Much has been made of the Inflation Reduction Act and how it will affect the cost of healthcare for consumers and businesses. Behind the headlines, there are realities about the timing of those changes, who will be impacted and to what degree. One key takeaway that isn’t getting much attention because it’s not click-worthy: compliance. …
Understanding the headlines: the state of healthcare compliance in 2023 Read More »
The numbers are in, and they don’t look good. Healthcare costs for 2023 are expected to increase anywhere from 5.8% to 7.5%. That’s up from 3.7 % in 2022. Sure, inflation is to blame. But that’s not all. Healthcare utilization is rebounding as those who missed care during the pandemic are heading back to the …
Healthcare costs increasing 6.5% — four ideas to cope Read More »
About us TAC Benefits Group, LLC is a small business in Jenkintown, PA. We are innovative, customer-centric, supportive and our goal is to create customized health plans built to drive down cost and limit employer administration. Companies large and small can benefit from a well-structured, carefully managed healthcare programs. Our clients also benefit financially with …
Many business owners make assumptions about group health insurance—about what is available to them based on the size of their company, or the lack of control they have over costs. Since healthcare costs will only continue to rise, it is important to understand alternatives that can save money. One of the best is self-funding. There …
Myths and Facts of Self-funding Health Insurance Read More »
Imagine receiving a medical bill for a man’s hysterectomy. It sounds outrageous, right? But it’s just one of millions of U.S. hospital billing errors made every year. In fact, Modern Healthcare reported that 80 percent of medical bills contain errors. I think the number is even higher. It’s no wonder that most hospitals aren’t posting …
Uncovering Medical Billing Secrets with Claims Audits Read More »
Are you an employer looking to save on employee health insurance? Then it’s worth a few minutes of your time to familiarize yourself with a cost-containment strategy that could save your business and your employees tens of thousands of dollars on hospital and other healthcare bills. It’s called Referenced Based Pricing (RBP) and fundamentally, it’s …
Referenced Based Pricing Explained. It’s a Powerful Cost-cutting Tool for Employers Read More »
I was thinking back on the many conversations I had with staffing company CEOs during the recent ASA Staffing Law Conference in Washington, D.C. What really hit home for me is the fact that the industry seems to believe ‘we’re good to go’ as far as ACA compliance and medical benefits are concerned. I worry …
A Wake-Up Call for Staffing Companies: Are You Really ACA Compliant? Read More »
If you are self-funding your employee healthcare plan, read on. There’s a new requirement to disclose information about your plan, and let’s just say, it can be complicated. The new rule comes from the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020. Buried in the CAA were some important new …
Imagine for a moment that one of your employees gets the devastating news that their spouse has stage three cancer and needs chemotherapy. The doctor recommends a new and promising drug that is administered via infusion. Another piece of crushing information: the treatment costs $10,000 a month—a sum your team member can hardly afford. Enter …
One of the most complex and often-debated provisions of the Affordable Care Act is the individual mandate, which required most households in the U.S. to have health insurance or face a penalty. That provision was eliminated for many Americans in 2019, when the Tax Cut and Jobs Act reduced the penalty to $0. Today, five …
ACA Update: The State Individual Mandate for Health Insurance Read More »
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318 Huntingdon Pike
Rockledge, PA 19046
PHONE:
215-663-8000
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215-663-8299
