President Trump Signs Bills Aimed to Protect Consumers from Overpaying for Prescriptions

    Posted by Soules Insurance on Tue, Oct 16, 2018

    On Wednesday, Oct. 10, 2018, President Donald Trump signed two bills into law that ban the “gag clauses” that can result in consumers overpaying for their prescriptions.

    Continue reading to find out what this means for you.

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    Tags: Benefits, Consumers, Healthcare, Healthcare Legislation, Trump, Healthcare Costs, Consumer Healthcare, President Trump, Consumer Health Care, Prescriptions, Prescription Drugs, Trump signs bill, Protect Consumers, gag clauses

    2018 HSA Limit for Family Coverage Changed Again

    Posted by Soules Insurance on Tue, May 1, 2018


    On April 26, 2018, the IRS released Revenue Procedure 2018-27 to announce another change to the 2018 the family health savings account (HSA) contribution limit. The new revenue procedure modifies the family HSA contribution change imposed by the March 5th Revenue Procedure 2018-18.

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    Tags: Benefits, Healthcare, Health Coverage, HSA, Health Savings Account, Coverage Change, HSA Limit, Health Account

    How evolving consumer health can change the benefit mindset

    Posted by Soules Insurance on Tue, Apr 18, 2017

    Change is set to sweep across the benefits landscape, and a number of newly emerging factors will begin influencing how employers look at benefits packages and engage workers.

    Major influences on the horizon include changing the mindset of "old age," the next generation workforce (millennials and centennials), augmented health (technology meeting healthcare), the wealth gap and DIY healthcare (hands-on approach), says Don Abraham, president of consulting services at Kantar Futures.

    “An influx of alternate solutions and business models — including shared consumption, do-it-yourself solutions and localized services — will revolutionize long standing and hierarchical industries, including finance education and healthcare,” he said at the National Business Group on Health’s Business Health Agenda conference in Washington, D.C.

    Continue reading for more on the evolution of consumer health.

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    Tags: Benefits, Healthcare, Consumer Healthcare, Health and Retirement

    Level-funding Growing in Popularity Among Employers

    Posted by Soules Insurance on Fri, Apr 7, 2017

    More employers are opting to self-insure their employee benefits in order to gain more flexibility and control in plan design and financing.  A well-designed self-insured plan enables companies to reap the benefits of their cost containment efforts and wellness activities, rather than having to pay a monthly premium to a commercial insurer based on an arbitrary set of rating restrictions.

    Level-funding is a self-insurance hybrid program which further enables companies to benefit from the regular and predictable cost of a fully insured plan, while only paying for the healthcare costs actually incurred by employees. This approach can potentially provide a 30 to 40 percent annual refund on health benefit costs.

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    Tags: Employers, Healthcare, Level-funding, Self-Insure, Healthcare Costs