Controlling Benefits Costs
Since the passage of the Affordable Care Act (ACA), medical insurance has seen a steep rise in cost and a decline in benefits. With the changes in the market, employers have struggled to offer the benefits needed to attract and retain top talent. Moreover, these impacts have disproportionately affected small and mid-sized employers. Read on […]
LEGAL UPDATE: DHS to End to I-9 Flexibility
Last month, the Department of Homeland Security (DHS) announced that the COVID-19 temporary flexibilities for Form I-9 Employment Eligibility Verification will end on July 31, 2023. These flexibilities allowed for the remote inspection of identification documents. In response to this announcement, Immigration and Customs Enforcement (ICE) announced that employers must physically examine any documents inspected […]
How to Spot Medical Bill Errors
Healthcare advocacy group Medical Billing Advocates of America estimates that up to 80% of all medical bills have errors. While working with high volumes of work and thousands of medical codes, it’s easy to see why billing mistakes happen. Not all those errors result in an that will cost you money. But, given all the […]
Register For Our Upcoming Webinar!
Register For Our Upcoming Webinar! The Affordable Care Act is now 10 years old and has radically changed how the medical insurance game is played. This webinar will: Explain what changed and why it changed. Reveal the financial implications of those changes on employer health plans. Share the proven strategies for winning the medical insurance […]
IRS Has Announced 2024 HSA Contribution Limits
The 2024 HSA Contribution Limits have been given a boost due to inflation, including minimum deductibles and maximum out-of-pocket expenses for HDHPs. Below, the changes are listed in comparison to 2023. Health Savings Accounts (HSAs) Type 2024 2023 HDHP Min Annual Deductible – Single $1,600 $1,500 HDHP Min Annual Deductible – Family $3,200 $3,000 HDHP […]
How The End Of The COVID-19 Emergency Effects Your Benefits Strategy
On April 10, 2023, President Biden officially signed to end the COVID-19 Emergency. This takes us out 60 days to the end of the Outbreak Period which falls on June 9, 2023. The emergency protocols allowed extended time periods for HIPAA enrollment, COBRA continuation, payments, and appeals related to the Flexible Benefits Plans. With the […]
What’s Behind Your Medical Premium Dollar?
Medical premiums are by far the largest portion of any benefits budget. Whether you are fully insured, level-funded, or self-insured, a large part of your benefits discussions likely revolves around how to control your medical cost. But how can you control these costs if you don’t understand what they consist of? Here is a breakdown […]
ACA Reporting and Medicare Part D CMS Filing Deadlines are Coming!
Beginning of the year filings and updates are still in full swing, and the team at Eli Advisors wants to make sure you meet all your deadlines. Two filings that are on the horizon are the ACA and CMS Filings. Learn more below about these deadlines and how Eli Advisors can help. ACA Reporting Applicable […]
The Path to Long-Term Benefit Cost Control
This renewal season, we received a proposal for one of our clients which contained over $100,000 in pharmacy rebates going back to them. Pharmacy rebates are baked into every contract, but frequently these funds are given as profit straight to the insurance carrier. But what if all companies, not just the large market, could have […]
The End of the Public Health Emergency And Its Implications
Since early 2020, the United States has been in a Public Health Emergency, which has affected health insurance and business regulations. This week, the White House announced that the State of Emergency could be lifted as early as May 11, 2023. Once lifted, certain regulations will be lifted as well. There are two significant impacts […]
