Businesses around the world have been severely impacted due to the coronavirus pandemic. In response, health insurance carriers have stepped up in an effort to lessen the blow of the impact. In addition to businesses being forced to downsize their employee population, adjust work schedules, and account for lost revenue, maintaining …
The proactive response made to help flatten the COVID-19 curve and preserve personal protective equipment (PPE) has impacted the healthcare economy in profound ways, especially to the dental industry. On March 16, 2020, the American Dental Association (ADA) issued guidance stating that dental practices need to postpone elective procedures and …
Over the last several months, the rise of COVID-19 has presented an excessive amount of challenges to individuals, businesses, institutions and across national and global healthcare systems. In efforts to restore imbalances in the healthcare industry, UnitedHealth Group, along with many other insurance carriers, have rose to the occasion. UnitedHealth …
In efforts to ease consumers’ concerns about healthcare costs in light of the COVID-19 crisis, at least nine states have reopened their health insurance exchanges for uninsured residents to enroll in coverage. The response stems from the necessity for uninsured patients to be able to receive the medical care they …
Health insurance companies are taking action to ensure members have coverage for and access to needed testing as the new coronavirus strain, COVID-19, continues to spread across the United States. Carriers such as Aetna, Independence Blue Cross, Highmark, and Cigna are actively monitoring the spread of the virus; and diligently …
On December 18, 2019, it was released that New York Life Insurance Co. agreed to pay $6.3 billion for a Cigna Corp. unit that sells non-medical insurance products to employers. New York Life Insurance Co. is one of the nation’s oldest and financially strongest life insurers. As low interest rates …
As healthcare costs continue to rise, solutions to combat these costs are becoming more and more essential. Direct Primary Care (DPC) is rising to the surface to do just that. What is DPC and how does it work? DPC is an innovative alternative payment model to traditional primary care. It …
Beginning in 2020, a new California law requires employers that sponsor flexible spending accounts (FSAs) to notify employees of any deadline to withdraw FSA funds before the end of the plan year. This requirement applies to the following types of flexible spending accounts (FSAs), but is not limited to, dependent …
The Affordable Care Act (ACA) imposes an annual, non-deductible fee on the health insurance sector, allocated across the industry according to market share. The applicable amount in the past for each fee year was: $8 billion for calendar year 2014; $11.3 billion for calendar years 2015 and 2016; $13.9 billion …
On Monday, June 24, 2019, President Donald Trump signed an executive order designed to increase pricing and quality transparency in healthcare. The president’s executive order is the latest move that the Trump administration has taken to address rising healthcare costs. In May 2019, the Department of Health and Human Services …
We are pleased to announce the successful launch of Creative Benefits’ new website! In alignment with our ongoing commitment to invest in our brand and technology, we decided to refresh our website to reflect how we’ve evolved over the last 35 years. We would like to take this opportunity to highlight …
Working in the benefits world, we understand the sense of pride employers feel in being able to offer a strong benefits program to their employees. With benefit premiums constantly climbing and budgets tight, many scramble to find benefits that add value but don’t break the bank. For some employers, Commuter …
