The IRS has been sending penalty notices to more than 30,000 businesses nationwide, advising them that they may be out of compliance with the Affordable Care Act employer mandate. The tax agency said those employers are on the hook for a total of roughly $4.3 billion in fines. While the individual mandate has been repealed […]
IRS Issues 30,000 ACA Penalty Notices Read More »
The US is experiencing a prescription drug pricing epidemic, and some drug companies are driving a wedge into the health insurance model by severely jacking up pharmaceutical prices to astronomical levels. Unfortunately, the cost of some drugs has become so extreme that by paying for one prescription it could take decades to recoup the cost
Skyrocketing Drug Prices Threaten Health Insurance Model Read More »
As the number of employers offering high-deductible health plans continues growing, the spotlight recently has highlighted an inconvenient truth: some employees are going broke and filing bankruptcy because they cannot afford all of the out-of-pocket expenses and deductibles they must pay in these plans – just like the bad old days in the 1990s and
Employers Rethink HDHPs as More People Struggle with Medical Bills Read More »
The Department of Labor in June issued its final rules for expanding employers’ access to association plans, a move that could result in some increases in premiums for other plans, including Affordable Care Act-compliant small group health plans. The rule in its essence allows more small businesses and self-employed workers to band together to buy
DOL Issues Final Rules for Association Health Plans Read More »
The IRS has released the inflation-adjusted amounts for 2019 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s employer shared responsibility provisions. For plan years beginning in 2019, the affordability percentage has increased to 9.86% (from 9.56% in 2018) of an employee’s household income or wages stated on their
DOL Employers Expect 6% Hike in Health Costs for 2019 Read More »
If you don’t know Barry Moltz of Business Insanity podcast – you need to get him on your radar. He is a wonderful host who is enthusiastic about introducing you to the people and ideas that can improve your life. On this episode, we talk about control and predictability to provide benefits, offer quality access
Business Insanity Podcast Read More »
In 2015, spending on prescription drugs grew 9%, faster than any other category of healthcare spending, according to the U.S. Centers for Medicare and Medicaid Services. The report cited increased use of new medicines, price increases for existing ones, and more spending on generic drugs as the reasons for this growth. Increasingly, though, observers of
Pharmacy Benefit Managers: A Break On Rising Prescription Costs Or a Cause of Them? Read More »
In this infographic, we illustrate how skyrocketing healthcare and health insurance costs are stealing profits from companies and undermining wage increases. Working with a Next Generation benefits advisor can help you reject the status quo, making your benefits plan a valuable business tool.
Infographic: How Healthcare is Robbing Companies Blind Read More »
In this document, we provide you with a summary of steps in the healthcare supply chain where your advisor can help you reduce costs. By being informed, you’ll make the best decisions for your employees and your bottom line. Managing the ‘supply chain’ is a standard practice in virtually every industry because of the significant
White Paper: How Managing the Healthcare Supply Chain Creates Savings for Your Business Read More »
Efficiency vs. Effectiveness There has been a lot of discussion lately about the changing nature of the CFO’s role. There are many people who write eloquently on the subject, and I am a huge fan of Peter Chisambara of ERMP Insight. His latest blog post, Finance Transformation: From Efficiency to Effectiveness, talks about how the CFO
Efficiency vs Effectiveness Read More »
This is the face you make after a minor mishap with filming!
My introduction before Craig Lack is now long lost footage.
That’s show biz, right?!
The good news is that Craig is talking about the strategies we’re both using to help organizations liberate the dollars trapped in their health spend.
I’m available after you watch and learn to talk the nitty gritty – how it works, implementation, executive buy-in and employee adoption.
Happy Watching!
