Self Funded Insurance
Proposed Allowance of Association Health Plans Benefits Small Employers and the Self-Employed
By Executive Order from President Trump, the Dept. of Labor has been instructed to draft language allowing for Association Health Plans. This will allow small employers and the self-employed to purchase health coverage based on “commonality of interest” as opposed to current regulations which require a common employer relationship. This is potentially good news for…
Read MoreEmployee Benefits Policies of 7 Presidents: a Historical Perspective
By SPBA Active Past President Fred Hunt – September 8, 2015 As a starting basis, it is important to remember that employee benefits are a political orphan. Neither party nor left nor right are a natural enemy or friend of employee benefits. The good news is that we are not automatically on anyone’s political hit…
Read More2015 SPBA Conference Recap
Phyllis Merrill, CEO of MBA Benefit Administrators attended SPBA’s annual conference, held this year on March 18-20 in Washington DC. Merrill participated in a group discussion, with other leaders in the industry. Those in attendance included DOL, IRS, the Department of Health and Human Services, EEOC, and others. While most of these topics are still…
Read MorePartial Self Insured Medical Benefits – Your Powerhouse Savings Tool
Did you know that roughly 100 million Americans are covered by their employer’s self insured health plan? 57% of all health benefit plans in the United States are self funded. Thanks to the passage of the Employee Retirement Income Security Act (ERISA) in 1974 by Congress, regulations utilized by self funded plans include special exemptions…
Read MoreSelf Funding and Insured Stop-Loss Managed Platform
Over the past few years, many companies have evaluated the increasing premium costs associated with their group medical insurance programs and have looked for ways to improve cash flow and economize on the budget for employee benefits. This has given rise to partial self funding and insured stop-loss managed platform. Any company with more than…
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