Posts

Why Are Health Care Costs Rising?

By madwire / March 29, 2017

Unfortunately, the trend of health costs rising faster than the rate of inflation is expected to continue. Several factors have contributed to climb in healthcare costs over the past decade, including the following: expansion of healthcare providers. New government regulations. Increased utilization in consumer demand. New medical technology. Medical cost inflation. Higher prescription drug costs.…

Read More

Understanding Health Insurance Terminology

By madwire / March 29, 2017

Health insurance terminology can be confusing. As a result, understanding your benefits and what you may owe out-of-pocket can be difficult. In order to make sure you are using coverage effectively, it is important to understand some key health insurance terms. You can purchase either group or individual health insurance. Group health insurance is typically…

Read More

Road to Wellness

By madwire / March 29, 2017

What is workplace wellness? Workplace wellness refers to the education and activities a company may sponsor in order to promote healthy lifestyles for their employees and their families paragraph How to measure there’s more return on investment ROI hidden and wellness and then just lower healthcare cost. Take time considering the goals you want employees…

Read More

What is a Qualified Life Event?

By madwire / March 29, 2017

You should always elect benefits during open enrollment to ensure you get the coverage you need; however, once enrolled in health coverage like a cafeteria or section 125 plan, you are unable to change your elections until the plan year ends. But sometimes qualified life events occur, allowing you to change elections outside the standard…

Read More

What is an HSA?

By madwire / March 29, 2017

A health savings account (HSA) is a tax advantage savings account that can be used for your healthcare expenses. Money comes out of each paycheck and is deposited into the account for future use. If you have a high deductible health insurance plan, an HSA can help provide some security for your health care cost and…

Read More

Emergency Room or Urgent Care?

By madwire / March 29, 2017

If you’re faced with a sudden illness or injury, making an informed choice on where to seek medical care is crucial to your personal and financial well-being. Making the wrong choice can result in delayed medical attention and may cost hundreds, if not thousands, of dollars.  In fact, Harvard University reported that 62 percent of…

Read More

ACA Replacement Bill Withdrawn

By madwire / March 29, 2017

​ Legislative Process Two separate bills that make up the American Health Care Act were released in response to a budget resolution passed by Congress on Jan. 13, 2017. The budget resolution is a nonbinding spending blueprint that directs House and Senate Committees to create federal budget “reconciliation” legislation. To become law, budget reconciliation bills…

Read More

5 Ways to Cut Your Health Care Costs

By madwire / March 21, 2017

With health care costs increasing for employees as well as employers, we thought it would be helpful to put together a list of ways we can all work together to control our costs as best as possible. Some of these may be options you have never considered.

Read More

Voluntary Products Provide Financial Safeguard for Employees

By madwire / February 22, 2017

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt…

Read More

Pennies Count

By madwire / February 22, 2017

As the first paychecks in 2016 have been issued and the new benefits plan year has commenced, many HR folks are going to get calls from employees saying, “My payroll deduction isn’t right.” I would submit that this is a very big deal. Even if a payroll deduction is off

Read More