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With its streamlined technology platform and no fee business model, Zenefits has created quite a stir in the benefits industry. Should brokers be scared or should they be thanking Zenefits for pushing the envelope?
As pressure mounts on state-run public health insurance exchanges to be financially self-sufficient in time for 2016, consumer operated and oriented plans created under the Affordable Care Act face the same challenge. And with two recent troubling developments in the CO-OP space, there are renewed questions about the long-term viability of these nonprofit entities.
Narrow networks are more prevalent in public exchanges than the commercial market, and while this trend helps keep costs more manageable, it also significantly restricts any movement for consumers and could undermine network adequacy standards.
A new coalition representing the public and private sectors, as well as Republicans and Democrats, is seeking a full repeal of the ACAs excise tax on high-cost group plans.
The honor recognizes extraordinary contributions such as significantly increasing a firms sales and/or market share, providing strategic consulting to help clients achieve their highest goals, fostering employee benefit innovations, advocating successfully for adviser causes and, in general, elevating the status of all women in the profession.
As another insurer megamerger takes place, how will employer health plans fare with a shrinking field of providers?
Michael Turpin, the former CEO of UnitedHealthcares Northeast region, shares his thoughts on the new landscape and the potential impact the deal could have on benefit brokers and the insurance industry.
With just three major insurance companies, brokers must distinguish themselves from carriers, create additional approaches to serve clients and develop alternative risk approaches to health benefits, industry experts say.
Anthem Inc. struck a deal to buy rival Cigna Corp. for $48.4 billion, wrapping up almost a year of contentious negotiations and potentially creating the largest health insurer in the U.S.
As a value-added reseller, Apprize Technology sells and services to brokers three different benefit administration platforms, what many call a private exchange bswift, benefitsCONNECT and Infiniti HR. Gary Wert, Apprizes president, discusses why Apprize and other resellers may have to turn away business in the fourth quarter and why some brokers arent building their own exchange, but rather using a reseller.
Anthem Inc. is near an agreement to buy rival Cigna Corp. for about $48 billion, two people with knowledge of the matter said. A deal would create the largest health insurer in the U.S. after almost a year of talks.
Commentary: Employer interest in exchanges is high, but adoption rates have lagged behind projections for 2015.
Commentary: Brokers are strategically positioned to encourage employers to commit to a more productive workforce.
The consolidation of two health insurer giants has divided employers into two camps.
As they struggle to become financially stable, state-based health insurance marketplaces are lagging behind the federally-facilitated marketplace and are likely to continue to do so in the near future.
With 24 Republican senators up for reelection in November 2016, not to mention the presidential election, there is so much set to change for both public and private exchanges.
Marilyn Tavenner, who steered the U.S. Medicare and Medicaid agency through the rollout of Obamacares federal insurance markets, was named to lead the health-insurance industrys lobbying group.
About 6.6 million U.S. taxpayers paid a penalty imposed for the first time this year for not having health insurance, about 10% more than the Obama administration had estimated though a portion didnt need to.
The Centers for Medicare and Medicaid Services estimates that more than 77,000 brokers and agents assisted with enrollments on the federally-facilitated marketplace in year two open enrollment, up 46% from the year prior.
Clients are turning to their benefit adviser for technology support something brokers have to provide. Choosing a partner with the same goals and understanding the entire process are essential.
