HR Benefit Advisors, Ltd. © All Rights Reserved.


ACA Compliance

Employers Split on Whether to Self-Fund Prescription Drug Plans


POSTED BY ADMIN ON AUG 31, 2016 IN ACA, HR BENEFIT ADVISORS BLOG, THE BLOG |COMMENTS OFF ON DO YOU KNOW WHO YOUR PRIMARY CARE PHYSICIAN IS? WELL, YOU SHOULD.

Do You Know Who Your Primary Care Physician Is? Well, You Should.

On average, 11.9% of prescription plans are self-funded, with the vast majority (88.1%) of employers choosing to fully insure their prescription plans, according to UBA’s new Special Report: Trends in Prescription Drug Benefits, based on data from the latest UBA Health Plan Survey of more than 10,000 employer-sponsored health plans. Although self-funding has increased 9% from the past survey year, the move to self-funding is slow but positive among small groups (10 to 199 employees), while large groups are actually moving away from this...



Call now to find out how   800.546.7410

POSTED BY ADMIN ON JUL 6, 2016 IN ACA, EMPLOYER NEWS, HR BENEFIT ADVISORS BLOG,INDUSTRY NEWS, THE BLOG, UBA NEWS | COMMENTS OFF ON EMPLOYERS SPLIT ON WHETHER TO SELF-FUND PRESCRIPTION DRUG PLANS

The Affordable Care Act (ACA) has brought about many changes to the health insurance industry. As we are now in the sixth year of implementation of the Act, we are seeing more changes coming just around the corner. Generally speaking, most health plans can be classified into two categories: HMO and PPO. With an HMO plan, you choose your physician group where you will seek services, and you choose a primary care physician that you will see for all of your needs, who will refer you to a specialist or other service facility, if needed. The HMO...