July 23, 2018
Q2 Commercial P/C Survey Now Open
According to Q1 2018 results, average premiums increased for the second consecutive quarter in three years, by 1.7 percent. What trends have you noticed in Q2? The Council’s Q2 2018 Commercial P/C Market Survey is now open, and your feedback will help uncover market trends in underwriting, claims and pricing. Brokers, carriers and industry analysts use the results from this survey track market conditions—and you can use them with your clients. The survey will be open until July 27.
House Committee Advances Bills to Improve HSA Flexibility and Coverage Options; Other ACA Reforms
On July 13, the House Ways and Means Committee approved several bills related to HSA reform, many of which are consistent with Council policy recommendations. The legislative package would, among other things:
- Delay implementation of the Cadillac tax until January 1, 2021
- Provide retroactive relief from the Affordable Care Act’s employer mandate by suspending the mandate until January 1, 2019
- Allow for provision of certain high-value, low-cost services like telehealth, chronic disease management, and onsite clinics below the deductible
- Allow HSA dollars to pay for direct primary care arrangements without losing HSA eligibility;
- Increase maximum contribution limits and allow spouses to make catch-up contributions to the same HSA
- Expand access to HSAs for working seniors
- Allow for purchase of over-the-counter drugs with HSA and FSA dollars
- Allow HSAs and other pre-tax health accounts to pay for sports equipment and other exercise costs
- Treat bronze and catastrophic health plans as high deductible health plans
The bills were passed mostly along party lines. The full House is scheduled to vote on the legislation in the coming days. Senator Hatch, Chairman of the Senate Finance Committee, has long championed many of the same HSA reforms, but it is unclear whether any of these measures will be enacted this year.
The Committee also passed bills to:
- Make catastrophic “copper” plans “qualified health plans” eligible for premium tax credits and allow anyone in the individual market to purchase such plans
- Allow excess money in FSAs to roll over to the following year
ACA Reform Legislation Tracker
Our legal team at Steptoe & Johnson is tracking healthcare reform bills as they are introduced in Congress. Recent updates are noted in the top box on the first page of the document. This tracker is updated as of July 19.
Don’t Burn Out Top Talent
High performers give your firm an edge, but they are often overused and overworked. Burnout not only hurts productivity and creativity but it can lead to physical and mental illness.
Leader’s Edge Wins Six AM&P EXCEL Awards
The Council’s very own Leader’s Edge magazine recently took home six distinguished awards from the 38th annual Association Media & Publishing EXCEL Awards Gala. The publication earned three gold, two silver and one bronze in the categories of general excellence, single topic issue, design excellence and feature article design. Association Media & Publishing is the organization that serves association, nonprofit and alumni publishing and communications professionals.
World Class Insurance
One of the world’s largest sporting events just concluded with France taking the title at the FIFA World Cup held in Russia, and the insurance industry was a heavy participant.
Joel Wood, SVP, Government Affairs
Why Health Care Is Making Republicans’ Challenge in November Even Harder
Joel Kopperud, VP, Government Affairs
Democrats Now Have 5 Competing Plans to Expand Government Healthcare
Cheryl Matochik, SVP, Strategic Resources & Initiatives
The Real Driver of Healthcare Spending
Jenn Urso, VP, Market Intelligence & Insights
Reference-based Pricing is Gaining Momentum– Here’s Why
Employee Benefit Adviser
Rob Boyce, Director, Market Intelligence & Insights
Is Insurance a Rich Enough Game to Disrupt?