Kaiser Family Foundation Poll Reveals Most-Liked PPACA (Health Care Reform) Provisions...

01/04/2012

 
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According to a recent poll conducted by the Kaiser Family Foundation, the foundation asked people to reveal their most liked and disliked PPACA provisions.   

The runaway winner for most favored? The requirement that health plans provide consumers with a short, easy to understand description of benefits and coverage — favored by some 60% of people polled. It was the only provision in the entire law to be rated favorably by more than half of respondents.

The rest of the top 10 most liked provisions are:
2. Guaranteed issue. (47%)
3. Gradually close Medicare “donut hole.” (46%)
4. Tax credits to small businesses. (45%)
5. Subsidy assistance to individuals. (44%)
6. Health plan decision appeals. (37%)
7. Employer mandate/penalty for large employers. (35%)
8. Medicaid expansion. (34%)
9. Medical loss ratio. (34%)
10. No cost-sharing for preventive services. (33%)       

Source:     Employee Benefits Adviser

Questions on Your Benefits Plan?  Contact us for a free evaluation : (800) 846-5902
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Big Money Savings Tip for Business Owners with Jan 1 Health Plan Renewals

10/20/2011

 
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Big Money Savings Tip for Business Owners with Jan 1 Health Plan Renewals

It is that time of year again.  Open Enrollment, ughh.

A large part of a businesses budget goes toward their Medical Insurance plan.  Yet, many companies do not review the plan each year. It is complicated, employees want different things, employees get confused, and it is hard to explain the plan the changes. 

Why do we change plans?  Not because it's fun or to lower cost.  It is because health care and insurance costs go up every year.  A business must change plans just to keep the cost stable for the company and the employees. 

Health insurance companies DO NOT REWARD LOYALTY!  Carriers will increase costs on existing plans, meanwhile new plans are available that are not offered to current clients.  That is why it is important to review options from other carriers with your broker every year.  In most cases, a similar plan is available at a lower monthly premium.

BIG MONEY SAVING TIP:
We are expecting a premium increase in January.  If your health plan is renewing in January or February, have a broker shop for plan options BEFORE  November 15; you may be able to get the new plan started on Dec 1, and avoid that premium increase for the next 11 months.  This could save THOUSANDS of dollars. 

In most cases, a company can offer both HMO and PPO plans, contribute a fixed cost, and allow employees to decide whether they want to upgrade at their own cost.

At GVIS Insurance and Benefits, we help simplify the process through an easy benefits interview, plan options from top carriers with added benefits, explanation to employees and on-site enrollment. 

We bring large corporate benefits to small business™


CONTACT US:  (800) 846-5902
Email: george@gvis.biz

 

Wellness Wednesdays start in November

11/01/2010

 
It Is Open Enrollment time again.  Is your Health plan rate increasing? Want more benefits (health, vision, dental, chiro, massage, discounts)? Looking for good medical coverage options with a lower cost? 

We are helping local businesses with 45 employees or less, starting in November with Free Health Plan review, tax credit information and additional employee benefits, at no-cost to the company.  Contact me to schedule a free appointment.  Appointments available every Wednesday starting in November.

  Our clients include:
   Any Family owned business
   Business with  up to 45 employees
   Finance/HR Managers or Consultants – Cost Reduction Strategies available.