Healthcare plans

Improving health plan services that constrain costs and ease administrative hassles could go a long way toward keeping employers in the game as health care reform unfolds in 2014.

As controversy continues to brew over the validity of a McKinsey survey finding 30% of respondents would likely drop employee health care coverage in the years following the implementation of health reform’s state exchanges, a survey on the same topic from Lockton reveals a more conservative estimate: nearly one in five employers (18%) say they will consider terminating group coverage.

Fewer Americans are getting medical coverage through their jobs than a decade ago but the 2010 U.S. health care law should help stabilize employer-sponsored insurance, two studies released on Tuesday showed.

America’s long-term care facilities are subject to rising liability costs, a new study from Aon Corp. and the American Health Care Association finds.

Combination life insurance products, which combine a pool of benefit dollars for covered long-term care expenses, a death benefit for beneficiaries, or both, showed tremendous growth in 2010, with new premium sales soaring 62% to $1.2 billion, according to LIMRA research released June 17.

Several major commercial insurers are paying claims faster, but their claims processing error rates are increasing, according to an annual report of insurer performance.

Plan sponsors who forget to actually do discrimination testing run into all sorts of problems, including the possibility that their plan can be disqualified. To pass the Section 105(h) nondiscrimination rules an employer must meet two separate tests.

Enrollment in health savings accounts jumped to more than 11.4 million as of Jan. 1, 2011, according to an annual census released June 14.

Almost 80 percent of employers anticipate that there will be an increased demand for access to savings and investment advice about their 401(k) plans, according to a new survey.

Thomson Reuters, a major vendor of business intelligence services and technology spanning multiple industries, intends to divest its health care operations.

Two out of three workers would purchase additional health insurance benefits to make sure they are protected, according to a report from Aflac. Fifty-nine percent of respondents said they would acquire voluntary insurance.

At least 30% of employers are likely to stop offering health insurance once provisions of the U.S. health care reform law kick in in 2014, according to a study by the global management consulting firm.

Group medical premiums continue to increase nationwide, according to the May Employee Benefits Market Survey conducted by The Council of Insurance Agents & Brokers. Since the Patient Protection and Affordable Care Act was enacted last year, many carriers and brokers blame the legislation for the increase rates, states a CIAB news release.

Rep. Jim McDermott, D-Wash., has introduced bipartisan legislation that aims to bring parity and equal treatment under the tax code for health plan beneficiaries who are domestic partners and non-spouse dependents.

Plan sponsors say that they “find comfort” in their advisers and the services they deliver, according to preliminary results from a comprehensive study to research the benefits that plan sponsors gain from working with professional retirement plan advisers.

Employers are putting the onus on employees to help curb rising health care costs, and the inability to motivate and change employee habits is prompting concern, according to Aon Hewitt, a global human resource consulting and outsourcing business of Aon Corp.

Americans' use of medical services has not yet rebounded during the weak economy, health insurers say, in a trend that keeps the companies' costs down and could bolster their profits further this year.

Medco Health Solutions said on Wednesday that the loss of a major pharmacy benefit contract to rival CVS Caremark starting next year did not represent a trend.

Chief financial officers at some of the nation's largest banks and financial services firms are downright bullish on the U.S. economy's overall outlook but nagging concerns about health care reform and the uncertainty of those costs are tempering their optimism.

One skill that epitomizes the successful benefit adviser is selling. From the dollar-and-cents results to the art of persuasion, benefit advisers understand the sales process. So why not use that skill to assist human resource professionals in selling their C-suite on a corporate wellness program?