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Stay up to date on the latest News on our industry.
NY Paid Family Rate & Benefit 2023
The New York Department of Financial Services has released the 2023 PFL benefit and rates. The Statewide Average Annual Wage cap increases to $87,785.88 ($1688.19 per week).
NYS 2023 Final Rates Approved
Breaking: #NYS 2023 Final Rates Approved!
Small group rates increase 7.9% & 9.7% for individuals. Almost 850,000 New Yorkers are enrolled in small group plans, which cover employers with up to 100 employees.
#oxford notably, got only a 6% rate increase approved for next year.
Premium main drivers are increases in pricing by hospitals, consolidated IPA groups, and pharmaceuticals. Plus a spike in elective surgeries postponed due to COVID-19.
Learn about a PEO before you renew. Let’s review today (855)667-4621 or info@medicalsolutionscorp.com.
Inflation Reduction Act to be Signed into Law, Includes Multiple Medicare Drug Pricing Reforms
On Aug. 12, the Inflation Reduction Act of 2022 (IRA) passed the U.S. House by a vote of 220-207, and President Biden is expected to sign it into law today. First passed by the U.S. Senate on Aug. 7, the $740 billion budget reconciliation package includes policies on Medicare drug pricing, Affordable Care Act (ACA) subsidies, energy, climate, and taxes. This update provides high-level details on the notable health care-related provisions in the IRA.
CareMount Medical Now on Empire Blue Access and Connection Networks
Effective Sept 1, 2022 CareMount will now be part of Empire’s Blue Access and Connection Networks for all Large Group and Small Group members. This will mean greater access to more affordable care throughout Westchester and surrounding markets.
2023 NY Small Group Carrier Rate Filings
Last month NYS received the rate filing requests below as per annual Dept of Financial Services requirements. Your insurer has mailed notices about their rate filings (requested rates) to impacted New York small business certificates and policyholders with renewal dates in 2023.
Employer Sponsored Health Plans Generate 47% ROI
For every dollar employers spent on health insurance-related costs, they get back $1.47 according to a new study. This figure in fact is expected to grow to 52% by 2026 from 47%. Employee productivity reflects the reductions in absenteeism and presenteeism after receiving employer-sponsored coverage. These productivity increases contributed an estimated $275.6 billion in employer benefits in 2022, or 53.3 percent of all benefits. By 2026, this is expected to rise to $346.6 billion or 55.9 percent of total ROI.
Practice Self-care
Maintaining your mental health is an essential component of overall good health. Practicing self-care is an excellent 1st step. Here are a few tips.
When to Choose Urgent Care
Should the cut on your hand or the chest pain send you to the ER or an urgent care center? It’s difficult to be sure. Urgent care centers provide fast, noncritical health care on a walk-in basis. A visit is generally around the same price or slightly more than a clinic visit but far cheaper than a trip to the emergency room.
But how do you know when you may need urgent care or when to choose another treatment option?
Healthfirst Plan Discontinuance
Select Healthfirst Gold EPO plans will no longer be offered.
Oxford Liberty National Network Changes
Starting with September 1, 2022 plan effective dates, Oxford members of a Liberty Network plan will have the UnitedHealthcare Core Network for out-of-area coverage. They will no longer use the UnitedHealthcare Choice Plus Network for national network access. This change applies to all Oxford Liberty members.
Webinar: How HDHPCan Set Employees Up for Financial Success
A common fear among employees can be that High Deductible Health Plans (HDHPs) expose them to too much risk. However, this misconception misses the near-certain long-term losses that come with not choosing a HDHP that includes an HSA. What employees are often missing is a full knowledge of the long-term financial impacts and risks associated with enrolling in an HDHP paired with HSA savings strategy, compared to a more traditional, low deductible PPO option. Employer contributions to HSAs can also set employees up for financial success and retirement readiness.
HSA 2023 Dollar Limits
The IRS has released the 2023 Health Savings Account (HSA) inflation adjustments. To be eligible to make HSA contributions, an individual must be covered under a high deductible health plan (HDHP) and meet certain other eligibility requirements. New HSA 2023 limits...
Best Hospitals – Newsweek 2022
Best Hospitals – Newsweek 2022. Where did your hospital rank? Not sure which area hospital is the best? The study is only a helpful tool. For the best options contact us at info@medicalsolutionsforp.com or 855-667-4621.
Free Telehealth Restored Under HSA Until 2023
Effective April 1, 2022, Free Telehealth Restored Under HSA Until 2023.CARES Act offered temporary relief related to telehealth offered HSA. Does your HSA charge a copay for telehealth?
4 Strategies for Reducing Health Benefits Costs in 2022
4 Strategies for Reducing Health Benefits Costs in 2022.Alternative Plan Modeling. Rx Policy Revisions.Telehealth.Call 855-667-4621.
