Health Insurance Tax Credits Explained
A Basic Explanation An advanced premium tax credit — or simply premium tax credit — is designed to make it easier for you to afford health insurance. If you qualify,
Setting Up Defined Contribution Class Structures
Employers who sponsor self-funded group health plans (as well as fully-insured employers who want to proactively comply with non-discrimination requirements) and are moving from defined benefit (DB) to defined contribution (DC) funding arrangements need to decide and define how they allocate funds for employees to use. DC funding arrangements allow an employer to completely define their maximum annual spend for health benefits prior to open enrollment.
What You Need to Know When Moving to a Full Defined Contribution Funding Arrangement
We occasionally get questions from brokers and employers about how they should setup their defined contribution funding arrangements. In a future post we'll share some of the general guidance that brokers can share with their clients. However, in this post we'll take a more technical approach, looking first at the regulations that apply to employers moving to a full defined contribution funding arrangement.
The Private Exchange as a Front Door
One of the recurring themes at the Consumer-Driven Healthcare and the Private Marketplace Conference in Scottsdale, AZ last week was the idea that a private exchange should be thought of as a “front door” to the healthcare system, rather than a finite destination. What does that really mean?
Caregiving Services Explained
A Basic Explanation For the 52 million Americans who care for a spouse, child, or parent, health insurance can help pay the medical bills and provide some day-to-day support. Though
Cost-Sharing Reductions Explained
A Basic Explanation If you qualify, the Affordable Care Act (ACA) can help you afford insurance by paying part of your healthcare costs.With a cost-sharing reduction, the government will help
Coinsurance Explained
A Basic Explanation Coinsurance (or co-insurance) simply refers to the percentage you pay when you and your insurer split the cost of some types of healthcare services -- for example,
Medical Tests Explained
A Basic Explanation If you go to your doctor because your stomach has been hurting for a while, it’s unlikely he’ll just guess at what’s ailing you. After a physical
Connecting the Dots: How to Avoid Communication Breakdowns Once Your Exchange is up and Running
The key to making a private exchange work on an ongoing basis after launch is communication. While this statement may seem obvious, in my experience in an account management role with Array's clients, I have found the need to continuously reiterate the importance of communication.
Will the Federal 834 Enrollment Format Become a New Standard?
We at Array Health are deeply interested in file standardization. While we've got a lot of experience interfacing with our clients using their proprietary file formats, standardization across the industry makes life easier for everyone. If health insurance had its own version of pain remediation, it might just be file standardization.