President Trump signed an executive order on June 24, 2019 directing federal agencies to increase healthcare price and quality transparency. The order directs the of Departments of Labor, Treasury and Health and Human Services to issue guidance and propose regulations that would disclose negotiated rates, cost-of-care and de-identified federal healthcare data, and to expand the availability of Health Savings Accounts.   The order includes the following five main pr... Read more
COMPANY OVERVIEW Business Benefits, Inc. was founded in 1984 to provide superior group insurance and employee benefit services to employers.  No matter what the employer’s industry or size, we help design, build, and implement a customized benefit program that fits the specific needs of their organization.  As the employer grows and changes, we continually modify the plan and strategy so that it continues to meet their needs and provides value to their e... Read more
The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees are to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019.  All non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.  If the plan is fully insured, the carrier is responsible for paying the fee. If the pla... Read more
CMS will once again allow small employers and individual health plans an extension of transitional (grand-mothered) coverage. Read more
The Center for Medicare and Medicaid Services (CMS) has released rules requiring hospitals to post standard charges online. Previous law required that hospitals make a list of standard charges uniform and public. The guidelines have been updated, effective January 1, 2019, to specify that hospitals are required to list these charges via the Internet in a machine readable format. Additionally, hospitals must update the list at least once annually and more often if necessa... Read more