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“Our Take” is Corporate Synergies commentary on employee benefits and insurance topics that are in the news. Since CVS announced its plans to buy insurancecarrier Aetna in December 2017, many experts, including ours , speculated how the acquisition and other similar ones would change healthcare. RELATED TOPICS.
Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. Insurance will often cover routine appointments and tests, such as blood tests, basic genetic screenings, ultrasounds, a glucose test and stress test. After a baby is born, they’re not automatically added to health insurance.
The appellate court agreed with the petitioning workers’ compensation insurancecarrier that that the Red Book values did not reflect AWP as required by the Act. (Bureau of Workers’ Comp. Hearing Off.*), 2024 Pa. LEXIS 1 (Jan. Workers’ Compensation Appeal Board (Derry Area School District)*, 639 Pa. 645, 161 A.3d
Between 2008 and 2017, the number of worksite employees employed in the PEO industry grew at a compounded annual rate of 8.3%, from about 1.8 From 2008 to 2017, the number of worksite employees employed by PEOs grew at an annual rate of 8.3%. Managing insurancecarrier relationships. million to 3.7 Notable PEO Statistics.
We’ve been a PEO since 1991, and an IRS Certified PEO since 2017. (We PEOs select and manage the third-party partners that best fit the collective group of clients served (insurancecarriers, for example). A PEO is an extension of your business and engages with your management team to address complex employee-related matters.
Here’s why… Insurance industry consolidation is occurring at an unprecedented rate. Merger and acquisition activity in the brokerage and consulting space was at a feverish pitch in 2017 and through the first part of 2018, fueled in large part by the private equity industry’s continued love affair with the insurance distribution sector.
When it comes to commercial vehicle insurance, it’s a rocky road. Many companies felt the shock of rising insurance rates in 2015, 2016 and 2017. Insurancecarriers look at their profit margins each year and must maintain required ratios so that future claims can be paid and the company can remain profitable.
1 In fact, from 2014 through June of 2017, the number of urgent care centers rose by nearly 20%. From 2009 to 2016 (the most recent data available), the average amount that hospitals billed insurancecarriers for an emergency room visit more than doubled, from $600 to $1,322. over the last decade.
While employers (for self-insured plans and multi-employer plans) or insurancecarriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. It is recommended that notices are not updated until the model notices are issued.
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