What Makes a Great EAP?
Most employers now believe Employee Assistance Programs (EAP) are important elements in their total compensation and benefits offerings. They know the equation: by helping employees identify and solve personal concerns, EAPs create the opportunity for employees to focus and perform at their highest levels. The return for employers is proven time and again by staff […]
Shocking News: The Government Did Not Plan Well!
Employee Benefit Advisors believes the following is important information. It supports EBA’s belief that Healthcare is best served by the private sector. Imagine the total number of policies and comprehensive coverage if either a) the government had given one billion dollars away for insurance premiums, or b) allocated one billion dollars in claims for the uninsured. As for Medicare, we are headed […]
7 Advantages of Partially Self-Funded Health Plans
Obamacare allows no rate consideration for health conditions on fully-insured small group plans. Rates are the same whether a group is very healthy or very sick. Healthier groups must subsidize the cost for sicker groups. Since groups are not underwritten, the business owner usually has no way of knowing if the cost includes a subsidy […]
Healthcare Bluebook brings Price Transparency
Healthcare Bluebook provides transparency to consumers to compare healthcare costs and quality. Employers can provide a valuable tool to employees that will enable them to shop for the most affordable high quality care. How does Healthcare Bluebook work? Employees search for services using common language Employees learn the price range they can expect to pay […]
Humpty Dumpty Had a Great Fall
Employee Benefit Advisors blogged Oct 9, 2013 about court cases that have been falling under the radar. EBA said “These cases could dismantle health care reform as we know it.” – Yesterday the decision came down the “Court bars PPACA aid for federal exchange shoppers.” The decision has already been appealed, however, the way PPACA […]
Four Numbers that may cause you to say Four Letter Words
The U.S. Treasury Department and Internal Revenue Service has issued the final regulations on the employer mandate under the Affordable Care Act. The new 6055 & 6056 regulations are 227 pages long and Employee Benefit Advisors believes will prove to be the most cumbersome and costly part of Obamacare. We say costly because we believe […]
Charity & Community
Over $8,000 was raised for CARRFOUR by Mike Schunk / Employee Benefit Advisors working with the Miami Finance Forum. The event itself raised $1,360 and then for every dollar donated, Carrfour was able to leverage $5.00 in government funding. This means a gift of $1,360 will yield $6,800 in government funding for an impact value […]
How to choose a PEO – Part 3 (Payroll & Reporting Capabilities)
Payroll contains all the information needed to run the analyses need to comply with the complexities of PPACA. Thus your PEO should be able to run the reports to navigate through the ACA. Some PEO providers offer insight into only the parts of the law their system can interpret, the top tier vendor’s offer a […]
How to choose a PEO – Part 2 (Health Insurance)
Get a clear understanding of the health insurance. How is it rated? Ask about tier placement and get a guarantee you can only be moved down a few tiers in any one year. Ask for claims/utilization records supporting the decision. Key points for Health Insurance Renewals What rate increases have your clients experienced in the […]
How to choose a PEO – Part 1 (Transparency)
Many variables exist when choosing a PEO. – The first step is deciding IF a PEO is the right decision. It’s never always yes or no. You may have the goal of being in a PEO for the short term or long term. If short term you may be trying to correct WC, health insurance […]