IMPLEMENTATION OF A SUCCESSFUL HEALTH MANAGEMENT STRATEGYHuman Capital Media
Cherokee County, Georgia, Board of Commissioners together with their consultant, Insurance Office of America, began the process of developing a health management strategy, or HMS, for their self-funded employee benefits program. The county’s plan was bundled with a national carrier and had been in the red financially for many years. The objectives were to reduce spend in the health plans without reducing coverage nor increasing employee premiums. Further, it was the county’s desire to maintain the current network of providers, to improve engagement with their health plan members and to improve the overall perception of the employee benefits program. The county’s final goal was to then develop a long-term strategic plan for their employee benefits program. Developing and deploying an HMS is an integral part of the solution because it is designed to allow for the bolt-on application of new, creative, risk-management-type vendors who could add value to the plan while lowering spend for the county. This was achieved by unbundling services from the carrier and implementing six new best-in-class vendors enhancing coverage where all but one was voluntary in nature, meaning the health plan members didn’t have to use them.
Learning Objectives/Session Takeaways:
Innovative health management strategy designs for self-funded plans.
Change management: buy-in from key stakeholders, reccurring education and strategic communications to plan members.
Top talent: Authentic teamwork and partnership are key.
IMPLEMENTATION OF A SUCCESSFUL HEALTH MANAGEMENT STRATEGYHuman Capital Media
Cherokee County, Georgia, Board of Commissioners together with their consultant, Insurance Office of America, began the process of developing a health management strategy, or HMS, for their self-funded employee benefits program. The county’s plan was bundled with a national carrier and had been in the red financially for many years. The objectives were to reduce spend in the health plans without reducing coverage nor increasing employee premiums. Further, it was the county’s desire to maintain the current network of providers, to improve engagement with their health plan members and to improve the overall perception of the employee benefits program. The county’s final goal was to then develop a long-term strategic plan for their employee benefits program. Developing and deploying an HMS is an integral part of the solution because it is designed to allow for the bolt-on application of new, creative, risk-management-type vendors who could add value to the plan while lowering spend for the county. This was achieved by unbundling services from the carrier and implementing six new best-in-class vendors enhancing coverage where all but one was voluntary in nature, meaning the health plan members didn’t have to use them.
Learning Objectives/Session Takeaways:
Innovative health management strategy designs for self-funded plans.
Change management: buy-in from key stakeholders, reccurring education and strategic communications to plan members.
Top talent: Authentic teamwork and partnership are key.
To rollover or not to rollover your unused FSA contributions? Since the Treasury modified the “Use-or-Lose” rule in late 2013, employers and employees alike are questioning whether to enact the new carry-over option stick with the traditional grace period.
Because the new carry-over option didn’t go into effect until this year, there is not much data available at this time regarding the trend among employers to enact the carry-over option or the overall savings associated with it.
The Infographic “FSA Employer Trends” from Healthcare Trends Institute outlines some of the main benefits and drawbacks for both employers and employees when it comes to choosing between the rollover and grace period options for unused FSA contributions.
Source: http://www.evolution1.com/healthcare-trends-institute/infographic-fsa-employer-trends/
2016 Presentation to the Benefits Committee of the TSA Texas Sign Association on the concept of self-insured group medical stop loss captive for employee health insurance.
Where to Turn Resource Fair, September 2016, American HealthCare GroupMary Hagan
Erin Hart from American Healthcare Group discusses Healthcare Basics and How to Choose Your Health Plan. Navigating through deductibles, out-of-pocket expenses and coverage benefits can be overwhelming; get guidance from experienced and independent healthcare professionals.
To rollover or not to rollover your unused FSA contributions? Since the Treasury modified the “Use-or-Lose” rule in late 2013, employers and employees alike are questioning whether to enact the new carry-over option stick with the traditional grace period.
Because the new carry-over option didn’t go into effect until this year, there is not much data available at this time regarding the trend among employers to enact the carry-over option or the overall savings associated with it.
The Infographic “FSA Employer Trends” from Healthcare Trends Institute outlines some of the main benefits and drawbacks for both employers and employees when it comes to choosing between the rollover and grace period options for unused FSA contributions.
