How to Respond to a Marketplace Appeal Notice

Posted: April 11, 2019 - Benefits Consulting, Blog

  Employers often begin to receive Marketplace Appeal Notices after the Healthcare Marketplace’s open enrollment period ends.  The letter notifies employers of employees who enrolled in Marketplace coverage and obtained an advanced premium tax credit for at least one month of the calendar year.  Each letter identifies the employer, reason for the appeal notice, the Read More

New HMO Solution for Mid-Sized Chicago-land Employers

Posted: February 26, 2019 - Benefits Consulting, Blog

Consolidation in the health insurance industry over the past decade has resulted in fewer insurers, fewer choices, and higher health insurance premiums.  In the Chicago market, there are only two insurance companies that offer competitively priced HMO plans.  However, that is about to change.  Cigna Healthcare, a high quality insurer, is now offering an HMO Read More

Is Self-Insuring Your Health Plan Something You Should Consider?

Posted: November 29, 2017 - Benefits Consulting

Employers have self-insured their health plans for many years, but historically self-insurance was a solution for large employers only.  Unfortunately, small employers have found themselves battling large healthcare increases with little warning and minimal to no data in regards to where the increases may be coming from.  In a world where benefits can be one Read More

Why are Prescription Drug Costs Rising Rapidly Again?

Posted: April 25, 2016 - Benefits Consulting

Specialty Medications – Great Potential, Great Cost. Years ago high cost specialty prescriptions were designed for small patient populations. Today, new prescriptions coming to market are designed to treat more common chronic conditions. Some of these chronic conditions are developed later in life so as our population continues to age, the utilization of these prescriptions Read More

10 Reasons You Should Consider a Health Savings Account (HSA)

Posted: February 22, 2016 - Benefits Consulting

  In order to establish and fund an HSA, you must be enrolled in a qualified high deductible health plan or HDHP. Unfortunately some employees immediately eliminate HSA’s from consideration once they learn that the underlying health plan contains a high deductible. However, the benefits of an HSA cannot be ignored. Your health insurance premiums Read More

What is a 1095 form and why did I get it?

Posted: January 18, 2016 - Benefits Consulting

In early 2016, you will receive two important new tax forms.  In general, you will receive a Form 1095-B if you were enrolled in our company’s health plan in 2015.  You will receive Form 1095-C if you were a full-time employee of our company at any time during 2015. The 1095-B will be sent to Read More

Introducing Accountable Care Organizations (ACO)

Posted: November 19, 2015 - Benefits Consulting

Imagine if Employers, Insurers, Brokers, and Healthcare Providers All Had a Seat at the Health Insurance Renewal Table? Introducing Accountable Care Organizations (ACO) The term ACO is foreign to most. While ACO’s have been around for some time, most people are just beginning to hear this acronym for the first time. This is because under Read More

There’s a New Kid and New Option in Town – Harken Health Hits the Illinois Insurer Scene

Posted: October 9, 2015 - Benefits Consulting

No one is completely happy with their health plan. Employees grumble even though, as an employer, you are making a significant investment in health insurance. Employees are still not completely satisfied. They think the plan costs too much and deductibles are too high. They’re confused and need help navigating the healthcare system. Well, there’s a Read More