WHAT'S IN THE NEWS?

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DOJ SUPPORTS FEDERAL COURT RULING INVALIDATING THE ACA

Posted on April 1, 2019 | News to Know

BY CONNER INSURANCE   OVERVIEW On Dec. 14, 2018, a federal judge ruled in Texas v. Azar that the entire Affordable Care Act (ACA) is invalid due to the elimination of the individual mandate penalty in 2019. In response, on March 25, 2019, the U.S. Department of Justice (DOJ) filed a letter with the Fifth…
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Goodbye group benefits. Hello personalized pay

Posted on April 1, 2019 | News to Know

BY Bob Wesselkamper   In the past, it was typical for a company to provide all employees with access to the same group benefits — regardless of their age, demographics or education level. From health insurance to retirement plans and paid time off, these uniform benefit packages were designed to meet the needs of the…
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4 health care expenses increasing faster than drug costs

Posted on April 1, 2019 | News to Know

BY Allison Bell   Durable medical equipment, home health care, doctors and hospitals could do more to drive up U.S. health spending this year than prescription drug costs, according to a team of actuaries at the Centers for Medicare and Medicaid Services (CMS). The CMS team is predicting that overall U.S. national health expenditures (NHE)…
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DOL Issues New Proposal on Overtime Exemptions

Posted on April 1, 2019 | News to Know

BY CONNER INSURANCE   OVERVIEW On March 7, 2019, the Department of Labor (DOL) issued a proposed rule that would change the salary thresholds for the “white collar” overtime exemptions under the Fair Labor Standards Act (FLSA). Under the proposal, the minimum salary level for executive, administrative and professional employees would increase from $455 to…
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Proposed Notice of Benefit and Payment Parameters for 2020

Posted on April 1, 2019 | News to Know

BY CONNER INSURANCE   On Jan. 24, 2019, the Department of Health and Human Services (HHS) published its proposed Notice of Benefit and Payment Parameters for 2020. This proposed rule describes benefit and payment parameters under the Affordable Care Act (ACA) that would be applicable for the 2020 benefit year. Proposed standards included in the…
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15 Warning Signs of Worker’s Compensation Fraud

Posted on April 1, 2019 | News to Know

BY CONNER INSURANCE   The workers’ compensation (WC) insurance system is a no-fault method of paying workers for medical expenses and wage losses due to on-the-job injuries. While the majority of WC claims are truthful, the National Insurance Crime Bureau reports that billions of dollars of false claims are submitted each year. To help you…
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PCORI payment increased to $2.45

Posted on April 1, 2019 | News to Know

BY UHC   The Affordable Care Act’s (ACA) Patient-Centered Outcomes Research Institute (PCORI) fee for policy or plan years that end between Oct. 1, 2018 and Oct. 1, 2019 is increased to $2.45 for payments due July 31, 2019. This is an increase from the $2.39 payment that was due in 2018. The PCORI fee…
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Poll: Support for ‘Medicare-for-all’ fluctuates wildly with details

Posted on April 1, 2019 | News to Know

BY IBJ   “Medicare-for-all” makes a good first impression, but support plunges when people are asked if they’d pay higher taxes or put up with treatment delays to get it. The survey, released Wednesday by the nonpartisan Kaiser Family Foundation, comes as Democratic presidential hopefuls embrace the idea of a government-run health care system, considered…
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CEO of Conner Insurance Recognized as 2019 Rising Star in Advising

Posted on January 22, 2019 | Press Release

INDIANAPOLIS – Ben Conner, CEO of Conner Insurance has been named to the 2019 class of Rising Stars in Advisors by trade publication Employee Benefit Advisor (EBA). This designation recognizes young advisors, spanning in age from 20 to 35 years old, who represent the “next generation of leaders” from around the country. Conner, along with…
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HDHP enrollees are better-informed, but they’re still skipping care

Posted on January 15, 2019 | News to Know

BY SCOTT WOOLDRIDGE   A new survey suggests that high deductible health plans (HDHPs) can be a good news/bad news proposition: although they succeed in making plan enrollees better-informed consumers, they also are associated with negative outcomes such as delaying care because of cost concerns. The survey, conducted by Employee Benefit Research Institute (EBRI) and Greenwald & Associates,…
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10 states where hospital inpatient stays are most expensive

Posted on January 11, 2019 | News to Know

BY EMILY PAYNE   Starting in January, hospitals across the country were required to post their chargemaster prices online for patients to see. Unfortunately, thus far the change is causing more confusion than clarity. What’s ultimately billed to the patient is determined the insurance company’s negotiated rates with the facility, and that varies greatly from one individual to another….
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NYC to fund health care for all, including the undocumented

Posted on January 8, 2019 | News to Know

BY HENRRY GOLDMAN   New York Mayor Bill de Blasio proposed a $100 million plan that he said would provide affordable “healthcare for all,” reaching about 600,000 people, including undocumented immigrants, low-income residents not enrolled in Medicaid and young workers whose current plans are too expensive. The plan, which de Blasio dubbed “NYC Care,” will offer public health insurance on a…
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2 trends that will transform employee rewards programs in 2019

Posted on January 4, 2019 | News to Know

BY PETER DEBELLIS   It’s no secret that the U.S. labor market is tight. At present there is less than one job-seeker per job opening in the United States—a situation that is causing organizations of all sizes to reevaluate their rewards strategies. As the new year unfolds, organizations are facing a number of profound and fundamental changes….
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What happens when you let employees design their benefits package?

Posted on January 4, 2019 | News to Know

BY JACK CARVER   As employers struggle to craft benefit packages that appeal to the broadest number of workers, a recent case study proposes a radical solution: let employees figure it out through a game. The case study was developed by Janet McNichol, the director of human resources at the American Speech-Hearing-Language Association (ASHA) in an effort to craft a…
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IRS Announces Employee Benefit Plan Limits for 2019

Posted on November 26, 2018 | News to Know

BY Conner Insurance   Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2019. Although some of the limits will remain the same, many of the…
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