National Employer Benefits Survey. The survey has been tracking benefit statistics from private and public employers (other than the Federal Government) in the United States for the last 22 years. The 2020 survey included interviews with 1,765 employers.

Friday, 09 October 2020 10:59

Medical Loss Ratio Rebates

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The Medical Loss Ratio obligations under the ACA cap the percentage of premium dollars health insurers may use for administration, marketing, and profits. If a health insurer collects more than the allowed amount for these spending categories, they must provide a rebate to affected groups. A few of the medical carriers have recently sent out Medical Loss Ratio (MLR) rebates, so it’s important to know what can be done with that money. If employees paid any portion of the monthly premiums, employers will likely need to share the rebate with them.

Thursday, 24 September 2020 22:33

Taking Virtual Open Enrollment to the Next Level

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It’s clear that virtual open enrollment meetings are part of our new normal. Whether you’ve been doing them for years or for the first time this year, there’s a lot to consider if you want to make them as successful as possible. Fall River has been assisting our clients with ideas and best practices to make the process as seamless and engaging as possible for HR professionals and employees. Our national partner, Alera, hosted a great webinar in early September entitled Taking Virtual Open Enrollment to the Next Level

The COVID-19 outbreak in 2020 has created new challenges for families and employers, and has sparked much discussion about a more formal Family and Medical Leave policy. On the upcoming Colorado November ballot is Proposition 118, which introduces a Paid Family and Medical Leave Insurance Program for eligible employees with benefits that would begin in 2024. 

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