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

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

Top 5 Pitfalls of Employee Health Plans – Part III

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One of the most challenging human capital decisions employers are faced with is how to combat the rising costs of employee benefits. Employers need to weigh cost, network of physicians, and the employee out of pocket expenses against one another when vetting employee health plans.

More often than not HR Managers must consider changing insurance plans and possibly insurance companies. By the time your employees learn and understand their health plan, it’s time for that pesky renewal and all the changes that come along with it.

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Topics: employee benefits, health advocate, medical bills, preventive care, wellness

Top 5 Pitfalls of Employee Health Plans – Part II

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One of the key provisions of the Affordable Care Act otherwise known as “Obamacare” allows men, women, and children to seek routine care at no charge.

You may be wondering what “routine care” encompasses. There are dozens of services that could be considered preventive under a standard employee benefits plan if you know the tricks of the trade.

In the second part of our series, we will discuss some of the most common issues your employees deal with when using their health insurance plan for routine care.

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Topics: employee benefits, health advocate, medical bills, preventive care, wellness

Top 5 Pitfalls of Employee Health Plans – Part I

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We all live in a world of bills, bills, and more bills! It’s hard enough for your employees to keep up with the mortgage or rent, utilities and credit card payments but the leading cause of all bankrupcies in the US is medical debt!

One of the keys to administering successful employee health plans is helping employees understand the basic questions they should be asking when using their insurance.

When you buy a car, do you drive the car off the lot without looking at the sticker price?  So why is it with health insurance that we go to the doctor or schedule a service without asking some basic questions?

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Topics: employee benefits, health advocate, medical bills