News & Insights
Groups in a self-funded arrangement are not required to adhere to many of the provisions required by ACA, including community rating and covering what are known as essential health benefits, and also are not required to pay some of the federally mandated fees that fully insured plans do. As a result, a self-funded arrangement can provide some cost savings. Read more.
A new study by the Plan Sponsor Council of America on how student loan debt impacts participants’ retirement savings rates shows that only 1.4 percent of plan sponsors offer student loan repayment programs. Recently, several large sponsors made news in announcing the new benefit offering. Read more.
The Affordable Care Act is beginning to have an impact on employer plans. And one of those areas of difference is enrollment. Brokers who miss these emerging trends risk not setting proper client expectations and being unable to proactively manage the additional cost exposures created by these ACA impacts. Read more.
Hundreds of patients, many newly insured, were leaving Ascension Health's hospitals and other facilities drowning in debt from the deductibles not covered by their plans, said Rhonda Anderson, chief financial officer of the nation's largest not-for-profit health system. So Catholic-sponsored Ascension Health decided to eat the deductibles for any patient, including exchange patients, who earn below 250% of the federal poverty level at any of the 137 hospitals in 24 states it manages. Read more.