Explore dental coverage for oral health month

When it comes to dental hygiene and overall oral health, there is nothing more important than regular checkups with a dentist, but without dental coverage affording consistent preventative visits can be a struggle.

June is oral health month, the perfect time for business owners to look at their dental coverage and evaluate if they are offering employees all the benefits they need to remain healthy.

Employers can add dental coverage to their plan at any time during the year; they do not need to wait for their health plan renewal. ClaimLinx will consult with any client on the best option to fit a company’s needs and budget.

One option is to set up a traditional supplemental insurance policy for dental coverage through a major carrier, such as Guardian, Aflac, National General, Delta Dental and more. Another is to use ClaimLinx’s third party administrator services to set up a self-funded dental plan in which employees are reimbursed for qualifying expenses.

The American Dental Association recommends people brush their teeth at least twice per day, floss at least once per day and visit the dentist twice per year for a cleaning and checkup.

Twice annual visits are especially important, because they keep oral health costs low by treating an issue before it escalates. It is estimated that for every dollar spent on preventative care, a person can save between $8-$50 in restorative and emergency treatments, according to a study at the University of Illinois.

But many Americans are forced to put off these visits or early treatment because of out-of-pocket costs or because they do not have dental coverage at all. The same study estimates 1 in 4 American adults have untreated tooth decay.

Offering dental benefits can often be a simple and relatively inexpensive way to improve overall health coverage, which gives employees the peace of mind and fiscal confidence to continue consistent checkups. It is the best way to ensure one of your employees does not become one of the 36% of American adults that has gone more than one year without a dental checkup, according to the Center for Disease Control.

Contact sales@claimlinx.com if you would like to start a conversation about your company’s dental coverage.

 

Early 2019 insurance rates highlight a need for benefit alternatives

Inurance Consultant ClaimLinx offers employers a solution for rising health care costs

BOSTONJune 7, 2018 /PRNewswire/ — Insurance premium proposals for 2019 are rolling in this month, so far with requested rate hikes as high as 47 percent in some states. This on top of health care costs outpacing economy-wide inflation for the first time since 2010 forecasts a challenging market for business owners.

Nationwide insurance companies are citing policy changes to the Affordable Care Act, including the repeal of the individual mandate and expanded short term options, as the culprit for the requested higher rates.

Also driving up premiums are medical expenditures. They are expected to rise 2.2 percent this year, compared with 1.9 percent for overall inflation, according to the Center for Medicare and Medicaid Services.

Yet rising prices have done nothing to quell employees’ desire for improving benefits, as they’re now being used as a benchmark in a tightening job market. Employers are going to need alternative benefit solutions to stay competitive with the national unemployment rate dipping to 3.8 percent, according to the Bureau of Labor Statistics.

They’re going to need options like those offered at ClaimLinx, a full-service consultant, insurance agency and third-party administrator that specializes in guiding business owners through the insurance market with its own unique strategy for achieving the best, most affordable health plan.

ClaimLinx has pioneered a solution for purchasing health insurance that combines traditional high deductible insurance plans with a customized self-funded medical expense reimbursement plan. The resulting plan enables employers to offer top-notch benefits at a much lower cost.

Tom Quigley, National Benefits Consultant at ClaimLinx, emphasized that this has to be business owners’ first priority.

“You’ve got to be providing the best assets you can to your employees or it’s going to become your liability — no question,” he said.

What started as a small idea in Cincinnati about cutting costs on health insurance has grown to a nationwide service with offices in Boston and North Conway, NH. In 2017 ClaimLinx helped business owners save an estimated $3.2 million.

John Moore, President of the manufacturing company Ohio Metal Products, changed his company’s benefits plan to the ClaimLinx solution because of increasing costs and even more limited options.

“Our company has saved tens of thousands of dollars,” Moore said. “ClaimLinx can provide the benefits that we want, not what the insurance company suggests.”

