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Friday, 22 November 2019 10:32

Using HRAs to Slash Healthcare Trends

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Most HR professionals have heard of a Health Reimbursement Arrangement (HRA), but may be unsure about the different types and how they can help both employers and employees save significantly on healthcare costs. There are now several types of ACA-compliant HRAs, but this month we’re focusing on Group Coverage HRAs. 

Friday, 15 November 2019 11:40

Making Spouses Coverage Work for You

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It’s renewal season, a time when we are all painfully reminded that the cost of healthcare keeps going up. In order to stay competitive, employers want to keep their benefits packages extensive and their contributions generous, but how to manage that desire against the reality of cost? One way to tackle this is by considering alternate contribution structures for spousal coverage. 

On October 23, 2019, The House Ways and Means Committee voted to send two bills to the House floor for a vote that could favorably impact healthcare consumers.

Jared Polis signed a new law in May 2019 that caps the cost of Insulin at $100 for a 30-day supply, regardless of the supply an individual requires. This is great news for the Colorado diabetic community, but critics speculate on a resulting rise in premiums as insurance companies are left to pay the balance. 

Despite numerous attempts over recent years to repeal The Affordable Care Act (ACA), the requirement for certain reporting is still the law of the land. The deadline of January 31st, 2020 to distribute 1095-Bs or 1095-Cs to employees is fast approaching, and vendors get booked up early to complete the filings. Are you ready, and do you have your reporting vendor lined up yet?

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