Will your 2014 Ohio Alternative Group proposed quote deliver the discounts and/or refunds as promised? Especially with the new Group- Retrospective program employers need to be very careful about joining a group because they promise a biggest “refund “.
In the Group-Retro program each employer pays their “full” individual premium the first year and then based on the “groups” future claim activity the employers can be assessed additional premium or receive rebates over a three year period. This is a very risky proposal and employers should consider the following before joining a Group-Retro program:
- History of how many years the Group has been filed with the BWC
- Number of employer members
- Size of the Group premium
- Group claim history to date
- Actual Group performance verses projections
- How will your individual premium and claims impact the group
Choose the RHK Group to advise you on the most cost effective Workers’ Compensation coverage for your company:
- We are independent and represent multiple Ohio TPA programs.
- No additional RHK fees, we have a relationship with our TPA partners.
- Over 25 years of experience in the Ohio Workers’ Compensation business
For a no cost no obligation RHK review of your 2014 Workers’ Compensation rating program please complete the RHK (AC-3 Authorization) here. For more information on our unique service and experience visit our website.
Integrated disability management is becoming more and more complicated with increased regulations and “entitlement benefit seekers”. To learn more check out this article below.
Employers Turn to Brokers for FMLA Help
Employee Health Question: Is obesity becoming more a disability verses wellness concern?Are you addressing this trend in your workplace? Check out the article below to learn more.
Employers Bear the Weight of Obese Workers
Check out the articles from RHK Group’s August newsletter.
Safety and Wellness Article
Hardly a day goes by without a client asking questions about how the creation of the Individual Exchanges might affect their personal or group health insurance situation. Most often the primary concern is whether they might be able to obtain health insurance coverage through the Exchange at a more affordable rate. The answer to that question is simply just not available yet, as the insurance carrier rates in the vast majority of states have not yet been released. However, there are some rules and regulations in place which provide a glimpse of the methodology that will be used to set these rates. To learn about some of the key provisions of the rate setting regulations click here.
On June 16th 2013 the American Medical Association declared obesity as a disease rather than a comoribidity factor. Since obesity is now considered a medical condition that means that it requires professional treatment, the US Department of Health and Human Services predicts that the costs to US businesses related to obesity will exceed 13 billion dollars. To learn more about how this will affect your Workers’ Compensation and mandatory reporting read the full article here.
To learn more about how RHK Group can help your company prepare for the new health care regulations, check out these articles from our July newsletter below.
How to Re-Invest Workers’ Compensation Savings into Employee Health Benefits
Total Cost of Low Health Benefit Plan Participation
The RHK Group understands that more employers at this point in time have reviewed their health benefit plans and are in compliance with ACA regulations and “affordability” measures. However, employers need to begin focusing on educating your “non-participants” with the upcoming mandate for health insurance coverage. The individual mandate is still in place for 2014 and employees will be seeking “affordable coverage options from multiple sources that will compare/compete with the employer/employee relationship and loyalty. Read more.
Due to the delay of the Affordable Healthcare Act to 2015 we have revised our employers guides to meet the new revisions. To learn about the changes please click on your companies appropriate guidelines below:
Small Group Fully Insured (An employer with less than 50 FTE that offers a fully insured health benefit)
Large group Fully Insured (An employer with greater than 50 FTE that offers a fully insured health benefit)
Self Insured (An employer with < or > than 50 FTE that offers a self insured health benefit plan )
If you have any questions concerning this new information or your companies requirements please call the RHK Group at 614-457-1236 Ext. 132 to receive more information or you can e-mail Dale Bugay at dbugay@rhkgroup
The PPACA law was passed on Christmas Eve 2010 and now the employer mandate deadline is delayed/extended on July 4th “Independence Day”. Employers should not view this year of independence from employee health benefit regulations and tax penalties as a time off holiday, just as the passing of this law was not welcomed as a Christmas present in 2010. The individual mandate is still in place and employers must engage your employees in a mutually affordable solution to obtain healthcare coverage.
In a surprise move, the federal government announced that implementation of the Employer Mandate provision of the Affordable Care Act will be delayed until 2015. This development will provide employers with more time to engage your employees in strategic decisions in providing health care coverage.
For more on this development check out this article below:
Obama Grants His Own Waiver