Ashton-Blog

Still Running a Fully Insured Health Plan? Self-Funded Plans are Gaining Steam

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Is your business set on remaining fully insured? If so, please take a look the following article : A middle ground between insured and self-funded…” http://bit.ly/2arL20o

Are you interested in arranging an introductory or refresher call/presentation with an Ashton subject matter expert to learn more about our level-funded plans? Please contact us to schedule a convenient time.

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Topics: employee benefits, self-funding

THE HILL: Insurers Warn Losses from ACA Unsustainable

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Published this past week, THE HILL included an article that“Insurers Warn Losses from the ACA are Unsustainable.” 

Whether insurers drop out of the exchanges or raise rates, premium increases on employer plans are already being felt. Going forward, businesses that remain at the mercy of fully insured carriers will further suffer.

Want to learn more about how Ashton’s level-funded program is helping small and mid-size businesses escape from constantly increasing health insurance premiums? Contact us today.

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Topics: aca, employee benefits, employers, healthcare reform, self-funding, self-insurance

The 2016 monthly maximum for Transit is $255

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Congress has acted and the President has signed the “Omnibus” bill containing important tax provisions.
The biggest impact to employee benefits plans for 2016 is that  Mass-Transit Commuter Benefits now have permanent parity with Parking Benefits.

The 2016 monthly maximum for Transit is $255. What does this mean to you?
  • Employees can change their transit elections and shift more of their commuting costs to pre-tax dollars, saving more money on their commute.
  • Employers will save more money on payroll taxes due to greater pre-tax participation among employees.

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Topics: Uncategorized

Not All Health Plans Are Created Equal

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It sounds like common sense, but with all the noise in the employee benefits world today about compliance, the Affordable Care Act, and benefits administration, it’s easy to forget the primary reason insurance agencies exist, to evaluate the most cost effective employee benefits programs for employers and their employees.

With health insurance premiums continuing to rise, the need for a trusted advisor with experience evaluatingalternative plan design strategies is more important than ever.

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Topics: Uncategorized

7 tips to better recruit & engage millennials

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Employers juggling multiple generations of workers face special challenges. But as the retiring baby boomers open up new opportunities for others, employers face another new challenge – recruiting and engaging the millennials. Experts at Colonial Life’s Small Business Hub offer these seven tips to bring more awareness in onboarding a new generation of professionals.

1. Position inspirational leaders at the forefront

Millennials are looking for employers that have strong leadership on top. According to a recent Deloitte study, more millennials were likely to characterize “true leaders” as those with strategic thinking and people with the ability to inspire others. Be sure to keep those at the forefront.

2. Encourage innovation

Millennials are a generation well familiar with cell phones, high-speed internet and ever-changing technologies. A PwC survey showed 59% of millennials believe having the latest technology at a job is critical when looking for an employer.

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Topics: HR, Millennials, Recruiting

How to make employee benefits a true recruiting & retention tool

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INTRODUCTION:

In many organizations I come across, employee benefits has become an area that employees view as something that gets eroded each year due to cost increases and benefits changes.  Too many HR departments are in a pattern of the “here we go again” mentality when open enrollment comes around.

As the economy improves and the job market begins to come back to life, employee benefits must once again serve as a recruiting and retention tool.

Here are some small, easy changes you can make to your employee benefits program to attract and retain the best talent.

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Topics: benefits technology, employee benefits, health advocate, hris

The Four HR Portal “Must Haves”

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How much time do you spend managing your company’s employee benefits?  Imagine an HR System where everything you need is at your fingertips in one beautiful dashboard. But the system is also robust, able to handle complex plan designs and rate structures.  HR Systems are changing the way companies work.

When vetting a new HR Portal there are four main features we consider “Must Haves.”  Check them out below or download our free E-Book, “Reinventing the Enrollment Experience”

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Topics: benefits technology, employee benefits, HR, HR Portal, hris

5 Reasons Your Group Medical Plan Needs a Health Advocate

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A Health Advocate can be a godsend for anyone dealing with a huge bureaucratic insurance company. No matter what insurance company your group uses to provide medical insurance as part of your employee benefits program, someone is destined to run into an issue with a denied claim, confusing medical bill or trouble understanding what the plan covers. We’ve heard it time and time again, “you need a masters degree in insurance just to understand this stuff!” Well, then why not provide each employee with an expert who can help navigate the complexities of the insurance market? Here are the top 5 reasons your group medical plans needs a health advocate:

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Topics: employee benefits, health advocate, hris

Employer Reporting Guide for Large Employers

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INTRODUCTION:

Beginning with calendar year 2015, an applicable large employer (ALE or “large employer,” as referenced in this summary) must use Forms 1094-C and 1095-C to report the information required under Internal Revenue Code sections 6055 and 6056 about offers of health coverage to full-time employees’ (FTEs) and individuals’ enrollment in health coverage.

Ashton Benefits’ free software includes the data and reports that you need to make these new requirements a breeze.

The most difficult part of the entire process is compiling the data!  Once you have the data, the rest is simply transposing it to the proper form!  But what will you do if there is no system in place to track your employee demographics, month by month coverage, and eligibility dates?  The free Ashton portal takes care of all of this!

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Topics: aca, benefits technology, compliance, employee benefits, healthcare reform, hris

The Basics of Self Funding

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IS A SELF-FUNDED MEDICAL PLAN THE RIGHT MOVE FOR MY COMPANY?

To control spiraling healthcare costs, today’s employers are constantly examining ways to economize and improve cash flow without sacrificing employee health coverage.

More than ever, employer health plans have become a major contributor to the financial well being of companies. As such, the one size fits all approach to health benefit plan design has become obsolete, and the need for data-intelligent, customer-centric solutions is on the rise.

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Topics: employee benefits, self-funding, self-insurance