What Insurers, Employers Expect for Group Health Plan Rates in COVID-19 Aftermath

| posted in Blog, Newsletter

A study has come out predicting that COVID-19, as devastating as it has been, will have little effect on 2021 group health plan rates, as well as offerings. The study, by eHealth Inc., also found that many insurers have increased utilization of telemedicine and that many of them are extending benefits related to coronavirus testing and treatment. Here are the main points of the study: Waiving COVID-19 testing costs ― 97% of insurer respondents say they are waiving out-of-pocket costs for coronavirus testing. Waiving treatment costs ― 58% of the insurers say they’re waiving out-of-pocket costs for COVID-19 treatment. Among insurers who…
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5 Reasons Healthcare Costs Are on the Rise

| posted in Blog

It’s not your imagination. Healthcare is expensive and costs continue to rise. According to the Journal of the American Medical Association, costs increased by almost one trillion dollars between 1996 and 2015. The rise in healthcare costs cannot be attributed exclusively to any one cause. Rather, there are a number of causes that, put together, are responsible for the rise. All of the following, plus more, have a role.

How to Combat the Rise in Healthcare Costs

| posted in Blog

Healthcare costs in the U.S. are at an all-time high, and organizations and individuals are continually looking for ways to reduce the rising costs and maintain affordability in healthcare. With spending levels reaching unsustainable highs, there are ways that employees and employers can work together to reduce the overall healthcare liabilities. As individuals bemoan the reduction in their take-home pay due to healthcare costs and employers find themselves digging deep to support their employees, all parties are looking for options they can explore together.