United Benefit Advisors Insight and Analysis Blog

Top 10 Blogs of 2014

Posted by: Bill Olson    Jan 16, 2015 1:00:00 PM

 

We’ve rounded up the most popular UBA blogs of 2014, which have garnered thousands of views.

 

10. UBA Releases 2014 Health Plan Survey Executive Summary.

Recent survey data from the 2014 United Benefit Advisors Health Plan Survey, the nation's largest health plan survey, shows that employers continue to shift a greater share of expenses to employees through out-of-pocket cost increases and reductions in family benefits, as well as delay many effects of the Patient Protection and Affordable Care Act (PPACA) by utilizing an early renewal strategy. More

 

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Topics: health plan survey, UBA, section 125 plans, PPACA Affordable Care Act, IRS, Self-Funded, HHS, EEOC, blog, Skinny Plans, out-of-pocket limits, top 10

Self-Funded Plans Must File Transitional Reinsurance Fee Form by November 15

Posted by: Linda Rowings    Nov 4, 2014 10:29:00 AM

The transitional reinsurance fee (TRF) applies to fully insured and self-funded major medical plans for 2014, 2015, and 2016. The purpose of the fee is to provide funds to help stabilize premiums in the individual insurance market in view of uncertainty about how the Patient Protection and Affordable Care Act (PPACA) would affect claims experience. Insurers are responsible for reporting and paying the fee on the policies they issue, although the fee will generally be passed on to the employer. Plan sponsors of self-funded plans (or their representatives) must report and pay the fee to the federal government at www.pay.gov.

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Topics: Linda Rowings, Self-Funded, PCORI, Patient Centered Outcomes Research Institute, November 15, Transitional Reinsurance Fee

Deadline Approaching for Larger Self-Funded Health Plans To Obtain a Health Plan Identifier Number

Posted by: Linda Rowings    Oct 21, 2014 11:08:00 AM

To meet federal requirements, large health plans must obtain a national health plan identifier number (HPID) by November 5, 2014. For this requirement, a large health plan is one with more than $5 million in annual receipts. The Department of Health and Human Services (HHS) has said that since health plans do not have receipts, insured plans should look at premiums for the prior plan year and self-funded plans should look at claims paid for the prior plan year. Small health plans (those with less than $5 million in claims during the prior plan year) have until November 5, 2015, to obtain an HPID.

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Topics: Self-Funded, HPID, Deadline, HHS, Centers for Medicare and Medicaid Services, Form 5500

A To-Do List for Sponsors of Self-Funded Group Health Plans

Posted by: Jennifer Stanley    Oct 9, 2014 2:17:00 PM

Below are some to-dos for sponsors of self-funded group health plans.  The information is limited generally to the “what” and the “when.”  For a summary of the PPACA provisions that apply to group health plans and whether the provision applies to self-funded plans, request PPACA Decision Guide for Self-funded Plans.   

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Topics: Self-Funded, HPID, HIPAA, Sponsors, BAA, TRF, 6055 Reporting, 6056 Reporting