Contact: Whitney Faber, (617) 892-4655
wfaber@claimlinx.com
www.claimlinx.com

View the published press release.

Due date for 1095 forms moved to March

Tax filing deadlines are coming up so some of you may have employees asking questions about their 1095 health coverage information forms. Please be advised at the end of last year the Internal Revenue Service (IRS) extended the deadline for issuing these forms to March 2, 2018.

This means insurance carriers and other insurance providers have until this date to provide Forms 1095-B or 1095-C to members. This 30-day extension is automatic and does not require any paperwork to request it.

However, this does not mean that employees are required to wait to receive this information to file their individual income tax return. The IRS states these forms can be used to assist in preparing a return but are not required to file.

As a reminder, these forms are issued from the primary insurance carrier on your plan, not by ClaimLinx. If employees have not received this form after this deadline, they can request it from the insurance carrier directly.

If you have received any additional instructions from your primary insurance carrier regarding these forms, such as if your carrier is National General, please follow their instructions for filing as soon as possible.

 

Billing errors cost members and employers on services

As many as 80% of medical bills in the United States contain errors, according to Derek Fitteron, CEO of Medical Cost Advocate, a partner of ClaimLinx. And those errors can lead to an unnecessary increase in a bill’s overall cost. In fact the credit agency Equifax reported that for bills totaling $10,000 or more, there is an average error of $1,300.

A big reason these errors occur is the way healthcare providers classify diagnosis, symptoms and procedures. They use a coding system called the ICD-10-CM (International Classification of Diseases, Tenth Revision, Clinical Modification). The system is incredibly complex with mistakes leading to patients potentially being charged for procedures or testing they did not receive or more expensive versions of their care.

Errors can occur on any medical bill, but tend to be found on bills for complex medical procedures, inpatient care, care from a medical specialist or when patients receive care at a facility outside their insurance carrier’s network.

To prevent this issue for all ClaimLinx clients with a Medical Expense Reimbursement Plan, any high dollar medical claims are automatically sent to Medical Cost Advocate for review and negotiation. But employees can also help to combat this issue by being sure to check any medical bills for procedures or testing they do not recognize, especially bills totaling over $1,000.

Members should contact their provider first with questions about any bill. Then if a change must be made to a previously processed claim, they can contact the Claims Department at help@claimlinx.com.

Some of this information was taken from an article which featured our partner, Medical Cost Advocate, published in Employer Benefit News. Read the article.

 

State of the Union spotlights pharmaceutical problem in America

Pharmaceutical companies’ stocks took a hit just after the State of the Union address, when President Trump listed drug pricing as one of his “greatest priorities” this year.  Medication prices across the board have been rising sharply, occasionally with consequences from Washington.

For example, Turing Pharmaceuticals former CEO Martin Shkreli was called to appear before Congress when he raised the price of the AIDs medication Daraprim from $13.50 per pill to $750 per pill in 2016.

There have not yet been any policy initiatives to force drug prices down, and until there are, prices are likely to continue to rise — with insurance companies finding more ways to pass this burden onto you, the consumer.

One of biggest changes I’ve seen among my own clients is many medications have changed tiers, resulting in a much higher cost share for members.  So a drug that was once in Tier 2 and covered with a $50 copay may now have switched to Tier 3 with a $150 copay — for the same drug at the same insurance carrier. That’s a pretty shocking price hike in a matter of just a few months.

I’ve also seen many insurance carriers adopt a Mandatory Generic Substitution for a growing number of medications. This requires members only receive the generic version of a drug, or pay the difference for the brand name version.

Then some drugs have fallen off of insurance carriers’ formularies altogether, meaning they are no longer covered at all.  Most often this happens when a drug has become so expensive even insurance carriers are having trouble paying for them. So imagine how the average consumer feels.

All in all, this is not a problem exclusive to 2018 alone, but it is a problem that will only get worse until sweeping changes are made to how drugs are priced. So please, Mr. President, make the drug industry great again.