Every day, more than 10,000 people turn 65, according to HHS. Forward-thinking third-party administrators (TPAs) are seizing the opportunity by adding retiree billing to their practices. With the right retiree benefits administration software, you can increase your...
Americans may be facing a retirement crisis. A combination of low savings and high healthcare costs could cause problems for many of today’s workers as they reach retirement age. Companies that offer solid retirement health benefits could make themselves very...
Do you need to send health care eligibility updates to your insurance carrier? Then you need an Electronic Data Interchange 834 file, commonly shortened to EDI834. This standard format meets HIPAA requirements, but there’s a catch. Even though it’s a global standard,...
Employers and third-party administrators have something important in common: They’re always looking for ways to operate more efficiently. One function that is particularly time-intensive is the receipt of premium checks. Every time a check comes in, someone in your...
Today’s retirees face massive health care costs. Research from Fidelity found that a 65-year-old couple retiring now can expect to spend an average of $280,000 on health care costs. At a time when many people’s retirement savings are falling short, this news may come...
You understand the importance of open enrollment. You know it’s your one chance to help employees select the benefits they need to be satisfied, productive and protected throughout the following year. You recognize the importance of encouraging engagement in the...