Arch Apple Financial Services

Arch Apple Financial Services

Category: Content
Type: Blog Article

Generated 3 months ago

New blog articles detected

  • Health Benefits in 2016

    This year marks the fifth straight year of relatively low premium growth in health plans among private and non-federal public employers with three or more workers. Family coverage is growing 3% to 4% each year. However, deductibles continued to grow in 2016, according to a survey by the Kaiser Family Foundation and the Health Research […]

  • Workers Have Increased Cost Sharing

    Medical insurance costs are contributing to working Americans de-valuing their employee benefits in 2016, according to a survey by the Guardian. Employers are asking employees to shoulder a larger share of costs: 54% are implementing HDHPs (up from 48% in 2014), and 49% are increasing cost sharing (up from 43%) Benefits are still important. Three […]

  • Covered California Announces Rates for Small Group Plans

    Covered California announced the rates and expansion plans for its small group health insurance exchange. The statewide weighted average rate increase is 5.9%, for employers and their employees beginning Jan. 1, 2017, which is down from the 7.2% increase in 2016. Starting Jan. 1, Blue Shield of California will take its Full PPO plan statewide […]

Arch Apple Financial Services

Category: Content
Type: Blog Article

Generated 3 months ago

New blog articles detected

  • Millennials and Retirement Planning

    Contrary to popular belief, Millennials (ages 18-34) want to achieve many of the same traditional life milestones as do their older counterparts, but they are waiting to start saving because they don’t have enough to cover minimum expenses (38%) or don’t know where to start (27%), according to a study by the Million Dollar Round Table. […]

  • Employers Are Skeptical of Prescription Drug Mandates

    America’s employers are concerned about high drug prices and say that private sector solutions would address the issue more effectively than government intervention, according to a national survey conducted for the Pharmaceutical Care Management Association (PCMA). By a three to one margin, they say that new government mandates would lead to higher drug costs. When […]

  • Group Supports Mental Health Parity Enforcement

    The National Alliance on Mental Illness (NAMI) is supporting legislation to ensure enforcement of the 2008 federal mental health insurance parity and expanded coverage under the ACA. “While significant progress has been made, people living with mental illness continue to encounter significant barriers in getting necessary mental health services covered in health insurance,” said NAMI […]

  • CDHP Members Have Lower Health Care Spending

    People with consumer-driven health plans (CDHPs) have lower total per capita spending on health care, partly because they use less health care, according to a study by the Health Care Cost Institute. At the same time, out-of-pocket spending by CDHP consumers is 1.5 times higher than for non-CDHP consumers. For example, people in consumer-driven health […]

  • Open Enrollment Tips for Consumers

    This fall, up to 1.5 million people will be affected when Aetna, UnitedHealthcare and Humana exit some of the public exchanges. Many other plans will have narrower networks with increased premiums. That adds up to millions of Americans shopping for a plan this open enrollment season. GetInsured is offers the following tips to help consumers […]

  • Protecting Consumers From Surprise Medical Bills

    The California Legislature approved AB 72, which would provide strong protection against surprise out-of-network medical bills starting next July. The measure mandates that patients who received care from in-network facilities would only have to pay in-network cost sharing. This change would only affect non-emergency care since emergency physicians in California are already barred from balance […]

  • Most 401(k)s Fall Short of Providing Lifetime Income

    Most 401(k) plans studied by the General Accountability Office don’t include products and services that could help participants turn their savings into a lifetime retirement income. Responses to GAO’s questionnaire represented about a quarter of plans at the end of 2014. About two-thirds did not offer a withdrawal option. About three-quarters did not offer an […]

  • Small Businesses Are Rethinking Retirement Benefits

                Small business owners are finding that the Affordable Care Act (ACA) has decreased the appeal of health care benefits to employees and increased the importance of a retirement plan, according to a recent survey conducted on behalf of Nationwide. John Carter, president of Nationwide’s retirement plans business said, “The changing health […]

Arch Apple Financial Services

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • Closing the Gap Between 401(k) Offerings and Workers’ Needs

    A study by Transamerica identifies opportunities to increase retirement security through the workplace. For example, offering automatic enrollment is one of the most effective ways to increase plan participation. Seventy-one percent of workers like the idea of automatic enrollment, but only 21% of 401(k) plan sponsors offer it. Forty-one percent of large companies offer automatic […]

  • ERs After Obamacare: More Patients, Fewer On-Call Specialists

    The average monthly emergency department visit increased 5.7% in Illinois after the implementation of the Affordable Care Act (ACA) while population numbers remained flat. While visits to emergency departments in Massachusetts climbed steadily from 2005 to 2014, the availability of on-call specialists declined significantly (surgeons, psychiatrists and other specialists). The results of two state ...

  • Emergency Doctor Slams High Deductible Plans

    The president of the American College of Emergency Physicians Jay Kaplan, MD, FACEP released a statement in response to a recent rash of articles on the spikes in price for generic and name-brand pharmaceutical drugs. The following is a summary of his comments: Consumers are rightly angered by the sudden rise in prices for certain […]

  • ACOs Prove Successful in Medicare

    The Medicare Shared Savings Program Accountable Care Organizations (MSSP ACOs) continue to generate financial savings while improving care. They do so by fostering greater collaboration among providers, according to a report by The Centers for Medicare and Medicaid Services (CMS). When an ACO achieves high-quality care and reduces above certain thresholds, the participating ACO shares […]

  • Proposed Silver Exchange Premiums Jump

    An analysis from Avalere finds that 2017 premium increases vary significantly by geography, but they are going up for the most part. Likely contributors to premium growth are lower-than-expected exchange enrollment, higher enrollee healthcare costs, and the end of the reinsurance and risk corridor programs, according to the report. Proposed premium increases average 11%, but […]

  • Experts Predict Sharp Decline in Competition in Exchanges Outside California

    An analysis by Avalere reveals that unsustainable financial losses are making several large national and regional issuers scale back or withdraw from the exchange market. Nearly 36% of exchange market rating regions are expected to have only one participating insurance carrier for the 2017 plan year. There may be some sub-region counties where no plans are […]

  • Profits Plummet for Leading Health Plans

    The majority of leading health plans saw reduced profitability in first the quarter of 2016 compared to the first quarter of 2015. On one hand, health plans saw increased enrollment in their exchange business. But the ACA also brought financial losses. Affecting profitability was the volatility in financial markets, investment losses, costs associated with pending […]

  • Insurers Focus on Off-Exchange individual Market

                Many health insurers are turning their attention to off-exchange individual plan membership as more consumers withdraw from the exchanges, according to a report by Mark Farrah Associates. Although 4.9 million new members enrolled the exchanges in 2016, individual market enrollment declined 1%. Anthem, UnitedHealth, Aetna, Health Care Service Corporation […]

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