Today the Supreme Court upheld subsidies for states who had not yet administered a state exchange in the King v. Burwell case. This not only means that over 6 millions Americans will be able to keep their affordable coverage, but it ensures that millions more will continue to have access. It’s truly a landmark decision […]
In Fall 2014, a regional broker approached Benefitter with a critical client situation. An industrial services company with operations in the Eastern US faced a major rate increase, and with narrowing margins, they were running out of options. Benefitter, with the help of our proprietary analytics platform identified over $400,000 in potential savings and developed […]
“The shift of employees to public exchanges from employer sponsored health insurance is accelerating as some businesses begin to cancel their health plans to give employees extra compensation in lieu of health benefits and provide them with assistance purchasing health benefits on the public exchange. If a business has a large percentage of employees who earn well […]
According to our recent broker survey of over 1,000 brokers, there is strong evidence of employers dropping health insurance across the country. We were able to cut our data into a state-by-state breakdown showing where brokers believe they are losing the most business to the individual market. Percent of business lost in last year to […]
Benefitter was recently mentioned in Forbes’ article, “Cancelling Employer Health Insurance Can Be A Kindness”. Check out the excerpt below: “The shift of employees to public exchanges from employer sponsored health insurance (“ESHI”) is accelerating. Businesses are beginning to cancel their health plans, give employees extra compensation in lieu of health benefits (in many cases), and […]
This week Walmart announced that it will no longer offer insurance to 30,000 part-time employees. Last year major employers such as Target and Trader Joe’s did the same, but with the nation’s largest employer jumping into the mix, the political debate over the Affordable Care Act is heating up. While left-leaning outlets are using this […]
This is the way ESI ends… not with a bang, but a whimper. Recently, healthcare experts including Zeke Emanuel, Jon Gruber, and Capital IQ have forecasted the end of employer sponsored insurance (ESI). Although all believe ESI will ultimately fade away, they disagree on the exact timing. The chart below shows the forecasts of all […]
This week the New York Times published an article with a very compelling headline – “I.R.S. Bars Employers From Dumping Workers Into Health Exchanges”. Unfortunately, this isn’t the full story, but it was enough to create some drama. As the exchanges have started to settle in and the debate over the future of ACA starts […]
Bloomberg News Target Corp. (TGT) will end health insurance for part-time employees in April, joining Trader Joe’s Co., Home Depot Inc. and other U.S. retailers that have scaled back benefits in response to changes from Obamacare. About 10 percent of part-time employees, defined as those working fewer than 30 hours a week, use Target’s health […]
Recent developments regarding the Patient Protection and Affordable Care Act have led to some surprising and probably unintended consequences for workers with dependents and their employers. Legislators clarified that workers with families whose employers offer qualified healthcare coverage will not be eligible for government assistance or premium tax credits on the public healthcare exchange in […]