Benefits brokers who want to address the needs of small-business owners have a new option, courtesy of the Small Business Healthcare Relief Act.
As President-elect Trump continues to promise to make repeal of the Affordable Care Act his administration’s first order of business, Democrats on Capitol Hill are vowing to go to the mats to save the law’s consumer protections, and potentially its employer and individual mandates.
While the official 2016 voluntary benefits market sales numbers won’t be calculated until next year, anecdotal evidence from brokers, consultants and analysts suggests another strong year of growth.
Health savings accounts – which surpassed 18 million total accounts and held more than $34 billion in assets by mid-year 2016 – are expected to grab a prominent spot in President-elect Donald Trump’s efforts to reform the Affordable Care Act.
While it’s difficult to accurately predict how, and when, the Affordable Care Act might change under President-elect Donald Trump, brokers can feel safe making a few calculated predictions.
The chronic wage stagnation that has hamstrung much of the American workforce could reverse under a Trump administration, according to some economists.
Half the workers who receive health insurance through their employer say their out-of-pocket expenses increased this year, according to the Employee Benefits Research Institute.
Hillary Clinton and President-elect Donald Trump offered vastly different positions on health care policy over the past 18 months. Most of the candidates’ proposals revolved around the Affordable Care Act. Clinton vowed to secure, and even expand upon, President Barack Obama’s signature policy.
The departments of Labor, Health and Human Services and Treasury finalized on Oct. 31 regulations proposed in June that limit the duration of so-called” short-term” insurance policies.
Today’s group benefits broker is shorthanded, according to Pat Toner. He says the product marketing for group voluntary products lacks in “sophistication” relative to marketing in other areas.