Archive for UBA Partner News’ Category

Strategic Benefits Communication: How Do You Measure Success? | Houston Benefit Advisors
Mar

1

2017

Strategic Benefits Communication: How Do You Measure Success? | Houston Benefit Advisors

Last fall I had the pleasure of hosting a UBA WisdomWorkplace webinar called “Success in Voluntary through Strategic Benefits Communication.” I discussed recent Sun Life survey data regarding employee engagement and understanding of the value of voluntary benefits. In the world of voluntary insurance carriers, success in voluntary benefits can be measured in various ways. A key metric is employee participation. For carriers, this is…

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Keeping Pace with the Protecting Affordable Coverage for Employees Act | Houston Benefit Advisors
Feb

22

2017

Keeping Pace with the Protecting Affordable Coverage for Employees Act | Houston Benefit Advisors

Last fall, President Barack Obama signed the Protecting Affordable Coverage for Employees Act (PACE), which preserved the historical definition of small employer to mean an employer that employs 1 to 50 employees. Prior to this newly signed legislation, the Patient Protection and Affordable Care Act (ACA) was set to expand the definition of a small employer to include companies with 51 to 100 employees (mid-size segment) beginning January…

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Cafeteria Plans: Qualifying Events and Changing Employee Elections | Houston Benefit Advisors
Feb

18

2017

Cafeteria Plans: Qualifying Events and Changing Employee Elections | Houston Benefit Advisors

Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits, for example, health insurance. Employees are given the opportunity to select the benefits they want, just like an individual standing in the…

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Feb

10

2017

UBA Health Plan Survey – 2016 | Houston Benefit Advisors

Employer-sponsored health insurance is greatly affected by geographic region, industry, and employer size. While some cost trends have been fairly consistent since the Patient Protection and Affordable Care Act (ACA) was put in place, United Benefit Advisors (UBA) finds several surprises in their 2016 Health Plan Survey. Based on responses from more than 11,000 employers, UBA announces the top five best and worst states for…

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Implications of the 21st Century Cures Act | Houston Benefit Advisors
Feb

7

2017

Implications of the 21st Century Cures Act | Houston Benefit Advisors

On December 13, 2016, former President Obama signed the 21st Century Cures Act into law. The Cures Act has numerous components, but employers should be aware of the impact the Act will have on the Mental Health Parity and Addiction Equity Act, as well as provisions that will impact how small employers can use health reimbursement arrangements (HRAs). There will also be new guidance for…

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Feb

3

2017

Who Are You Benchmarking Your Health Plan Against? | Houston Benefit Advisors

Many employers benchmark their health plan against carrier provided national data. While that is a good place to start, regional cost averages vary, making it essential to benchmark both nationally and regionally—as well as state by state. For example, a significant difference exists between the cost to insure an employee in the Northeast versus the Central U.S.—plans in the Northeast continue to cost the most…

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