Employers and employees facing rising healthcare costs nationwide isn’t new. The days when a low deductible health plan was the only option available to employees — and the only one needed — have seemingly come and gone.
Read MoreNumerous software systems are available for employers and employees for day-to-day HR functions. These software systems allow companies and their employees to track time, manage payroll and tax information, enroll in benefit programs, analyze performance, and more.
Read MoreIn addition to understanding how your performance affects the overall experience people have with you as a TPA, another TPA best practice focuses on understanding the HR software that employer groups and plan participants use to manage information.
Read MoreAs a TPA, You’re Responsible to More Than Your Brokers and Employers You’re responsible to their participants. The employees and policyholders that are relying on you to assist them with enrollment and claims reimbursement/substantiation — whether
Read MoreBest Practice #1: Understand Your Groups, Their Participants, and the Needs of Both First things first: Relationships matter. This standard applies to third party administrators just as much as any other organization in any other
Read MoreThe end of 2017 might seem like months ago, granted it was, and third party administrators may have forgotten the stress and chaos that comes at the end of the year. As employers, employees, and
Read MoreHealth insurance coverage is not only a hot topic for employees, it is also a significant part of an employer’s annual budget. With health insurance rates rising each year, it is imperative for employers to
Read MoreHealthcare administration costs have been a hot topic recently. Hospitals and physicians are attempting to cut costs on administration, which can contribute up to 25% of total healthcare costs. One of the major reasons healthcare
Read MoreIn today’s changing health care industry, hospitals and physicians are constantly looking for ways to reduce their costs and increase profits. With hospital administrative costs now exceeding 25 percent of their expenses, healthcare providers are
Read MoreHealth Insurance Administration is an essential part of the claims and filing process. This extremely complex process, coupled with the numbers of payers in the system leads to increased costs for service providers and insurance
Read MoreThis is a common question that many Americans are asking themselves these days. According to the Bureau of Labor Statistics, care prices rose 4 percent in 2016 and the increasing prices appear to keep rising.
Read MoreAs we approach Summer 2017, you may think it is too early to begin thinking about your health insurance coverage for 2018. However, we believe now is the best time to start weighing your options.
Read MoreDebit card substantiation is the process of verifying that purchases made using a debit card for flexible spending accounts (FSA) or health reimbursement arrangements (HRA) were for an eligible medical expense. These purchases must be
Read MoreFor years, one of the biggest challenges for small employers with HRAs (Health Reimbursement Arrangements) and FSAs (Flexible Spending Accounts) was that employees were required to submit receipts and EOBs (Explanation of Benefits) for every
Read MoreHealth Reimbursement Arrangements or HRA’s allow employers to fund accounts for employees to assist in paying for medical expenses not covered by insurance. In contrast to HSA and FSA accounts, only employers may contribute to
Read MoreYou’ve opened a FSA, HSA or HRA account with your employer and have been issued a debit card to use for eligible health care expenses, but how exactly does this card work and when can
Read MoreFlexible Spending Accounts (FSAs) are pre-tax health accounts where a predetermined amount of money is deposited directly into the account by the employee. An employer can also choose to contribute to the FSA account, but
Read MoreJust a few weeks into his presidency, President Donald Trump plans to expand the use of Health Savings Accounts (HSAs), allow the sale of health insurance across state lines, require price transparency from all healthcare
Read MoreEarlier this month, Congress passed the 21st Century Cures Act and last week it was signed by President Obama. The Cures Act tackles mainstream issues such as mental health, the opioid crisis, FDA bureaucracy, and
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