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Health Care Reform Developments in 2011
There were many developments regarding health care reform this year, as provisions took effect, guidance was announced and it was challenged in the courts.
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HSA Popularity Continues to Rise, But May Face Challenges
Over 11.4 million Americans are currently covered by a health insurance plan that is paired with a health savings account (HSA), according to a recent census by America's Health Insurance Plans. This number is over 14 percent more than a year ago, as these plans have grown heavily in popularity over the past few years. The census also found that between January 2010 and January 2011, large group coverage was the fastest growing market for HSA plans, increasing by 26 percent.
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Medical and Rx Cost Trends Projected to Decline in 2012
2012 medical and prescription drug plan cost trend rates are expected to decline from 2011 levels, according to the 2012 Segal Health Plan Cost Trend Survey.
Trend is a forecast of how much health care costs will rise over the next policy year. It takes into account factors such as price inflation, utilization, government regulations, and new treatments and technology. Trend is not the same as the change in actual plan costs, but there tends to be a high correlation between the two. |
Crafting a Benefits Communication Program
Part of offering a benefits package is communicating those benefits to your employees; neglecting this responsibility can have negative consequences. Not only are you legally obligated to provide certain benefits communications, but it also helps your employees to better understand, utilize and appreciate the benefits provided to them. Here are some tips for getting started. |
