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Medical Loss Ratio Rebates: What They Are & How They Should …
WEBIncluded in the Affordable Care Act (ACA) were new rules that required health insurance companies to disclose certain financial data. This includes the portion of medical plan premiums spent on paying claims and quality improvement initiatives and the portion that was spent on administration, marketing, and insurance company profit. …
Actived: Just Now
URL: https://www.epicbrokers.com/insights/medical-loss-ratio-rebates-what-they-are-how-handled/
High Performance Health Plans
WEBA High Performance Health Plan (HPHP) is built using an alternative funding methodology, and utilizes transparent advisory, third party administration, PBM, and stop loss contracts. All areas of the HPHP supply chain incorporate best-in-class service partners delivering: Improved financial performance (savings of 20-40%) Enhanced benefits
Self-Funded Employers May Need to Pay Washington State’s …
WEBThe state of Washington has passed legislation requiring health insurance carriers and employers that sponsor self-funded health plans to pay a quarterly assessment to support a state program. The program is called the “State of Washington Partnership Access Lines (WAPAL) Funding Program” or “WAPAL Fund” and assists medical …
IRS Releases 2023 HSA & HDHP Limits
WEBThe annual contribution limit for an individual with family HDHP coverage will increase by $450 to $7,750 for 2023. The minimum required deductible amounts are increasing for HSA-compatible HDHPs, from $1,400 (self-only coverage) and $2,800 (family coverage) in 2022 to $1,500 (self-only coverage) and $3,000 (family coverage) in 2023.
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