Health care reform is changing many things about the insurance industry, and in some cases those changes are not in the broker's favor. But at least one area of the market is seeing a boon thanks to the Affordable Care Act — wellness plans.
The ACA includes several provisions that allow wellness plans to flourish. For example, the ACA allows employers to offer incentives to employees who participate in wellness plans and/or meet certain health standards. The law increases the reward amount beginning in 2014, when rewards may be up to 30 percent of the cost of coverage (currently at 20 percent), and the reward limit may be increased to 50 percent of the cost of coverage.
[See also: More coverage on Wellness]
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
