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How Telemedicine Can Reduce Employer’s Health Care Costs

How telemedicine can reduce health care costs

When Debbie’s 7 year old daughter came home from school on Friday afternoon with a sore throat and fever, Debbie had no time to drop everything and take her daughter to an urgent care center. The thought of spending hours in an urgent care center waiting for a doctor to diagnose her daughter was not […]

High Deductible Health Plans Can Be Very Costly

High dedcutible plans very costly

The High Deductible Health Plan Nightmare. According to a recent Gallop Poll, the percentage of uninsured Americans is now the lowest it has been since the 1980’s. The people without health insurance is currently estimated at about 12.9%. Sounds like good news and that The Affordable Care Act is working, right? Don’t be so sure. […]

What is the Individual Mandate Fee?

Tax season is right around the corner and many Americans might be surprised to find out they will have to pay The Individual Mandate Fee or health insurance penalty this year What is The Individual Mandate Fee? In accordance with The Affordable Care Act (ACA), every American is required to have health insurance coverage. If […]

Employer Reimbursement of Individual Health Insurance Premiums

Can an employer reimburse employees for individual health insurance? In other words, can an employer cancel the company group health plan, allow the employees to buy individual health insurance and reimburse the employ for the premium? The simple answer is no. On November 6, the Department of Labor issued additional guidance on the affordable care […]

How to Avoid Double Digit Group Health Premium Increases

Group health insurance premiums continue to rise despite political promises that The Affordable Care Act will “level out” health insurance premiums.  Small businesses can avoid Double Digit Group Health Premium Increases next year by offering individual health insurance plans to their employees and implementing a Premium Reimbursement Plan. Group Health Insurance Premiums Continue to Sky-Rocket […]

Health Reimbursement Accounts for Employees

Health Reimbursement Accounts for employees is a strategy that employers can use to reduce group health insurance premiums. A Health Reimbursement Account (HRA), or also known as a Health Reimbursement Arrangement, is an employer-funded, tax-advantaged program that reimburses employees for out-of-pocket medical expenses. It is IRS approved under Section 105 of the IRS code. Used […]

IRS Releases High Deductible Health Plan Limits For 2015

The IRS has just released their new 2015 Health Savings Accounts (HSA) and High Deductible Health Plan (HDHP) contribution guidelines for 2015. The contribution limits are up slightly for next year and are updated annually to reflect cost of living adjustments. Below are the new 2015 HSA Contribution Limits announced by the Internal Revenue Service […]

ObamaCare is Increasing the Cost of Healthcare to Large Employers

According to a recent survey conducted by the American Health Policy Institute, Obamacare is increasing the cost of healthcare to large employers and will cost them more – a lot more. Estimates range between $4,800 and $5,900 more per employee. These additional costs will add hundreds of millions of dollars to employer’s bottom lines and […]

Obamacare Self-Defense Strategies For Small Businesses

Obamacare Self Defense Strategies For Small Businesses Obamacare has made providing health insurance confusing for many small businesses. Small business owners are struggling with rising health premiums and wondering if it might be smarter to just cancel their group health plan and send their employees to the exchanges to purchase health insurance. But before you […]

Health Insurance Secrets The Pros Don’t Want You To Know

Is your health insurance company keeping secrets? Here are the health insurance secrets the pros don’t want you to know. Every day, healthcare costs go up and up. No matter what type of healthcare coverage you are looking for or what company you choose, it seems the cost of insurance coverage increases every day as […]