Healthcare

The private and public exchanges offer employers an opportunity to help manage costs and provide personalized benefits, but there is no one-size-fits-all solution, industry experts say.

Fidelity Investments has concocted a new educational product suite – to be available on your nearby desktop computer – that will ease the burden that faces both defined contribution plan sponsors as well as plan participants in managing future saving needs.

Galen Institute’s Grace-Marie Turner talked conservatives’ view of both employers and brokers at a recent Washington policy conference on health reform alternatives. She shares her conclusions on the Affordable Care Act, next steps on broker compensation, and more.

By bundling all costs for the surgery under one negotiated price and offering expertise that lowers the odds of complications, the Cleveland Clinic can give employers a better deal than some hospitals closer to employees' homes.

U.S. Health Insurance Regulator Gary Cohen has long wanted to return home to California, and the end of open enrollment seemed like the perfect time to make that move, he told the media Thursday, two days after announcing his resignation.

On Feb. 26, Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee, released a discussion draft of the Tax Reform Act of 2014 that more completely spells out the tradeoffs for tax reform. Camp’s draft legislation reduces and simplifies the current income tax rate structure, but may modify or eliminate provisions relating to employee benefit plans.

Looking toward the end of 2014 open enrollment in the Affordable Care Act’s health exchanges, Gary Cohen, director of the Center for Consumer Information and Insurance Oversight, said Thursday at an AHIP conference that the Centers for Medicare and Medicaid Services is expecting a “fairly significant spike in enrollments."

In two employer-focused sessions at AHIP’s annual policy conference in Washington this week, the excise tax in the ACA — known as the Cadillac tax — dominated the list of future concerns for plan sponsors.

Are your clients prepared for a 401(k) plan audit? When the Employee Benefits Security Administration knocks on the door and starts requesting plan documents, financial records, account statements, contracts and more, it can be overwhelming. The best offense is a good defense, so be prepared. Take a glimpse into a recent audit and the laundry list of documents requested.

As consumer-directed health plans proliferate in response to market forces, their success will be contingent upon a workforce that is comfortable with using health savings accounts to pay and save for qualified medical expenses.