Company News

November 1, 2013
IBG offers LINE-X Franchisees a Private Health Exchange Portal

The nationwide leader in spray-in bedliners LINE-X, has partnered with Insight Benefits Group to provide their Franchisee Owners and Employees with a viable alternative to the inefficient public exchanges.  The marketplace is now live and fully functioning for its over 500 Franchisees.  Visit www.linexmarketplace.com to see how it works.


EMPLOYEE BENEFIT NEWS ARTICLE
Featuring Jay Jensen of IBG
By Andrea Davis
June 12, 2013

ASSOCIATION COVERAGE AFFECTED BY ACA

The American Veterinary Medical Association announced earlier this year it would be ending its medical coverage for its 17,500 association members and their dependents on Dec. 31, 2013, bringing to light the issue of association coverage and how association plans could be affected by the Affordable Care Act.

"The guaranteed issue coverage mandate – in other words, you have to take somebody regardless of previous conditions – makes those kinds of plans too risky for an insurer," says Jay Jensen of Insight Benefits Group. His firm has been working with the AVMA to find alternative health care coverage for its members. "It changes the dynamics of the plan for the insurance company."

The plan's underwriter, New York Life Insurance, notified AVMA it would no longer underwrite major medical coverage for professional associates after 2013 because of impending federal health care regulations.

"Under Obamacare, they'd have to abide by each individual state mandates and requirements. Administratively it's just impossible," says Jensen.

Jensen believes some associations may try to set up their own private exchanges. Another alternative is self-insurance. "We're looking at doing some partially self-insured models and some self-insured models if some of the clinics are big enough," he says. "We've got some different strategies to try and provide the coverage and keep the cost down. The self-insured route seems to be the best route and I think you're going to see that pretty much universally across the board. Fully insured pricing is just going to be too expensive."

Jensen acknowledges that association coverage has always been challenging, saying insurers tend to shy away from general business association health plans because of the adverse risk. "But for the other association plans that do exist, I would imagine they're going to have the same problems. I don't know how they're going to get around it," he says.

The AVMA Group Health & Life Insurance Trust has offered medical insurance to AVMA members at group rates for 56 years. Term life, disability income and other nonmedical insurance policies are not affected.

Click here for link to article.


February 27, 2013
The Obamacare Calculator

Jay Jensen of Insight Benefits Group was featured in a podcast for Employee Benefit Advisor explaining how his new tool can help companies become more aware of the financial implications of PPACA.  Click here to listen to the podcast.

You may contact Jay Jensen via email at jjensen@insightbenefits.com or directly at (309) 826-8378.



January 31, 2013
A Look Ahead Into How Healthcare Reform Will Impact the Insurance Industry

Jay A. Jensen of Insight Benefits Group joined a panel of featured speakers on a National Underwriter Life & Health Webcast which was held January 31, 2013.  This was a live, interactive webcast, sponsored by Aflac, featuring industry experts regarding the most important changes coming down the pike related to healthcare reform.

Regulatory and market forces are coming together to make 2013 the Perfect Storm for the insurance sellers and carriers. On the horizon are numerous implementations related to healthcare reform that is going to change the face of the insurance industry.

This webcast tackles the tremendous changes taking place in healthcare that are going to dramatically impact the way insurance is bought and sold. Further, recent changes in the disability markets are adding to the noise causing even more confusion. How can an agent preserve or even grow his or her practice during all this turmoil?  Is now the time to diversify and sell other lines or can a smart agent connected with a great carrier still flourish?  The answers are here.

Click here to watch a recording of this webcast (registration is free and may be required before viewing the webcast).


LAS VEGAS, September 17, 2012
A crowd of more than 300 HR professionals, C-level executives, health insurance brokers and solution providers arrived at the Red Rock Resort, on September 6, for The Institute for HealthCare Consumerism's (IHC, formerly CDHC Solutions) FORUM West conference. Now in its second year hitting the West Coast, the two-day event remains the only national conference solely dedicated to innovative health and benefits management. This year's theme, "The Journey to HealthCare Consumerism," purposed to help businesses of all sizes navigate the ever-shifting health and benefits landscape and arrive at cost-saving solutions.

