Your healthcare and business costs are determined by the health of your employee population and how they manage their well-being. Using data to manage your cost and create benefit packages that energize and engage employees can help you stay ahead of your competition. We harness the power of our broad and deep intellectual capital to transform your raw data into practical, useful information. We use your business history, our client experiences, and insights gleaned from national trends to support your decision making.
Using a robust clinical data analytic tool, along with the help of skilled health management consultants, you can pinpoint drivers behind your healthcare costs. Our team looks for risks associated with your employee population, the role chronic conditions may play in your employees’ health, gaps in care, use of healthcare services across the continuum and other indicators to guide benefit decision making.
Our on-staff actuary takes things one step further by identifying not just cost advantages but also behavioral changes that take place whenever you alter your plan design. We compare trends in cost, utilization and population health to help you create a healthier, more productive workforce. Employee surveys are also considered to provide insights to help shape programs and your benefit packages.
Understanding your claims experience and what matters most to your employees empowers you to manage costs, improve the health of your employees while increasing productivity and engagement.
The IRS recently released final 2020 Forms 1094-C and 1095-C and applicable instructions ahead of Affordable Care Act (ACA) reporting for 2020. As a reminder, applicable large employers (“ALEs”) must furnish Form 1095-C to full-time employees and file Form 1094-C and all 1095-Cs with the IRS. ALEs offering a self-insured group health plan must also furnish Forms 1095-C to covered employees or other primary insured individuals in the self-funded health plan (e.g., COBRA qualified beneficiaries). Additionally, due to the COVID-19 pandemic and challenges to business operations, ALEs may have variations to their reporting for 2020 due to furloughs and/or layoffs.
No one understands better than the person who administers benefits about the difficulty of open enrollment season. It was hard enough ambushing employees in the workplace to remind them that they need to submit their packets. Let’s not even talk about the headache of creating multiple schedules so that employees can take physical breaks from work and listen to benefits presentations. Now, administrators must figure out the best way to get the packet to the eligible employees in the first place.
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