Help for the New Healthcare Law

The Challenge To The Market

In light of the recent passage of the legislation for health insurance reform, employers continue to be challenged with the issue of rising costs, as well as the implications for providing further coverage.  Despite our best attempt to emphasize the importance of enabling employers to gain greater control of the health purchasing process, and ultimately holding insurance carriers more accountable, the current legislation appears to fall short in doing so. 

VitalSpring has worked with many of the Fortune 500 in enabling them to more effectively optimize the cost and quality of health benefits, and to be in a position to drive greater accountability of their vendors.  It is apparent that employers will now be faced with the decision to immediately find areas to reduce costs and plan accordingly for the implementation of the new legislation. 

Time To Take Control

The law requires employers to redesign their health care plans to meet new coverage requirements and in some cases those changes will have to be made almost immediately. Employers soon will have to cover in full preventive health care services, extend coverage to employees' adult children until age 26, eliminate lifetime dollar limits and certain annual limits as well. Employers also will have to cap flexible spending account contributions and consider whether it still makes sense to offer retiree prescription drug coverage in light of the new law's takeaway of a big federal tax break. Down the road, employers will have to consider what design changes they need to make to reduce their exposure to a whopping new federal tax that will be imposed on the most costly employer plans.

We recognize that you have to identify areas for cutting costs, but not compromise the quality of benefits being provided.  We also recognize that it is important to separate yourself from those vendors who continue to generate profits at the expense of employers

How Can We help You Get Ready

1. We will enable you to immediately reduce or eliminate the high cost you may be insuring for the acquisition and analysis of data either directly from your consultants, insurance carriers or vendors such as Thomson, Reuters or Ingenix.  It is clear that employers must not be paying other companies who are in the business of selling employer data for the benefit of insurance companies, pharmaceutical companies and others who are making profits at the expense of employers.
   
   
2. We will assist in enabling you with the necessary data and analysis for planning coverage for dependants under the age of 26.
   
   
3. We will enable you to put in place the necessary framework for accounting of benefits costs in preparation for any future audits by the government as it pertains to employee or dependant coverage.
   
   
4. Provide you with the data and analysis necessary for the loss of the tax benefit for prescription drug benefits for retirees.
   
   
5. Provide you with the data analysis and framework necessary for effective implementation, communication and measurement of programs tied to the Safeway Amendment. 
   
   
6. We help you reduce FRICTION:- by eliminating the need for multiple vendors, solutions, and silos that are expensive and inefficient
   
   
7. Click Here for important dates
   
   

Upcoming Webinars

April, 23
THE CODE BLUE SERIES : What Data Do Employers Need For The New Law

May, 7
THE CODE BLUE SERIES : How To Make Best Use of The Safeway Amendment

Contact Us

 contact us at codeblue@vitalspring.com