Health Insurers Cover Home COVID-19 Tests
Starting Jan 15 at-home CIOVID-19 tests will be free of charge.How Will this work with your Insurer? Types of COVID Tests? Call (855)667-4621
Winter Action Plan to Battle COVID-19
The Biden administration issued a nine-pronged plan to combat COVID-19 as the winter months approach and the new Omicron variant poses risk of new infections. Click below to learn about the aspects of the plan that will affect employers and group health plans.
5 Tips to Staying Healthy During Flu Season
You can get ahead of cold and flu season by embracing a few habits that can help support a healthy immune system. Bookmark medicalsolutionscorp.com
OSHA Issued COVID-19 Vaccination and Testing Emergency Temporary Standard (ETS)
Biden Administration Announces Details of 2 Major Vaccine Policies. Covered Employers 100+ details and rules for healthcare works.Call 855-667-4621
Montefiore and Oxford Reach Agreement
Good news Bronx/Westchester. Oxford and Montefiore Health System announced moments ago that they have reached an agreement effective December 1, 2021 for UnitedHealthcare and Oxford employer-sponsored plans, as well as UnitedHealthcare’s Medicare Dual Special Needs Plan.
Medicare 2022 Open Enrollment
Medicare 2022 Open Enrollment. Plan F was replaced by Plan G. What can you do? Call 855-667-4621 or info@medicalsolutionscorp.com
Must Know Cyber Stats For 2021
Cybersecurity Awareness Month is intended to raise employee awareness. Take a company audit ASAP. Tech preparedness at 855-667-4621.
FEDERAL JAN 1st SMALL GROUP ANNUAL OPEN ENROLLMENT WAIVER
A little-known requirement but most important under the Affordable Care Act (ACA) is for Health Insurers must waive their minimum employer-contribution and employee-participation rules once a year. ACA requires a one-month Special Open Enrollment Window for January 1st coverage. FEDERAL JAN 1st SMALL GROUP ANNUAL OPEN ENROLLMENT WAIVER. For more help w/Special Open Enrollment Window info@medicalsolutionscorp.com or (855)667-4621
2022 Open Enrollment Checklist
2022 Open Enrollment Tools. A handy checklist Employers s for the upcoming 2022 renewals. PLAN DESIGN CHANGES, ACA EMPLOYER MANDATE 855-667-4621.
NYS 2022 Final Rates Approved
NYS 2022 Final Rates Approved! Small group rates increase 7.6% & 3.7% for individuals. Find out about a PEO before you renew, (855)667-4621.
Employee Retention Tax Credits
You may be eligible for the Employee Retention Tax Credit (really!) The #ERTC may seem complex if you’re using a PEO but it’s simplified and a hidden goldmine. #payroll #cashflowmanagement #bookkeeping #finance
≈ under CARES ACT have been available for #SMB yet there has been confusion. Learn and call (855)667-4621. #caresact #payroll
Preparing for a Telehealth Visit
Amid the COVID-19 pandemic, telehealth (or telemedicine)—healthcare via phone, email, video, and other technologies—is moving from a trend to the mainstream. Virtual doctor’s appointments are nothing new, but they’re certainly becoming more popular. Have you reaped...
Update: Oxford/United and Montefiore Health Systems Still Split
UHC/Oxford and Montefiore Health Systems Out-of-Network. Learn how your employees can keep their doctors. Call 855-667-4621.
HSA 2022 Dollar Limits
HSA 2022 Limits. To be eligible to make HSA contributions, an individual must be covered under a high deductible health plan. Find out more 855-667-4621.
Economic Analysis: The PEO Industry Footprint in 2021
Key PEO Data 2021 Study.Nearly 4 Million Work Site Employees serving 173,000 PEO clients. 16% of 10-99 employees on PEO. Call (855)667-4621.
PPE Expenses May Be Reimbursable Under HSA
PPE Expenses May Be Reimbursable Under Health Spending Accounts - Video During the COVID-19 pandemic, you may have purchased masks or PPE for the purpose of preventing the spread of the COVID-19. Now, according to a recent announcement from the IRS, those purchases...
New COBRA Guidance and Subsidies Released By DOL
(DOL) released various documents pertaining to the COBRA premium assistance provisions contained in the American Rescue Plan Act (ARPA). As OCA continues to review this new information, we want to provide our clients with the latest ARPA/COBRA updates.
Get Covered NJ and American Rescue Plan Act
COVID-19 Update: NJ Individual Extension of SEP and ARP Relief. Enroll effective April 1 Financial help for unemployed.APTC expanded
American Rescue Plan Act
The American Rescue Plan Act (ARPA) was signed March 11, 2021 effective April 1, 2021.Learn about new COBRA subsidies or call (855)667-4621.
Top 7 Health Trends for 2021
Top 7 Health Trends for 2021. Telemedicine, Virtual Gym, Genomic, Data and AI, Mindful Living, Thoughtful cooking and eating. Contact us for a competitive edge at 855-667-4621.