Affordable Care Act
Buy Sell Agreement
Critical Illness Insurance
Employee Assistance Programs
Health Savings Account
Minimum Essential Coverage
Reference Based Pricing
Term Life Insurance
Small Business Beware: IRS Regulations Make Reimbursing Employees For Health Premiums Subject To Fine
An IRS regulation that they passed in 2013 has slipped right under the nose of many employers, and it could have disastrous consequences. Here's what you need to know about IRS Notice 2013-54.
It's time for a break from all of the bad news about rising health care costs and outrageous drug prices. According to a new study from the Employee Benefit Research Institute, the percentage of employers offering health insurance has risen. While we still aren't back to where we were in 2008, it's nice to see the decade long downward trend in employers offering health insurance reverse course. Now, let's dig into the details.
High-cost insurance claims of over $1 million have been rising recently — they grew by 87 percent from 2014 to 2017 alone. Some of these claims even exceeded $3 million. It's no wonder that health care costs won't stop rising with numbers this high. The question is, what can employers do about it? The first step is finding out exactly what you're up against. Here are three of the illnesses that are costing employers millions in health care costs each year.
Healthcare costs are skyrocketing and drug prices are one major contributing factor to this. In fact, drug prices are the single fastest growing healthcare cost in the country. But just how expensive are drugs these days? To find out we turn to Goodrx.com, a site that helps patients find the best prescription drug prices and publishes a list of the most expensive drugs every year.
Healthcare costs are rising, and as this upward trend continues it becomes harder and harder for businesses to provide their employees with the same quality of health insurance. Cost must be cut somewhere, and unfortunately, that often means passing more of it onto the employee. Is that the only way to go about this, though?
The fact that health care costs are rising precipitously is something you're no doubt already familiar with. We aren't here to talk about the problem so much as the potential for solutions. Here are 3 mistakes that you should avoid when managing your health insurance spending.
✔ Call 866-795-4283 to schedule a consultation.
We believe in revealing the real problem, challenging the status quo, and providing definable solutions.
Summerlin-Roberts uses a professional diagnostic process to help you categorize your needs & prioritize objectives.
We'll identify solutions that will specifically fit your needs. Any recommendations made will support your end objectives.
Once we have executive buy-in, we oversee the implementation of any new technology, solutions, or benefits from start to finish.
Summerlin-Roberts monitors market trends, technology and more. Our team works hard at maintaining a best in class approach.