Alternative Benefit Funding

A New Self-Funded Approach to Group Health Insurance

  • Allows mid-sized employers to take advantage of the same economic benefits that large, self-funded employers have utilized for years.
  • Shows promise to actually begin to reform health benefits costs.
  • Allows employers to utilize market forces to reduce medical fees.
  • Uses risk management techniques such as wellness programs that are often only used by large corporations.

Minimum Wage Hike Set for 1/1/2016

The Michigan Minimum Wage is set to increase January 1 to $8.50/hour.
Refer to the Michigan.gov website for details Here.

GreenLight Idea Pitch Contest

The St. Clair County Economic Alliance is hosting the Business & Student GreenLight Port Huron Business Competition on December 7th.  The Competition is similar to the popular TV “Shark Tank”.   Competitors will pitch their idea / invention before judges in hopes of being selected to win money and move onto the GreenLight Michigan event.    See website for details Here

 

Recent News

DOL Proposes to Strengthen Claims Procedures for Disability Benefits

On Nov. 18, 2015, the Department of Labor (DOL) issued a proposed rule to strengthen the claims and appeals requirements for plans that provide disability benefitsAccording to the DOL, disability | Read More

HSA Limits Announced for 2016

IRS Releases health savings account (HSA) limits for 2016 to adjust for inflation.  Contact TRG for details on the adjusted limits and how an HSA may benefit your business.

 

  | Read More

Blog Posts

Final ACA Market Reform Rules Issued

On Nov. 18, 2015, the Departments issued final regulations addressing a number of the ACA’s market reform requirements to be effective 1/1/17.   The final rules address market reforms such as lifetime and | Read More

Health Care Reform: 2016 Compliance Checklist

Although many key reforms under the Affordable Care Act (ACA) became effective in 2014 and 2015, additional reforms will become effective in 2016 for employers sponsoring group health plans. To prepare for | Read More