What the midterm election means for health care

Posted by Alex Tolbert on Mon, Nov 19, 2018 @ 09:11

Medicaid expansion, Obamacare and more

Unlike the past few U.S. elections, health care did not play a major role in the 2018 midterms. While some campaign ads in Tennessee and nationwide focused on the Affordable Care Act, prescription drug prices and protections for pre-existing conditions, Obamacare just isn’t the political lightning rod it once was.

However, that isn’t to say that the results of the election won’t impact health care. Many Americans still struggle to access care, and most are frustrated by rising costs. At this point, any major health care policy is unlikely to pass, but newly elected and re-elected politicians will still likely want to work toward improving the health care system locally and nationally.

Below, let’s look at how health care might be impacted by the results of this election, both in Tennessee and nationwide.

Read More

Tags: healthcare, The Tennessean, healthcare costs, individuals, karl dean, bill lee, midterm elections

Will healthcare undermine your clients’ retirement strategy?

Posted by Emily Kubis on Thu, Nov 15, 2018 @ 14:11

Affluent Americans are concerned about the impact of healthcare costs on retirement

According to a new study published by Nationwide, healthcare costs are a major concern as adults age, and six in ten affluent Americans surveyed are “terrified” of how healthcare costs may derail their retirement plans.

These consumers are right to be concerned about these costs in retirement – expenses are expected to top $280,000 in retirement, according to a 2018 estimate by Fidelity Investments.

More than half of the respondents surveyed by Nationwide said they are concerned about not having the money they need to cover unplanned medical expenses in retirement, and Nationwide confirms many Americans are already unable to handle unexpected healthcare costs.

Read More

Tags: Bernard Health, financial advisors, financial planner, retirement, healthcare costs, healthcare extension

UnitedHealthcare launches new health plan option for Tennessee small employers

Posted by Emily Kubis on Tue, Nov 13, 2018 @ 09:11

New option for small employers could produce savings

UnitedHealthcare announced this fall the launch of a new group health plan option for small employers in Tennessee.

The carrier’s ‘All Savers’ product is a Dividend-Eligible health plan. Sometimes called a ‘level-funded’ health plan, this self-funded strategy allows employers to have more transparency into where their claims dollars are spent and access to savings in low-claim years.

This product has been available in other UnitedHealthcare markets for years, beginning with a 2013 launch in Colorado. The launch in Tennessee demonstrates the success of this strategy in the small employer market.

All Savers is available for groups of five to 100 eligible employees. But how does a Dividend-Eligible plan work?

Read More

Tags: group plan, group benefits, employers, dividend-eligible, UnitedHealthcare, all savers, tennesseee

Three surprise healthcare costs that can affect retirement savings

Posted by Emily Kubis on Thu, Nov 08, 2018 @ 13:11

How to prepare

Do your clients have the information they need to effectively plan for healthcare costs in retirement? More and more advisors are recognizing that healthcare is an area of significant concern when it comes to retirement savings, but many retirees are still not planning for all of their potential costs.

Financial advisors have the opportunity to help clients better understand what to expect, and how to plan ahead for healthcare costs. In particular, here are three surprise healthcare costs that many Americans are not currently planning for.

By developing expertise in these areas in-house or partnering noncommissioned insurance advisors, financial advisors and wealth managers can give peace of mind to clients.

Read More

Tags: Bernard Health, financial advisors, financial planner, retirement, healthcare costs, healthcare extension

Four steps for finding the right health insurance plan in 2019

Posted by Alex Tolbert on Tue, Nov 06, 2018 @ 15:11

More options for Tennesseans

Do you need individual or family health insurance coverage in 2019? Open enrollment is here, which means consumers can compare and enroll in Affordable Care Act marketplace plans on Healthcare.gov until Dec. 15.

All the news about marketplace plans and new carriers coming to Nashville might distract consumers from an option that has been around for a long time, but is even more attractive in 2019 because of tax law changes. That option is Farm Bureau, and applying for one of its offerings should be the first step most Tennesseans take this year.

Read More

Tags: healthcare, The Tennessean, healthcare costs, individuals, karl dean, bill lee

Three best practices for recruiting with technology

Posted by Bernard Health on Thu, Nov 01, 2018 @ 09:11

Check out this column in Recruiter:

As employers across the US step up their recruitment efforts in 2018, HR departments are looking for ways to take their recruitment strategies to the next level. The best practitioners know the key to increasing visibility and applicant numbers is to take your recruitment strategies online. Leveraging the right recruitment tech tools can streamline your process and provide valuable data which you can use to further refine your efforts.

However, tech alone isn’t enough to drive results. To see improvements, those utilizing the tech must observe a few best practices:

Read More

Tags: BerniePortal, recruitment

How financial advisors can help clients with open enrollment

Posted by Emily Kubis on Wed, Oct 31, 2018 @ 10:10

Open enrollment begins Nov. 1

Open enrollment is here! Beginning Nov. 1, consumers can compare and enroll in Affordable Care Act plans via Healthcare.gov and state-based marketplaces until Dec. 15. You may already have clients asking for advice in this area, or you may know of clients who could use assistance in choosing the right healthcare strategy.

Here are a few tips for how financial advisors can help clients with open enrollment, providing another level of comprehensive service and wealth management.

Read More

Tags: Bernard Health, financial advisors, financial planner, retirement, healthcare costs, healthcare extension

5 tips for optimizing employee onboarding

Posted by Gretchen Smitson on Wed, Oct 24, 2018 @ 09:10

Efficiently onboard new hires

Onboarding an employee and getting them up to speed can be a hassle. It involves planning, paperwork and labor law expertise. With all of these elements combined, bringing on a new hire can be stressful and time consuming—especially when you have a million and one other things to get done.

Here is a list of onboarding best practices that will increase your onboarding efficiency and improve your new hires’ onboarding experience.

Read More

Tags: BerniePortal, recruitment

Tennessee premium rates are stabilizing — but are costs still too high?

Posted by Alex Tolbert on Mon, Oct 22, 2018 @ 10:10

More options for Tennesseans

Open enrollment is almost here, and after years of double-digit premium increases, prices seem to be stabilizing.

Beginning Nov. 1, Tennessee consumers will be able to sign up for individual health plans via Healthcare.gov, and some consumers might actually pay less next year than they did in 2018.

For the first time since the Affordable Care Act exchanges opened in 2014, BlueCross BlueShield of Tennessee has filed for a rate decrease, dropping premiums nearly 15 percent. Cigna also requested a rate decrease for 2019, with premiums set to fall nearly 13 percent.

However, not all consumers will see a price reduction. One carrier in Tennessee, Oscar Health, plans to increase premiums in 2019 by 7.2 percent, and consumers with other plans may receive less in subsidies and pay more in premiums.

What is driving these cost changes? To understand, let’s look briefly at how premiums are set.

Read More

Tags: healthcare, The Tennessean, healthcare costs, individuals, karl dean, bill lee

Are your employees happy?

Posted by Gretchen Smitson on Fri, Oct 19, 2018 @ 08:10

51% of employees report job satisfaction

Employee retention is a struggle that many employers face in the modern recruiting market. In order to remedy high turnover rates, employers are trying to find ways to keep employees satisfied with their employer organization.

According to a report conducted by The Conference Board, 51% of employees in the United States are satisfied with their jobs overall. With just a little more than half of the workforce reporting job satisfaction, that leaves nearly one half of workers dissatisfied with their overall workplace experience. So what are employers doing well? What could be improved? 

Read More

Tags: BerniePortal, recruitment

Email Subscription

employer healthcare freedom
employer healthcare freedom