CADILLAC TAX AND OTHER KEY ACA TAXES REPEALED

OVERVIEW On Dec. 20, 2019, President Trump signed into law a spending bill that prevents a government shutdown and repeals the following three taxes and fees under the Affordable Care Act (ACA): The Cadillac tax on high-cost group health coverage, beginning in 2020; The medical devices excise tax, beginning in 2020; and The health insurance … Continue reading CADILLAC TAX AND OTHER KEY ACA TAXES REPEALED

Employers Are Expected to Spend More on Health Care and Wellness in the Next Year

According to Optum’s Wellness in the Workplace study, more than 80% of employers plan to spend more on health care and wellness in the next year than in previous years. Health Care Spending The cost of providing employer sponsored health care has been steadily increasing over the years. According to the Kaiser Family Foundation, the … Continue reading Employers Are Expected to Spend More on Health Care and Wellness in the Next Year

Executive Order On Healthcare Cost To Affect Employer Health Plans

President Donald Trump recently signed an executive order aimed at improving price and quality transparency in health care. The order is intended to increase availability of health care price and quality information and protect patients from surprise medical bills. What’s in the Order? Specifically, the order is aimed at: Eliminating unnecessary barriers to price and … Continue reading Executive Order On Healthcare Cost To Affect Employer Health Plans

3 Millennial Health Conditions on the Rise

Individuals born between 1981 and 1996 have their fair share of obstacles. They struggle with stagnant wages, overwhelming debt and a higher cost of living. A recent report also suggests they’re experiencing an increasing number of mental and physical health concerns. To combat this dangerous trend, millennials are encouraged to take preventative measures to decrease … Continue reading 3 Millennial Health Conditions on the Rise

Health Care Costs Still Rising, According to Annual Survey

Each year, the Kaiser Family Foundation and the Health Research & Educational Trust conduct a survey to examine employer-sponsored health benefit trends such as annual deductibles, plan enrollment, and health and wellness programs. The 2018 edition of this survey has been released, and it discusses a lot, including how health care costs continue to rise. … Continue reading Health Care Costs Still Rising, According to Annual Survey

Medicare Part D Notices Are Due Before Oct. 15

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2018—the … Continue reading Medicare Part D Notices Are Due Before Oct. 15