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What Changes to Obamacare Could Mean for Employee Benefits

In the midst of the national debate surrounding what will happen next with the proposed replacement of the Affordable Care Act (ACA), there are some key trends that have emerged regarding the options and strategies that all employers face at benefits renewal time each year.

As the benefits industry braces itself for inevitable changes, there is certainly a feeling of uncertainty. Employers and advisors who embrace change and have strategies that incorporate these emerging trends will be prepared regardless of what happens next. Any employer offering health benefits plans should be aware of these key topics:

American Health Care Act: The…

Strategies for Effective Benefits Programs

According to the Kaiser Family Foundation’s 2015 Employer Health Benefits Survey, health insurance premiums for employers have cumulatively increased by 65% from 2010 to 2015 while overall inflation has only increased cumulatively by 11% over the same time period.

Several strategies have emerged in response to the dilemma all employers face at renewal time each year. Most are available to all sizes of employer; others may be limited to large or self-insured employers. However, many insurance carriers are offering these tactics to their small group segments, therefore having a basic understanding of all six of these strategies is important for…

Benefits Cost Containment Strategies

Most employers today are searching for ways to control their health benefit costs. According to Conrad Siegel Actuaries’ annual Medical and Prescription Drug survey, many are turning to consumer-directed health care and tightened spousal rules.

The survey revealed that employer premium sharing remains steady as a percentage of overall premiums, as employers change the benefit plan design instead of shifting more premium costs to employees. The average percentage of the medical premium that employees paid for single coverage in 2015 was 15% which has remained relatively constant over the past several years. The average premium share for family coverage was…

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