Source: http://www.evolution1.com/healthcare-trends-institute/infographic-fsa-employer-trends/
2016 Presentation to the Benefits Committee of the TSA Texas Sign Association on the concept of self-insured group medical stop loss captive for employee health insurance.
Where to Turn Resource Fair, September 2016, American HealthCare GroupMary Hagan
Erin Hart from American Healthcare Group discusses Healthcare Basics and How to Choose Your Health Plan. Navigating through deductibles, out-of-pocket expenses and coverage benefits can be overwhelming; get guidance from experienced and independent healthcare professionals.
Conductor que se RESPETA, usa correctamente el claxon desde su vehículo. Proyecto “Huaraz te quiero sin ruido”, por una ciudad LIBRE DE CONTAMINACIÓN ACÚSTICA.
Technology is the main key for students with learning disabilities. Vinci School offers wide variety of assistive technology. We programmed and complete community-based technology learning programs Ottawa. Technology makes learning fun and keeps students on track. In addition to VINCI Connected Learning system that connects teachers and parents together, and interactive whiteboards/tablets in classrooms.
Leveraging Federal Financial Assistance Programs During COVID-19Kareo
Bill Finerfrock, HBMA Director of Government Affairs, will break down the CARES Act and its associated programs to provide you with key takeaways to help ease financial burdens and maintain current staff levels.
In this webinar, Bill will discuss:
-New Paycheck Protection Program
-Other SBA (Small Business Association) programs
-Medicare Advanced Payment Options
-Provider Lost Revenue Program
HR Webinar: The Affordable Care Act Turns 10 Years Old: Where to From Here?Ascentis
Happy Birthday, ACA! Ten years ago, on March 23, 2010, the ACA was signed into law. Adding an unprecedented level of consumer protections and minimum quality standards to the health insurance Americans use, the law was and remains controversial to this day. In fact, the rate of uninsured nonelderly Americans dropped from a high of 17.8% in 2010, to 10.0% in 2016. The cancelation of the individual mandate, among other factors, has started to reverse that trend, with increases in the uninsured rates in 2017 and 2018. As the ACA celebrates its tenth birthday, it has something else to celebrate: its highest approval rate since public opinion polls began tracking it: 55% favorable opinion vs. just 37% unfavorable opinion.
As an HR professional, always busy with a hundred other people priorities at your company, it is hard to keep up with the ever-changing laws in the health insurance industry, and specifically, the ACA. With the law predicted to head to the Supreme Court soon for the third review of its fundamental constitutionality, receiving real-time updates becomes even more important. See what has changed in the ACA, looking at where it started to where it is now in this webinar!
Beneplan is an employee benefits co-operative representing tens of thousands of Canadians. Members receive premium refunds when their claims are low. To learn more, visit beneplan.ca.
Aditya Birla Health Insurance Company is a combined business enterprise between Aditya Birla Group of India and MMI Holdings of South Africa. It was established 2016 as a standalone health insurance company from the Aditya Birla Financial Services Group.
1. MONTHLY UPDATE
March 2016
OVERVIEW
For more than three years, Barney & Barney’s Beyond Benefits program has provided Biocom Member
Companies with five or more employees access to a group health insurance plan that offers composite rates,
simplified underwriting and consolidated service.
In January 2012, the program originated with 11 companies representing over 500 employees. Beyond Benefits
membership has grown tremendously, along with the great savings Member Companies have enjoyed.
BEYOND BENEFITS “BY THE NUMBERS”
VALUE ADDED BENEFITS!
Value of Additional Benefits for Member Companies = $708,500
Additional Benefits Include PlanSource Online Benefits Administration,
Wellness, COBRA Administration & Employers Group Membership
REAL NUMBERS!
Since inception, Beyond Benefits has saved Member Companies
$5.8 Million in Annual Medical Premiums. That’s 11.7%!
The total medical premium in the Trust has reached $80.7 Million!
# of Member Companies
from past 6 months
# of Enrolled Employees
from past 6 months
www.beyond-benefits.org
