Physicians form group to advocate for Obamcare change

Physicians need a way out, we call them locked doc’s. These are doctors, especially primary care physicians who are being crowded out of doing their work. This sounds particularly harsh but have you asked your physician about staying in business?

This is a good article describing a physician PAC built to bring change.

“All these things are churning and it’s imperative that the subject of the ACA come up (in Congress),” Singer said. “The ACA is not sustainable. We want to play a role in influencing the agenda to make sure patients are first.”


Contact us to talk more about a small course correction that would have a big impact.

BenStaff is accepted into the Goldman Sachs 10,000 Small Business Detroit Cohort III

Screen Shot 2014-09-15 at 9.37.39 AMThe Big News today is our acceptance into the Goldman Sachs 10,000 Small business Detroit program.  This is an opportunity that will propel BenStaff forward exponentially. The Goldman Sachs 10,000 Small Business campaign selected BenStaff and the team for the 4 month intensive training program beginning 10/10/14.

This is a 4 month intensive training program that prepares small business owners for achieving growth. They have said it is an intense amount of school work all directed at the business.

Congratulate my team for their hard work and dedication that has earned us this distinction.

Here are links to learn more about the Goldman Sachs 10k Small Business education program.

Goldman Sachs National initiative video

Goldman Sachs – Detroit

Babson College Curriculum

IRS YouTube Videos Focus on Healthcare Reform, Tax Form Changes

The name you might use to describe what individuals are getting by going to the marketplace has many different names. The tax credit, the subsidy, the pretax credit, the government hand-out, advance payments of the premium tax creditand other names.

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Employers and advisors should take notice that the IRS is the final decision maker about how much someone gets by way of the “final” tax credit. If you’ve advised someone to take a tax credit, if someone has premiums that are being paid by the government this article and youtube video’s are for you.

New IRS YouTube Videos Focus on Healthcare Reform, Tax Form Changes.

“For most people, filing their returns in the spring of 2015 is going to be fairly simple – with regard to this issue, and that is they’ll simply check a box indicating that they have qualifying insurance or they’ll indicate that they’re eligible for an exemption. Otherwise, they’ll calculate their shared responsibility payment and add it to their tax return,”

IRS Commissioner John Koskinen

Your customer who loses some or all of their premium payment from the government will find out when they owe taxes 4/15, or audit someday afterward.


Consulting firms are reaping the benefits

We are trusted by some of Michigan’s largest agencies, brokers, consultants, carriers, etc. to provide independent, 2nd opinion and analysis to their clients. Trust us to provide the same to you.

The number of combinations and permutations has mushroomed.

Everyone is selling a product, but us.

“Major benefit consulting firms, such as Aon Hewitt, Mercer and Towers Watson, are investing significant funds and management resources to develop private exchanges themselves.”  Health Insurance Exchange, March 4th, 2014

The number of combinations and permutations available as alternatives for employers has mushroomed in the aftermath of ACA. Everyday, a better mousetrap is announced; not just agents, brokers, consultants as noted in this quote but so many others; carriers, third party administrators, technology companies, hospitals, the government, just about everyone has a new solution. Choices and complexity has never been greater, and the stakes never higher.

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Unlike the long list of new solutions BenStaff is solely focused on providing clear, beneficial decision information to help you make the right choice for your plan sponsor and beneficiaries.

We welcome the innovation and new solutions being touted, but in anytime of change, clear thinking, uninfluenced thinking is a must.

We are trusted by some of Michigan’s largest agencies, brokers, consultants, carriers, etc. to provide independent, 2nd opinion and analysis to their clients. Trust us to provide the same to you.

Get started with a call to Don today, 248-881-3310.

Self funding for many employers is an awful idea

Self funding turns your business into an insurance company. Before making this move you must prepare an analysis without influence from the sales process. Beware of anyone who says you will save money. Call us, put our independence to work.

Self funding has become a popular recommendation.

Self funding is being recommended for groups down to 25 employees – don’t go out of business because you didn’t get a second opinion first.

Self funding is about risk, your company, or client, acts as the insurance company. Know before you recommend or choose self funding if your plan is predisposed to known risks. Risk factors used to predict rates by actuaries and underwriters can be used by our team to predict the suitability for self funding, consider these risk factors before making this recommendation to your client or in the case of an HR or finance executive, to your boss.

Did you know, according to Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 2013, the difference between self funding and fully insured is less than 1%?

Our team of underwriters and actuaries were all former insurance insiders and made a living making money for insurance companies, they know group risk and fee dynamics and will provide valuable insight to you.

A second opinion is never a bad idea, you can’t go wrong recommending a trusted second opinion. Everyone involved will sleep better.

BCBSM, like many vendors are offering self funded plans to small employers. The question is, do you want to be an insurance company?
BCBSM Self funded for 25-49 size groups Reform October 2013

Before you decide, call.