Continue reading “A Bitter Pill: The High Cost of Specialty Drugs”
Last month, we discussed some of the factors that determine whether a claim is covered. In this article, we’ll discuss plan design features that affect how much your plan will pay toward a covered claim. Continue reading “Understanding the Claims Process, Part 2”
Every year, Americans make 31 million visits to the emergency room for unintentional injuries. Emergency room charges average about $1,200 per visit. Your out-of-pocket expenses could vary wildly depending on the type and severity of injury, where you are treated, and your coverage. Continue reading “Controlling Emergency Room Expenses”
As medical technologies and treatments improve, more people are surviving once-fatal forms of cancer, heart disease and other conditions. Many employers have responded to rising costs by increasing their employees’ share of costs. This can leave many employees with staggering healthcare expenses—even if they have medical benefits. Continue reading “Critical Illness Insurance: Filling the Benefits Gap”
Understanding what certain insurance-related terms mean will help you become a better insurance consumer. Continue reading “The ABCs of Insurance”
The final cost of a medical insurance plan depends on more than just the premiums, even when you compare plans with similar benefits. Understanding the following definitions can help your employees understand the components that affect their medical coverage costs. Continue reading “Health Insurance by the Numbers”
The Affordable Care Act will impose a 40 percent non-deductible excise tax on so-called Cadillac health plans starting in 2018. You might be surprised to learn the Cadillac tax could affect your organization’s plan.
Section 9001 of the Patient Protection and Affordable Care Act (ACA) imposes a non-deductible excise tax on high-cost plans, Continue reading “How Voluntary Benefits Can Help Employers Mitigate the “Cadillac Tax””
In the past ten years, employers have faced skyrocketing costs for their employee health plans. If you have employer-sponsored health coverage, your share of costs has probably risen as a result. Continue reading “How You Can Fill the Benefits Gap”
When events interfere and make travel planned in advance difficult or impossible, travel insurance can protect your investment.
Families in the South who booked their summer vacations months in advance hardly expected that snow…of all things…might cause them to have to change their plans. Since unusually cold and snowy winter weather in many parts of the U.S. forced school districts to cancel classes, Continue reading “When Life Interferes with Fun: Travel Insurance to the Rescue”