What Does that Customer Cost You?

An area many brokers wrestle with involves understanding the economics of being in the business. It sounds simple, but the cost of acquiring a new customer is one of the single most important measures a broker needs to understand to grow and maintain a profitable block of business. We are…

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The Skinny on HSAs & HRAs

It’s undeniable that the broker business is evolving. With regulatory changes, such as the 21st Century Cures Act [H.R. 5447], there are a number of increased opportunities. At the same time, the market has amplified competition and spurred customer demand. This is why brokers should overcome any apprehension towards change…

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President Trump’s American Health Care Act Introduces 15 Big Changes

The long awaited 123-page re-reform bill, named the American Health Care Act, was introduced on March 6, 2017. Outlining President Trump’s proposed healthcare reforms, the Act introduced 15 changes. Retroactively repeal the Individual Mandate. Terminate enhanced federal funding, by the end of 2019, for states expanding Medicaid. Turn Medicaid into…

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QSEHRAs: 4 Things to Know

Before the implementation of the Affordable Care Act, offering pre-tax stipends were quite common, among the nearly 28.5 Million small businesses in the U.S. In fact nearly 17% of small businesses offered them to their employees. However, due to regulatory change, penalties of $100 or over $30,000 annually per employee were enforced.…

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Does the Individual Mandate Still Apply?

Now that income tax season has arrived, recent activities and announcements regarding the repeal and replacement of the health law are raising questions on whether the uninsured will face tax penalties. Most of the confusion surrounds the uncertainties of how prompt the health law could be dismantled and how soon…

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What We Know About TrumpCare

President Trump has stated on several occasions that he will deliver a replacement plan for the Affordable Care Act following the confirmation of Rep. Tom Price (R-Ga) for the role of Secretary of Health and Human Services (HHS). Many of the specifics have not been shared, but President Trump has…

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President Trump’s Executive Order on PPACA: 5 Things You Should Know

President Trump signed an executive order on January 20, 2017 to lessen the economic burden of the Patient Protection and Affordable Care Act (PPACA). Highlighting the Administration’s desire for a prompt repeal of the health law, the executive order outlined several actions that minimize both “unwarranted” economic and regulatory burdens,…

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Can I Enroll in Coverage After Open Enrollment?

Generally speaking, enrolling in Affordable Care Act (ACA) health insurance coverage is restricted to the annual open enrollment period. For this year, open enrollment began on November 1, 2016 and is scheduled to end on January 31, 2017. Mark your calendars with these important Open Enrollment Dates & Deadlines If you missed this period,…

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