WHAT'S IN THE NEWS?

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Have You Established Your Health Benefits Contingency Plan? 3 Questions You Should Ask

Posted on October 14, 2020 | News to Know

BY RYAN SPENCER The coronavirus and the resulting economic recession blindsided companies all over the country. Leaders have responded with a variety of cost-cutting tactics, from layoffs to reduced hours to mandatory work-from-home. But there’s another tactic available that few leaders have used: A health benefits contingency plan. By re-evaluating their plan needs, company leaders…
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Evaluating the Potential Impact of Health Benefits Plan Changes: 6 Factors to Consider

Posted on September 25, 2020 | News to Know

BY BEN CONNER Change is scary. When there’s an unknown that could significantly impact the health of your business and its employees, you have every right to feel nervous. But change is also necessary. In the ever-evolving business world, your company has a responsibility to read market trends and react accordingly. If your business must…
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How to Turn Your Health Plan into a Win-Win For Your Company and Its Employees

Posted on September 9, 2020 | News to Know

BY BEN CONNER Company health plans commonly feel like a lose-lose for both the business and its employees. The benefits are stressful for employers because of their ever-growing costs, and employees are stressed by premiums, co-pays, and plan details. By taking a comprehensive, measured approach to health benefits, you can create win-win opportunities within your…
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Designing a Health Care Plan That’s Right For Your Company

Posted on August 26, 2020 | News to Know

BY RYAN SPENCER As advisors, we partner with our clients to deliver the best health plan possible. Establishing a meaningful relationship requires a deep understanding of the company’s structure, culture, leadership, and employees. To reach this point, we spend much of our time early in the partnership immersing ourselves in the business by interviewing the…
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Decisions For Fully-Insured Renewals: Are You Facing a 40% Rate Increase?

Posted on July 22, 2020 | News to Know

BY RYAN SPENCER The coronavirus has threatened businesses all over the world, and now it could force dramatic increases in insurance premiums for fully-insured companies. One analysis predicts that rates could jump by up to 40% in 2021 if the coronavirus continues to infect Americans. In the face of such enormous rate hikes, the responsibility…
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Making Benefits Changes in the Face of Uncertainty

Posted on July 7, 2020 | News to Know

BY BEN CONNER Health care benefits are ever-evolving. Policies change. Regulations shift. Whether it’s the Affordable Care Act or a global pandemic, making informed decisions around employee benefits can feel impossible. As we brace for an uncertain future, many business leaders feel tempted to stick with the status quo inside their benefits plan. Although their…
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Health care spending hit record lows in April

Posted on June 28, 2020 | News to Know

BY BENEFITS PRO In the initial stages of the COVID-19 pandemic, as businesses closed and states put stay-at-home orders in place for all but essential outings, the health care industry took a hit. More specifically, during the month of April, Americans spent 24.3% less on health care compared to April 2019–the least the country has…
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Supreme Court Rules Sexual Orientation and Gender Identity Discrimination Violates Title VII

Posted on June 28, 2020 | News to Know

BY CONNER INSURANCE In a highly anticipated decision issued on June 15, 2020, the U.S. Supreme Court has ruled that Title VII of the federal Civil Rights Act (Title VII) protects individuals against employment discrimination based on their sexual orientation or gender identity.  Title VII prohibits employers with 15 or more employees from discriminating against…
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PCORI Fee Amount Adjusted for 2020

Posted on June 28, 2020 | News to Know

BY CONNER INSURANCE The Affordable Care Act (ACA) imposes a fee on health insurance issuers and self-insured plan sponsors in order to fund comparative effectiveness research. These fees are widely known as Patient-Centered Outcomes Research Institute (PCORI) fees, and were originally scheduled to expire for plan or policy years ending on or after Oct. 1,…
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HSA/HDHP Limits Increase for 2021

Posted on June 28, 2020 | News to Know

BY CONNER INSURANCE On May 20, 2020, the IRS released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021. The IRS is required to publish these limits by June 1 of each year.   These limits include:  The maximum HSA contribution limit; The minimum…
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2021 health insurance premiums: What to expect

Posted on June 28, 2020 | News to Know

BY BENEFITS PRO When it comes to premium rate setting, it’s a brave new (pandemic) world. Each year, the American Academy of Actuaries Individual and Small Group Markets Committee puts out a brief outlining the major factors driving premium changes for the next plan year. But the calculus is tricky this year. On one hand, COVID-19 is…
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Benefits changes take a backseat to reopening plans among employers

Posted on June 28, 2020 | News to Know

BY BENEFITS PRO This year is not shaping up quite the way anyone expected. As such, the IRS in May issued a rare guidance giving employers the option to allow their employees to make changes to their health insurance and benefits enrollment. The guidance was not mandatory, and employers could opt to leave their benefits plan for the…
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Conner Insurance Account Manager Recognized as Top Woman in Advising by Employee Benefit Adviser

Posted on June 25, 2020 | Press Release

INDIANAPOLIS – Ricki Hancart, Account Manager with Conner Insurance, has been named one of Employee Benefit Adviser’s Top Women in Benefit Advising for 2020. Employee Benefit Adviser, a leading resource and publication for companies and professionals within the industry, made their selection after a months-long process. Driven by peer nominations, consideration was given to those…
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Virtual Conner Chat Preview: Communication Strategies in a New World: Employee Engagement when Business is (Not So) Usual

Posted on June 18, 2020 | News to Know

BY BEN CONNER Register For Our June 23 Conner Chat In our upcoming Conner Chat, we’re highlighting a critical part of every business’s operations and culture: communication. Proper communication demands understanding, and we have seen many business leaders shy away from health care program improvements because they struggled to develop clear messaging around the potential…
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The Ultimate Health Benefits RFP: The Most Important Questions to Ask [With A Downloadable Template]

Posted on May 27, 2020 | News to Know

BY BEN CONNER In your search for a health benefits broker/consultant who can deliver high-quality results without the excessive annual rate increases, the first step is truly getting to know the advisor and determining whether the partnership is beneficial to both parties. A well-written Request for Proposal (RFP) is an important step in separating traditional…
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