As a benefit service provider (BSP), you can help your employer groups better prepare to communicate account-based benefits and maximize CDH account adoption, funding and usage. Current employer-to-employee engagement is far from optimal. Partner with Alegeus to deliver direct-to-member engagement campaigns for your employer groups.
Following last month’s failure to repeal/replace the Affordable Care Act (ACA), Senate Republicans are looking towards a proposal by Sens. Lindsey Graham (R-SC), Bill Cassidy (R-LA) and Dean Heller (R-NV) as a possible path forward to achieve the promise of repeal and replace. This proposal was first introduced as an amendment to the Senate’s failed Better Care Reconciliation Act, but never received a vote. What does this proposal include and how does it address the CDH provisions? When could a vote be held and can it be passed under budget reconciliation?
When Congress returns in September, healthcare reform is likely to resume its position at center stage. In addition to a new Republican-led Affordable Care Act (ACA) repeal/replace proposal from Sens. Graham, Cassidy and Heller, bipartisan efforts are underway. To stabilize insurance markets, the Senate will hold bipartisan hearings, and the House’s Problem Solvers Caucus has a proposal for an ACA revise/repair bill. Continue reading to learn about the Problem Solvers Caucus. Will their bipartisan healthcare proposal garner enough support for a vote? Will any of the consumer driven healthcare (CDH) provisions from previous ACA repeal/replace bills be included?
On August 9th, the Department of Labor (DOL) sent a request to the Office of Management and Budget (OMB) to delay the implementation date for the fiduciary rule from January 1, 2018 to July 1, 2019. The DOL also sought further industry comments regarding the fiduciary rule and prohibited transaction exemptions, with a specific request for comments on health savings accounts (HSAs). Learn more about the requested delay and read a summary of the Alegeus-supported HSA Council comment letter to the DOL that reiterates the industry’s position that HSAs should be excluded from the fiduciary rule.
This week, Senate Republicans weren't able to muster the votes needed to pass any of their three main healthcare reform efforts under budget reconciliation. While healthcare reform isn’t dead, the reconciliation process is. Republicans must now decide how to proceed. So, where do we go from here? Read more to learn how the consumer directed healthcare (CDH) industry will remain focused to advance the common sense provisions that improve account-based care.
Brokers and employers are critical to the proliferation of consumer directed healthcare (CDH) benefits in the market (including high deductible health plans and account-based offerings such as FSAs, HSAs, and HRAs) – as well as the consumer’s ability to comprehend and realize their value. While brokers and employers understand the strategic value and impact account-based benefit programs bring to the market, they still need significant support to maximize adoption and realize the full value consumer directed healthcare can deliver.
Senate Republicans issued their ACA Repeal/Replace bill and originally planned to vote this week. But opposition from both conservative and moderate Republicans have forced them to delay the vote until after the July 4th recess to provide Senators with time to negotiate changes and amendments. Learn how the Senate bill will impact the CDH industry and what to expect in the coming weeks.
A few days prior to the Kmart breach being identifiable as the root case for card exposure and as part of the Alegeus Fraud Prevention Program in partnership with Mastercard and Visa, Alegeus began to proactively communicate to clients identifying specific cards exposed to possible compromise by a third party, such as a merchant and in this case Kmart. As part of the Mastercard and Visa compromised card process, the payment processor notifies Alegeus anytime a compromise has occurred and provides a list of impacted card accounts.
In a May 22nd Wall Street Journal op-ed, Department of Labor (DOL) Secretary Acosta confirmed the DOL is moving forward with its new fiduciary standards rule that is to be phased-in from June 9, 2017 through January 1, 2018. During the transition period, the DOL will continue to conduct its ongoing examination of the fiduciary rule, so we expect to see more delays and revisions.
On May 4th, the House of Representatives passed H.R. 1628, the American Health Care Act of 2017. The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) estimated that enacting that version of H.R. 1628 would reduce the cumulative federal deficit over the 2017-2026 period by $119 billion.