Articles

2 weeks 5 days ago

With the calendar new year soon beginning, employers have to address annual compliance responsibilities regarding their health plans.  Missing a deadline, overlooking a compliance item, or miscalculating an item can result in significant non-compliance penalties. The following article provides valuable information regarding what employers need to know as the close out 2019 and begin 2020

Apex Management Group wishes you a prosperous New Year!

2 weeks 6 days ago

The following is an interesting article regarding Federal Government Transparency Rules for Hospitals and Group Health Plans.

The Final Rule for Hospitals will be effective January 1, 2021.  The Proposed Rule to bring greater transparency across the health care industry was issued by the Department of Health and Human Services, Labor and Treasury on November 15, 2019.

1 month 2 weeks ago

The United States has a strong economy and the Restaurant Industry needs si constantly competing to retain and attract good employees.  Offering employees an affordable and thorough benefits package is far wiser decision than absorbing the time, effort, and money needed to replace them, especially ones with experience.  Health care coverage is a key benefit needed for employee retention and Apex Management Group products can help make it affordable.

2 months ago

The Individual Health Care mandate at the Federal level was eliminated in January 2019.  However, many States have implemented their own mandates and penalties at both the employer and Employee level.  The following article focuses on how certain States are implementing their own rules and penalties for failing to comply with the ACA’s Employer Mandate.

2 months 4 weeks ago

Starting in 2020, a new California individual health insurance mandate will require state residents to maintain Minimum Essential Coverage (MEC) - or pay a tax penalty. 

3 months ago

While the individual mandate penalty is no longer applies at the federal level, California lawmakers have chosen to enact legislation to restore the individual mandate penalty in 2020. In order to avoid the tax penalty in California, you must have the minimum essential coverage.  Apex products are a great solution for meeting minimum essential coverage and more.

3 months 2 weeks ago

This Wall Street Journal Article from September 25th, 2019 validates our observations that Health Care coverage continues to climb higher.  The total cost of employer-provided health coverage passed $20,000 for a family plan in 2019.  Premiums rose 5% to hit $20,576 for a family plan.

Read On:  https://www.wsj.com/articles/cost-of-employer-provided-health-coverage-passes-20-000-a-year-11569429000?mod=djemalertNEWS

3 months 2 weeks ago

Beginning January 1, 2020, businesses of all sizes will have a new health benefits option: the individual coverage health reimbursement arrangement (ICHRA). With an ICHRA, businesses, nonprofits, churches, and other groups can reimburse employees tax-free for individual health insurance premiums and other medical expenses. 

3 months 2 weeks ago

Beginning January 1, 2020, businesses of all sizes will have a new health benefits option: the individual coverage health reimbursement arrangement (ICHRA).With an ICHRA, businesses, nonprofits, churches, and other groups can reimburse employees tax-free for individual health insurance premiums and other medical expenses. 

3 months 2 weeks ago

This article published by MERCER (July 2019) – points out that California’s recently passed individual health insurance mandate (SB 78) requires minimum essential coverage (MEC) for state residents starting in January 1, 2020, or pay a state tax penalty. 

3 months 4 weeks ago

This article points out the enormous growth in health care costs paid by both employees and employers over the past decade.  This has created a platform for some of today's biggest political debates as well as teeing up more problems for the future.  There are some signs that employers have maxed out their ability to shift costs to employees.

 https://www.axios.com/employers-health-care-costs-premiums-deductibles-9e074deb-467e-4e81-b0c3-97259324bfe6.html

4 months 1 week ago

A September 2019 Forbes Article by Bruce Japsen points out - "In 2017, 53% of doctors who responded to a mailed survey agreed that the ACA, “if fully implemented, would turn United States health care in the right direction,” according to the analysis. That compares with just 42% in 2012 so there was an 11 percentage point swing in opinion over five years."

5 months 3 weeks ago

Telemedicine apps are thriving because working moms love the convenience of their smart smartphones.  The following article was published on CNBC.com (Jun 30, 2019).  Apex Management Group agrees with the benefits, convenience, and cost efficiency that telemedicine can bring to a health care plan.  

READ MORE: MOM'S AND TELEMEDICINE

5 months 3 weeks ago

The following article outlines the problems and frustrations many middle class employees have with the current state of health insurance in the United States.  (“Rising health insurance deductibles fuel middle-class anger and resentmentby Noman N.

6 months ago

Apex Management Group plans provide cost effective access to urgent care facilities throughout the country.  The following article “Creating an urgent care first mindset for employee benefit” (Employee Benefit Advisor – July 8, 2019) addresses the quick access to health care and convenience provided by utilizing urgent care facilities.  Urgent Care can also help to minimize emergency room claims.   Apex plans save money by offering robust access to the services provided through urgent care.