BBG Two Minute Blog
RECURRING EMPLOYER QUESTION: WHEN ARE THE COSTS OF GROUP TERM LIFE INSURANCE TAXABLE?
Maybe it's because we're approaching the end of the year and many are prepping for reporting season. Whatever the reason, this question about the taxability of Group Term Life Premiums has been asked a few times lately. So we thought it might be worth posting some...
DO ELECTION RESULTS SIGNAL END OF OBAMACARE?
Highly respected industry expert Bob Laszewski provides an ongoing review of health care policy activity and the health insurance marketplace. We have followed his takes on healthcare reform for some time and have always found them to insightful, balanced, realistic...
Using An Old Opening Joke Line To Illustrate Costs In Healthcare
We have all heard jokes that begin with "Three guys walk into a bar...." I thought it might make sense to use that model to explain why "referenced-based pricing" and general consumer awareness in healthcare are important to consider. Here goes: Three guys walk into a...
2016 Medical Loss Ratio Rebates: Get a Check From Your Carrier?
Notifications from insurance carriers about this year’s rebates have recently started going out to employers. Under the ACA, carriers have until September 30 to notify employers if they are to receive a rebate. Any impacted employees will also be notified by the...
ARE YOU WONDERING ABOUT THE “CONTROLLED GROUP” QUESTION? HERE’S WHAT YOU NEED TO KNOW
The “Controlled Group” question is popping up for many employers with much greater frequency as part of various and sundry regulatory applications, audits, surveys, reporting requirements and underwriting questionnaires. Netting it out in layman’s terms -- at least as...
THE LAW OF DISPROPORTIONATE COSTS: SMALL NUMBER OF EMPLOYEES ACCOUNT FOR LION’S SHARE OF GROUP HEALTH PLAN MEDICAL COSTS
There’s plenty of cost related analytics available to support the disproportionate cost premise that medical expenses are highly concentrated among a very small proportion of enrolled employees. These highlights, for example, from a Agency for Healthcare Research and...
EMPLOYER REIMBURSEMENT OF INDIVIDUAL HEALTHPLAN PREMIUMS REMAINS A BANNED PRACTICE UNDER ACA
While this was more of a hot topic when the full monty of healthcare reform was implemented back in 2014, some employers perhaps unaware of the turmoil in the individual marketplace still ask about reimbursing employees for individual health insurance policies. The...
Definition of Predicament: People Who Don’t Have Access to Employer Coverage, Aren’t Medicare Eligible, and Don’t Qualify for Subsidies
Yes, this is a bit anecdotal. Nevertheless, I think it’s worth reporting and some may find it interesting. First, recently our team managed the annual open enrollment process for the group health plan of one of our employer clients. After a quick but thoughtful...
The HHS Move to Curtail the Availability of Short Term Health Coverage Will Hurt Consumers In Need of an Affordable Bridge To Other Coverage……
………Like Medicare or Other Employer-Sponsored Coverage. Yesterday the Obama Administration and HHS announced they were significantly curtailing the availability and use of short-term health insurance. Their reasons? Not exactly sure. Maybe it’s due to the myriad of...
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