WHAT'S IN THE NEWS?

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Why Health Insurance Costs Keep Rising (And How We Keep Them Down)

Posted on January 8, 2020 | News to Know

BY RYAN SPENCER For most businesses, health insurance premiums rise 8-12 percent every year. These meaty rate hikes have grown so common, employers rarely fight them. In fact, many see a five or six percent year over year increase as a small victory. The good news: Employers can effectively reduce their spend if they understand…
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Health Care Predictions for 2020

Posted on December 18, 2019 | News to Know

BY BEN CONNER Health care seems to grow more complicated each and every year. If you don’t look ahead at what’s coming, you may be blindsided by new developments. Now that 2019 is winding down, we’re looking ahead to the new year—and the changes you should be ready for. Here’s the good news: Health care…
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Why Every Wellness Program is Destined to Fail (And What to Focus On Instead)

Posted on December 5, 2019 | News to Know

BY RYAN SPENCER Wellness programs have long been championed as ways for employees to reduce benefits expenses, presumably by making employees healthier. Unfortunately, study after study has proven that wellness programs don’t generate an ROI or even help unhealthy employees improve their health. Employers approach these programs from the wrong angle. While they’re not effective…
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IRS Announces Employee Benefit Plan Limits for 2020

Posted on November 25, 2019 | 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 2020. Although some of the limits will remain the same, most of the limits…
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Google Delves Deeper Into Health Data With Latest Partnership

Posted on November 25, 2019 | News to Know

BY BENEFITS PRO Google is aggressively collecting and analyzing health care data on millions of patients in 21 states across the U.S. The effort represents what the Wall Street Journal terms the “biggest effort yet by a Silicon Valley giant to gain a toehold in the health-care industry through the handling of patients’ medical data.” “Project Nightingale”…
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$11 Trillion in Health Care Costs Over the Next Decade? Yep.

Posted on November 25, 2019 | News to Know

BY BENEFITS PRO Promoting her much-discussed plan to create a single-payer “Medicare for All” health system, Sen. Elizabeth Warren emphasized a striking figure. “If we make no changes over the next 10 years, Americans will reach into their pockets and pay out about $11 trillion on insurance premiums, copays, deductibles and uncovered medical expenses,” the Democratic presidential…
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Hospitals Must Post Real Prices Starting in 2021

Posted on November 25, 2019 | News to Know

BY BENEFITS PRO The administration of President Donald Trump has taken two major steps toward requiring hospitals and health coverage providers to give patients detailed information about what care will really cost. The Centers for Medicare and Medicaid Services (CMS) — the arm of the U.S. Department of Health and Human Services that oversees Medicare,…
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Trump Administration Announces Historic Price Transparency Requirements to Increase Competition and Lower Healthcare Costs for All Americans

Posted on November 25, 2019 | News to Know

BY US DEPARTMENT OF HEALTH & HUMAN SERVICES   As directed by President Trump’s Executive Order on Improving Price and Quality Transparency in American Healthcare, today the Department of Health and Human Services is announcing that the Centers for Medicare & Medicaid Services (CMS) is issuing two rules that take historic steps to increase price transparency to…
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Hospital Monopolies Drive Up Health Care Costs in Indiana, Study Says

Posted on November 25, 2019 | News to Know

BY INDIANA BUSINESS JOURNAL Hospital monopolies drive up health care costs in Indiana, study says Over the past two decades, Hoosiers’ health care costs have gone from below-average to much-higher-than-average, according to a Ball State University study. The study, by Ball State’s Michael Hicks, shows that medical expenditures are high in Indiana because not-for-profit hospitals…
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Obamacare Offers Hoosiers Fewer Choices, Higher Prices

Posted on November 25, 2019 | News to Know

BY INDIANA BUSINESS JOURNAL From a look at the numbers, Indiana is not a great place to buy health coverage through the Affordable Care Act marketplace. While the number of insurers selling plans around the country in 2020 is increasing by one-third over this year, the choices in Indiana have decreased in recent years. Just…
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Health Insurance Renewal Season, Part 2: The Consequences of Inaction

Posted on November 21, 2019 | News to Know

BY BEN CONNER The health insurance renewal season is your biggest opportunity for meaningful change to your plan, company finances, and employees’ health. Unfortunately, many business leaders miss this opportunity because they don’t believe they have the opportunity or control to spark real change. Instead, they find reasons not to push for change. Some of…
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Health Insurance Renewal Season, Part 1: The Advantages of Taking Action

Posted on November 6, 2019 | News to Know

BY RYAN SPENCER When it comes to health insurance premium increases, many businesses have been bullied into complacency. Instead of fighting back, they’ve accepted the status quo rate hikes of between 8 and 12 percent each year. As a result, many businesses do not take action to lower their costs in large part because they…
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Conner Insurance Among Healthiest Employers

Posted on October 28, 2019 | Newsletter

The team at Conner Insurance is proud to share that we’ve been named a finalist for 2019 in the Healthiest Employer of Indiana Awards program, a nationally-recognized awards program powered by the Springbuk Health Intelligence Platform! As previous finalists, our team felt confident that our wellness-oriented culture and commitment would stand apart among Indiana employers,…
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The Most Effective Ways to Communicate Benefits to Employees

Posted on October 16, 2019 | News to Know

BY BEN CONNER Benefits are effective tools for providing employees with the proper resources to manage their health, a factor that also demonstrates how much your company values their talent. Many employers adopt plans with great features and perks, but many of them go unused because the plan is so complicated that employees are unaware…
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How Broken Promises From Health Insurance Brokers Make it More Difficult for the Rest of Us

Posted on October 3, 2019 | News to Know

BY BEN CONNER I recently met with a prospect. Sitting down in his office, I couldn’t help but notice his body language: He avoided my eye line. He kept his arms crossed. His handshake was quick and formal, as if he couldn’t wait to get the meeting over with.  It struck me then that this…
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