Blogs

Medical Loss Ratio

As the details of the Patient Protection and Affordable Care Act (PPACA) continue to come to light, I want you to know that BenefitMall continues to actively participate and communicate with key health care groups and lobbyists in Washington D.C. voicing our concerns over the reform as well as presenting our suggestions.

Author: Bernard DiFiore
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Town Hall Meeting on Medicare

Once again, President Obama hosted a town hall meeting to discuss health care reform. This time it was held at a Senior Center in Maryland, with most of the focus being placed on the changes in Medicare.

As mid-term elections approach, President Obama was looking to shift focus away from the oil spill and place it on health reform and its positive aspects.

Author: Bernard DiFiore
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Voluntary Benefits Grow as an Employer Solution to Legislation

It remains to be seen what effect legislation will have upon employer groups, and just how much costs will be driven up. To make up for the costs, some employers are now looking at voluntary benefits as a way to offer an employee benefit at no cost to the employer.

Several studies have come out backing this notion up. A Mercer study showed that a quarter of employers responding feel that complying with the Patient Protection and Affordable Care Act will add at least 3% to next year’s costs. Employers are now looking at voluntary benefits as an option.

Author: Michael Gomes
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Broker and Agent Commission Structure to Change

Much has been made of how the new health care regulations will affect different groups of Americans. The one group that hasn’t been mentioned much but is about to become one of the first to feel the effects of the new law are insurance brokers and agents.

Under the new law, insurance companies must use at least 80% of their premiums to cover medical care for patients. This limits profits and administrative costs, which covers sales commissions, to a maximum of 20%.

Author: Michael Gomes
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