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Are Level Funded Health Plans Your New Benefits Alternative?

PeopleStrategy

HR departments are charged not only with finding employees comprehensive and affordable benefits including health insurance coverage, but also watching their part of the overall company bottom line. This is where level funded health plans can come into play. You also need to review the compliance requirements.

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Transparency: Machine-Readable File Requirement Goes Into Effect Today

AssuredPartners

Beginning July 1, 2022, the Consolidated Appropriations Act, 2021 (CAA) requires non-grandfathered major medical group health plans and insurance carriers to disclose detailed pricing information in two separate machine-readable files (MRFs). MRF files are not intended to be a member-utilized resource.

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The Fair and Reasonable Renewal Rate: the Art of Carrier Negotiations

Corporate Synergies

Annual health insurance carrier negotiations doesn’t have to be a contact sport. During carrier negotiations, employers naturally seek the lowest rate increase, while carriers typically propose a high increase. On the other hand, a long-term carrier relationship yields benefits for you and your employees.

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Healthcare and Insurance Industry Consolidation: A Bitter Pill?

Corporate Synergies

So far, the trend toward retail pharmacy, PBM and health insurance industry consolidation doesn’t seem to benefit all stakeholders. Here’s why… Insurance industry consolidation is occurring at an unprecedented rate. Health insurance industry consolidation hasn’t been good for healthcare consumers or employers.

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Benefits Advocate: The Secret to Healthcare Literacy and Cost Control

Corporate Synergies

A benefits advocate who delivers the how and why of plan use when employees are asking for assistance helps the employer control health insurance costs. Health events tend to be emotional for employees to navigate; it’s a situation that’s rife for potential errors in judgment. As Seen In. RELATED TOPICS.

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How Does an Employee Benefits Survey Help a Company Grow?

Vantage Circle

Benefits include health insurance, retirement plans, flexible work arrangements, professional development stipends, and other offerings to support well-being and life outside work. What aspects of our health benefits work well for you? What aspects of our health benefits are most frustrating or confusing?

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What PBM-carrier Mergers Mean for Employers and Benefits Plans

Corporate Synergies

There are plenty of reasons to be skeptical about the so-called benefits of PBM-carrier mergers. Consolidation in the insurance industry—integrating pharmacy benefit managers (PBMs) into carriers—is bringing change to the way employers buy health insurance and how employees and consumers use it.