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What can employees do to make smart choices during Open Enrollment?

Posted by Christine L. Tricoli on Jan 19, 2017 2:50:00 PM

Open Enrollment for 2017 employer-sponsored health plans and Marketplace health plans begins this fall and runs through the end of January 2017. For many Houston-area employees, it also means that employers can sign up for an affordable, high-quality employer-sponsored health plan such as KelseyCare, or individual healthcare coverage through the federal exchange or through a state website should it be available. Under the healthcare law, your employees can buy health coverage through the Health Insurance Marketplace for Individuals and Families instead of accepting the insurance you offer.

Rising pharmacy rates fuel spike in healthcare spending

Posted by Julio Iturriaga on Jan 5, 2017 11:48:00 AM

Businesses will spend six percent more on healthcare benefits in 2017 than they did this year, according to an annual survey by the National Business Group on Health. To the casual observer, this might appear to be good news, since the upcoming price hike is no greater than last year's. However, despite this relatively steady growth rate, healthcare costs continue to climb faster than wages on average, suggesting consumers will be forced to put even more of their paychecks toward medicine. 

Let us s​how you how you can save 15-30% on your company's total medical  costs. 

"While employers have been able to keep increases in checkfor the past few years, costs are still running at more than twice the rate of inflation and general wage increases, thereby threatening affordability," said Brian Marcotte, president and CEO of NBGH in a press release. "These cost increases, while stable, are both unsustainable and unacceptable."

Nearly one-third of the 133 surveyed employers indicated that specialty pharmacy costs were the number one driver behind this spike in spending - up from just 6 percent in 2014. Rounding out the list of the three biggest culprits were high cost claimants and specific diseases and conditions. 

Generic drugs can significantly lower employee healthcare costs

Posted by Paula Turnquist on Dec 22, 2016 1:05:00 PM

One of the most efficient ways to cut healthcare costs without sacrificing quality is to choose generic prescription drugs over theirbrand-name counterparts. In fact, the former can be as much as 80 percent cheaper than the latter, according to the Generic Pharmaceutical Association. This ultimately adds up to lower bills and long-term costs for both patients and their employers. Generic drugs saved more than $1.46 billion over the previous decade, according to a leading healthcare analytics firm. 

Let us s​how you how you can save 15-30% on your company's total medical  costs. 

Here are more facts:

Help your employees plan for a healthy vacation

Posted by Christine L. Tricoli on Dec 15, 2016 1:00:00 PM

One of the busiest times of year for travel, July and August can be among the least productive at work, as countless employees take time off in search of sunshine and downtime. With so many people out of the office, it can be difficult to cover all the work left behind.

How your employees can reduce healthcare costs

Posted by Christine L. Tricoli on Dec 8, 2016 1:30:00 PM

While choosing a healthcare plan might seem like a daunting task, everyone need to tackle it at some point. The key is to balance optimal care with the lowest possible payments. Here are a few ways your employees can save on their healthcare costs:

Why most wellness programs are destined to fail

Posted by Paula Turnquist on Oct 5, 2016 11:20:37 AM

Despite their short-lived surge in popularity, wellness programs were never quite able to live up to their potential. Study after study have shown that employees simply don't enjoy participating in their company's incentive programs as much as their HR departments had hoped. While the reasons for this apathetic attitude vary from person to person, new research suggests a major gap between the incentives these programs offer and those their members actually want.

While healthcare cost increases are falling, employees shoulder growing burden

Posted by Julio Iturriaga on Aug 24, 2016 3:50:08 PM

Since the 2008 recession saw healthcare premiums skyrocket, the rate of cost increase has slowed significantly. However, according to a new study from Xerox, today's healthcare costs are still climbing at a rate that far outpaces that of inflation, suggesting we still have a long way to go to bring down coverage expenses. 

How payers can manage spending on high-cost claimants

Posted by Christine L. Tricoli on Jul 13, 2016 12:56:14 PM

For payers, a relatively minute percent of patients often account for a vast majority of healthcare expenses. Faced with such an imbalance, managing the expenses of these populations can go a long way toward reducing your overall spending. While this process can no doubt be a challenge, there are several strategies that might help you better engage with your high-cost patients as you strive to reduce their cost of care while simultaneously improving its quality.

How digital health tools help drive down healthcare costs

Posted by Christine L. Tricoli on May 17, 2016 3:01:24 PM

As an employer, you have your work cut out for you when it comes to reducing medical costs. Wellness plans rarely inspire the level of participation you might hope for, and other large-scale initiatives can require a significant up-front investment.

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The Kelsey-Seybold Difference

Lower Costs on Group Health Insurance, Big Benefits for Small Business
At Kelsey-Seybold, we understand different businesses have different needs. We deliver long-term health benefits solutions for Houston employers through several leading partners. Our health plans offer as its core provider network and accountable care partner – the nation’s first NCQA-accredited Accountable Care Organization, Kelsey-Seybold Clinic.

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