Health care consumerism, in contrast to traditional employer-sponsored health plans, involves putting health care decision making and purchasing power into the hands of employees. This may include the adoption of health savings accounts (HSAs), flexible spending accounts and corporate wellness programs—all of which have been proven to cut health care costs and boost employee wellbeing. FORUM attendees were given insights on how to implement these consumer-driven solutions, effectively communicate the policy changes to their employee consumers and comply with current health care laws.

True to the IHC's motto, attendees had the opportunity to "learn, connect and share" with industry professionals from across the country. The FORUM's 24 workshops and five general sessions featured noted consumerism thought leaders and subject matter experts, including Center for Health Transformations senior fellow, Ron Bachman, Altarum Center co-director, Dr. Wendy Lynch, and former policy advisor to President George W. Bush, Roy Ramthun. FORUM-goers also had the unprecedented opportunity to glean real-life leading practices from peers who have successfully adopted health care consumerism programs.

Making its debut at FORUM West 2012, Share Sessions received much recognition and success. Leveraging off of IHC's new mission to Learn, Connect, and Share, Share Sessions provided an authentic collaborative environment where employers such as Boeing, Staples, Con-Way, Tesla Motors and Pitney Bowes; and health plan providers such as Cigna, Humana and UnitedHealthcare provided a round-table feel for attendees as they engaged with these thought-leaders on a conversational level; promoting education, and even networking.

"Every year, we strive to bring value by featuring the foremost innovators in the health care consumerism space," said Doug Field, IHC founder and CEO. "For this FORUM we wanted something different, hence the creation of Share Sessions. Attendees had the chance to sit and talk with employers who are making consumerism work and I am confident that our keynote speakers and workshop leaders left attendees with valuable takeaways and actionable solutions that'll have an immediate impact on their companies' bottom lines. All in all, the debut of our Share Sessions was a huge success, as well as our entire rundown; I'm looking forward to FORUM East 2013!"

To learn more about the conference or to register for FORUM East 2013, visit www.theihccforum.com.

About The IHC FORUM
The Institute for HealthCare Consumerism's FORUM East and FORUM West are the only national events 100 percent dedicated to innovative health and benefits management. Through 24 cutting-edge workshops, five general sessions and numerous networking opportunities, attendees get relevant insights from industry thought leaders and policymakers on how to cut costs, engage employees and comply with current health care laws. FORUM-goers also have an unprecedented opportunity to learn from peers who have successfully adopted health care consumerism programs. The FORUM allows HR professionals, brokers, consultants and health plan administrators to share leading practices, exchange ideas and arrive at real, implementable solutions.


November 8, 2011
Thatcher's Town Council unanimously votes to adopt the VAULT Plan for all Town Employees.


October 24th, 2011
STL, headquartered in Bloomington, IL elected to implement the VAULT Plan to enhance employee benefits while lowering overall costs.

Recent News

November 1, 2013

IBG offers LINE-X Franchisees a Private Health Exchange Portal
The nationwide leader in spray-in bedliners LINE-X, has partnered with Insight Benefits Group to provide their Franchisee Owners and Employees with a viable alternative to the inefficient public exchanges.. Read More

June 12, 2013

Association Coverage Affected by ACA
The American Veterinary Medical Association announced earlier this year it would be ending its medical coverage for its 17,500 association members and their dependents on Dec. 31, 2013, bringing to light the issue of association coverage and how association plans could be affected by the Affordable Care Act. Read More

February 27, 2013

The Obamacare Calculator
Jay Jensen of Insight Benefits Group was featured in a podcast for Employee Benefit Advisor explaining how his new tool can help companies become more aware of the financial implications of PPACA. Read More

January 31, 2013

A Look Ahead Into How Healthcare Reform Will Impact the Insurance Industry
Jay A. Jensen of Insight Benefits Group joined a panel of featured speakers on a National Underwriter Life & Health Webcast which was held January 31, 2013. Read More

September 17, 2012

Insight Benefits Group Represented at Las Vegas Healthcare Consumerism Conference. Read More

November 8, 2011

Thatcher's Town Council unanimously votes to adopt the VAULT Plan for all Town Employees.

October 24th, 2011

STL, headquartered in Bloomington, IL elected to implement the VAULT Plan to enhance employee benefits while lowering overall costs.



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